33 Cheap Apartments for rent in Lakeland, FL

Last updated November 23 at 8:08pm UTC
116 Walnut St. W.
Dixieland
Lakeland, FL
Updated November 23 at 12:25pm UTC
1 Bedroom
$750
1549 N Lake Howard Dr
Haven Shores
Winter Haven, FL
Updated November 23 at 5:30pm UTC
1 Bedroom
$600
Results within 10 miles of Lakeland, FL
2500 US-92
Winter Haven
Winter Haven, FL
Updated November 23 at 5:26pm UTC
1 Bedroom
$650
3075 Saint Paul Drive
Winter Haven
Winter Haven, FL
Updated October 19 at 10:22am UTC
2 Bedrooms
$750
2450 US-92
Winter Haven
Winter Haven, FL
Updated November 16 at 12:33pm UTC
1 Bedroom
$675
Results within 20 miles of Lakeland, FL
11614 Cantebury Dr
Seffner
Seffner, FL
Updated September 26 at 3:45am UTC
2 Bedrooms
$725
1221 N Valrico Rd Lot 47
Valrico
Valrico, FL
Updated November 23 at 12:13pm UTC
2 Bedrooms
$750
271 Caribbean Dr. Lockout
Highlands Reserve
Davenport, FL
Updated November 15 at 11:43am UTC
1 Bedroom
$700
1221 N Valrico Rd Lot 54
Valrico
Valrico, FL
Updated November 23 at 12:13pm UTC
2 Bedrooms
$700
8020 N 13th St
Sulphur Springs
Tampa, FL
Updated November 23 at 5:50pm UTC
2 Bedrooms
$750
15860 Martha Cir
Lutz
Lutz, FL
Updated September 26 at 3:48am UTC
2 Bedrooms
$765
11605 Galway Rd
Seffner
Seffner, FL
Updated September 26 at 3:41am UTC
2 Bedrooms
$700
15825 Martha Cir
Lutz
Lutz, FL
Updated September 26 at 3:48am UTC
2 Bedrooms
$765
N Marion Ave
Jewel Avenue
Lakeland, FL
Updated November 16 at 8:51am UTC
1 Bedroom
$595
Old Road 37
Lakeland
Lakeland, FL
Updated November 4 at 7:20am UTC
1 Bedroom
$595
Tennis Way
Grenelefe Country Club
Haines City, FL
Updated November 2 at 7:43am UTC
1 Bedroom
$700
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November 2017 Lakeland Rent Report

Welcome to the November 2017 Lakeland Rent Report. Lakeland rents increased over the past month. In this report, we'll evaluate trends in the Lakeland rental market, including comparisons to cities throughout the state and nation.

View full Lakeland Rent Report
Rent Report
Lakeland

November 2017 Lakeland Rent Report

Welcome to the November 2017 Lakeland Rent Report. Lakeland rents increased over the past month. In this report, we'll evaluate trends in the Lakeland rental market, including comparisons to cities throughout the state and nation.

Lakeland rents increased over the past month

Lakeland rents have increased 0.1% over the past month, and are up significantly by 5.5% in comparison to the same time last year. Currently, median rents in Lakeland stand at $790 for a one-bedroom apartment and $1,030 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in August. Lakeland's year-over-year rent growth leads the state average of 3.5%, as well as the national average of 2.7%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Lakeland, but across the entire state. Of the largest 10 cities that we have data for in Florida, 9 of them have seen prices rise. The state as a whole logged rent growth of 3.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,380; of the 10 largest cities in the state that we have data for, Miami, where a two-bedroom goes for $1,350, is the only major city to see rents fall year-over-year (-0.2%).
  • Orlando, St. Petersburg, and Port St. Lucie have all experienced year-over-year growth above the state average (6.4%, 5.8%, and 5.8%, respectively).

Lakeland rents more affordable than many large cities nationwide

As rents have increased significantly in Lakeland, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Lakeland is still more affordable than most large cities across the country.

  • Lakeland's median two-bedroom rent of $1,030 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.5% rise in Lakeland.
  • While Lakeland's rents rose significantly over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • Renters will find more reasonable prices in Lakeland than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three times the price in Lakeland.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.