Cheap Homes for Rent in Lake Wales, FL from $600 (24 Rentals)

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Search the lowest-cost Homes available for rent right now in Lake Wales.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 3821 Club Cir

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

3821 Club Cir

Lake WalesFL33898

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 2540 Elm Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

2540 Elm Ave

Lake WalesFL33898

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Lake Wales, FL Local Guide

Cheapest Neighborhoods for Apartments in Lake Wales, FL

Pricing Updated: 07/26/2026

Current apartment rentals in the Lake Wales, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Wales Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Lake Wales$1,350$1,3501
Altadena$1,600$8505
View Pointe$1,600$8507
North Grove$2,240$75015

Cheapest Available Lake Wales Apartments for Rent

 

The cheapest available apartment rental in Lake Wales, FL is a 1 Bed unit found at Della Vita Apartments in the Cypress Grove neighborhood priced from $1,160. Georgetown Square Apartments in the Altadena neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,263. Here is today’s list of the most affordable Lake Wales apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Della Vita Apartments1 Bed 1 Bath1BR,1BA$1,160
Georgetown Square Apartments1 Bedroom1BR,1BA$1,263
Serenity at Lake WalesBliss1BR,1BA$1,290
Prose Cypress PointeA11BR,1BA$1,299
The Arbours at Garden GroveOne Bedroom/One Bath1BR,1BA$1,310

Best Value Apartments for Rent in Lake Wales, FL

As of July 26, 2026 the best value apartment in the Lake Wales area is the $1.93 price per square foot Haven Model at Serenity at Lake Wales in the in the Hart Lake Hills neighborhood starting from $2,225. The second greatest value Lake Wales apartment is the (C6A-2) Upstairs Model at Carlton Arms Of Winter Haven starting at $1,473 with a $1.28 price per square foot in the Cypress Grove neighborhood. Here is today’s list of the best values for Lake Wales apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Serenity at Lake WalesHaven2BR,2BA$1.93
Carlton Arms Of Winter Haven(C6A-2) Upstairs2BR,2BA$1.28
The Carlton at Lake DexterBerkeley1BR,1BA$1.41
The Arbours at Garden GroveOne Bedroom/One Bath1BR,1BA$1.48
Prose Cypress PointeA11BR,1BA$1.56
Alera at Hunters GlenA41BR,1BA$2.15
Della Vita Apartments1 Bed 1 Bath1BR,1BA$1.55
Georgetown Square Apartments1 Bedroom1BR,1BA$1.75
The Waverly at Winter HavenA31BR,1BA$2.32

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lake Wales

What type of rentals are currently available in Lake Wales?

There are currently 82 Apartments for Rent in Lake Wales, FL with pricing that ranges from $850 to $3,045. There are also 115 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Wales ranging from $600 to $4,500.

What is the current price range for Rental Homes in Lake Wales?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Wales ranges from $600 to $4,500 with an average monthly rent of $1,725.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.