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13 Cheap Apartments for rent in Lakeland, FL

Last updated September 22 at 7:10pm UTC
Sutton Place
3150 Pyramid Park
Lakeland, FL
Updated September 21 at 10:37am UTC
Studio
$735
1 Bedroom
$850
1122 Mercury Dr W
Lakeland
Lakeland, FL
Updated September 22 at 6:45pm UTC
2 Bedrooms
$695
936 E Lime St
East Lake Morton
Lakeland, FL
Updated September 19 at 7:09pm UTC
1 Bedroom
$595
1102 N Marion Ave
Jewel Avenue
Lakeland, FL
Updated September 15 at 6:10pm UTC
1 Bedroom
$625
911 N. Iowa Ave Apartment 3
Parker Street
Lakeland, FL
Updated September 12 at 11:21am UTC
2 Bedrooms
$775
919 N Iowa Avenue Apartment 3
Parker Street
Lakeland, FL
Updated September 8 at 9:45am UTC
2 Bedrooms
$775
2617 Crutchfield Rd.
Lakeland
Lakeland, FL
Updated August 29 at 9:56am UTC
2 Bedrooms
$750
Results within 10 miles of Lakeland, FL
2500 US-92
Winter Haven
Winter Haven, FL
Updated September 22 at 6:32pm UTC
1 Bedroom
$650
995 BEE AVENUE
Bartow
Bartow, FL
Updated September 19 at 5:30am UTC
1 Bedroom
$700
325 W PIERCE STREET
Lake Alfred
Lake Alfred, FL
Updated September 18 at 12:57pm UTC
2 Bedrooms
$750
205 W Pierce St
Downtown Lake Alfred
Lake Alfred, FL
Updated September 15 at 6:13pm UTC
2 Bedrooms
$725
2450 US-92
Winter Haven
Winter Haven, FL
Updated September 6 at 1:49am UTC
1 Bedroom
$675

September 2018 Lakeland Rent Report

Welcome to the September 2018 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

September 2018 Lakeland Rent Report

Welcome to the September 2018 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 increase sharply over the past month

Lakeland rents have increased 0.6% over the past month, and are up moderately by 2.6% in comparison to the same time last year. Currently, median rents in Lakeland stand at $810 for a one-bedroom apartment and $1,050 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in June. Lakeland's year-over-year rent growth leads the state average of 1.7%, as well as the national average of 1.0%.

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, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.7% 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 $2,400; of the 10 largest cities in the state that we have data for, Cape Coral, where a two-bedroom goes for $1,130, is the only major city to see rents fall year-over-year (-1.4%).
  • Orlando, Tampa, and Hialeah have all experienced year-over-year growth above the state average (5.3%, 3.5%, and 2.7%, respectively).

Lakeland rents more affordable than many large cities nationwide

As rents have increased moderately 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 $1,050 is below the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 2.6% rise in Lakeland.
  • While Lakeland's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.5%).
  • Renters will find more reasonable prices in Lakeland than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.