Lakeland, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lakeland, Florida rental market.
Lakeland, Florida
Average Apartment Rent
$1,530
Y-o-Y Change in Average
Apartment Rent
-0.8%
As of May 2026
Compared to a year ago, Lakeland, Florida apartments have recorded a -0.8% rent decrease.
Lakeland, Florida Average apartment rent trend
Lakeland, Florida Average Apartment Rent
Lakeland, Florida Apartment rent ranges
At 52.8%, apartments priced $1,500 - $2,000 represent the bulk of Lakeland, Florida rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.13%.
Lakeland, Florida Housing tenure**
Renters take up 45% of Lakeland, Florida real estate, occupying a total of 20,015 units, while homeowners live in 24,308 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$48,717
Average household size of renter-occupied housing units**
2.4
Rental vacancy rate**
7.3%
Lakeland, Florida Renter-occupied housing units by no. of bedrooms**
There are 9,292 rentals in Lakeland, Florida with 2 beds making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 877 units. Overall, the median number of rooms in Lakeland, Florida homes for rent is 4.3.
Lakeland, Florida Renter-occupied units by age of householder**
Most condos for rent in Lakeland, Florida are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Lakeland, Florida Renter-occupied housing units by family type**
Lakeland, Florida Renter-occupied housing units by the presence of own children**
A total of 10,541 apartments for rent in Lakeland, Florida, or 53% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 5,603 units. All in all, the median size of a renter-occupied household in Lakeland, Florida is 2.4.
Lakeland, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Lakeland, Florida.
Lakeland, Florida Renter-occupied units by year structure built**
The highest share of Lakeland, Florida apartment rentals, namely 19% or 3,775 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (18%, 3,680 units), and the ones Built 1970 - 1979 (18%, 3,659 units).
Lakeland, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Lakeland, Florida renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lakeland, Florida condos for rent is 2017.
Lakeland, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Lakeland, Florida renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 12% have No vehicle available.
Lakeland, Florida Means of transportation to work of householders living in renter-occupied housing units**
Lakeland, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lakeland, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
