Rent to Own Homes in Lake Wales, FL

Lake Wales is located almost in the center of the Florida peninsula, on the Lake Wales Ridge which is the highest land in the entire state. Even though it's not on the coast, it has its own lake, and is close enough to salt water to satisfy its approximately 12,000 residents. Lake Wales Ridge State Forest encompasses the sandy highlands and offers protection for many of Florida's rare plants and animals.

Lake Wales, FL is a great place for affordable rent-to-own homes! With a median household income of over $48,145 and a median rent of $883, the Lake Wales, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lake Wales, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out 300 Lake Wales, FL rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
164 Whitman Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Haven, FL 33884
1,502 Sqft | Built in 1965
Hot
361 Greenfield Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Haven, FL 33884
2,066 Sqft | Built in 1984
New
7401 Wisteria Ln
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Lake Wales, FL 33898
2,961 Sqft | Built in 1973
1 of 44 221 Aidans Lndg
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Haines City, FL 33844
2,019 Sqft | Built in 2018
3638 Dovetail Ln S
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Lakeland, FL 33812
1,325 Sqft | Built in 1985
Hot
1 of 30 313 Salamanca Rd
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Davenport, FL 33837
1,702 Sqft | Built in 2015
2116 Colonial Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Lakeland, FL 33801
Hot
1503 Tradewinds Ave
3 Beds, 1 Bath
Rent To Own
Crystal Lake
Single Family Home
Lakeland, FL 33801
1,046 Sqft | Built in 1962
Rent to own homes offer low monthly payments and flexible terms
1102 Sugartree Dr S
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Lakeland, FL 33813
3,016 Sqft | Built in 1985
747 Lakehurst St
3 Beds, 1 Bath
Rent To Own
Lakeshore
Single Family Home
Lakeland, FL 33805
1,068 Sqft | Built in 1948
New
1 of 15 2717 N Poinciana Blvd Apt 173
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Kissimmee, FL 34746
1,287 Sqft | Built in 1990
1 of 53 14501 Grove Resort Avenue # 1636
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Garden, FL 34787
1,396 Sqft | Built in 2016
6285 Halabrin Rd
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Haines City, FL 33844
4,210 Sqft | Built in 1984
266 Reese Ct
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Saint Cloud, FL 34769
1,380 Sqft | Built in 2020
1 of 22 2140 Heron Dr
2 Beds, 2 Baths
Rent To Own
Waverly
Multifamily (2 - 4 Units)
Lake Wales, FL 33859
1,176 Sqft | Built in 1994
1 of 18 4132 Dunmore Dr
3 Beds, 2 Baths
Rent To Own
Lake Ashton Golf Club
Single Family Home
Lake Wales, FL 33859
2,093 Sqft | Built in 2003
New
1 of 6 139 Martha Dr
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Lake Wales, FL 33898
1,125 Sqft | Built in 1980
1 of 15 11503 State Rd. 60e.
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Lake Wales, FL 33898
2,330 Sqft | Built in 2019
1 of 79 5410 W Lake Wales Alturas Road
3 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Alturas, FL 33820
4,530 Sqft | Built in 1973
Hot New
1 of 6 725 Drawdy Rd
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Babson Park, FL 33827
1,215 Sqft | Built in 1964
1 of 24 330 Lake Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Babson Park, FL 33827
2,255 Sqft | Built in 1987
1 of 9 512 Pebble Springs Court Cypress Woods
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Winter Haven, FL 33884
1,773 Sqft | Built in 1993
Hot
1 of 7 4712 Summerfield Cir
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Haven, FL 33881
2,870 Sqft | Built in 2007
1 of 16 2121 9th Street SE
4 Beds, 4 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Winter Haven, FL 33884
3,140 Sqft | Built in 1993
1 of 19 148 Columbia Dr
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Poinciana, FL 34759
2,530 Sqft | Built in 2006
1 of 25 1970 8th Ter SE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Haven, FL 33880
1,519 Sqft | Built in 1957
1 of 27 18 Huntley Ct
2 Beds, 2 Baths
Rent To Own
Grenelefe Country Club
Single Family Home
Haines City, FL 33844
1,538 Sqft | Built in 1985
1 of 12 2201 Avenue F NW
5 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Haven, FL 33880
1,872 Sqft | Built in 1925
1 of 20 1102 La Costa Lane West, Four Lakes Golf Club
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Winter Haven, FL 33881
1,820 Sqft | Built in 2000
1 of 12 273 Fairway Drive
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Winter Haven, FL 33881
1,045 Sqft | Built in 1987
Hot
1 of 31 205 36th St NW
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Winter Haven, FL 33880
1,876 Sqft | Built in 1964
507 Victoria Blvd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Auburndale, FL 33823
1,056 Sqft | Built in 1959
411 Thomas Ave
3 Beds, 2 Baths
Rent To Own
Sun Ray Homes
Single Family Home
Frostproof, FL 33843
1,114 Sqft | Built in 1962
Hot
1 of 22 1202 Valencia Ln
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Auburndale, FL 33823
1,659 Sqft | Built in 1989
1 of 31 201 Torino Ln
2 Beds, 2 Baths
Rent To Own
Solivita
Single Family Home
Poinciana, FL 34759
1,556 Sqft | Built in 2005
1 of 60 339 Wgto Tower Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Lake Alfred, FL 33850
2,042 Sqft | Built in 1999
1 of 33 2704 Rooks Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Davenport, FL 33837
2,542 Sqft | Built in 1991
Hot
1 of 13 1145 Lisa Ln
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Bartow, FL 33830
2,162 Sqft | Built in 1975
Hot
1 of 26 1627 Taylor Landing Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Bartow, FL 33830
1,954 Sqft | Built in 2012
1 of 21 317 Golf Crest Lane
2 Beds, 1 Bath
Rent To Own
 
Multifamily (2 - 4 Units)
Davenport, FL 33837
1,000 Sqft | Built in 1979
Hot
1 of 5 406 North Blvd W
3 Beds, 3 Baths
Rent To Own
North Shore
Single Family Home
Davenport, FL 33837
2,610 Sqft | Built in 1967
1 of 12 454 Hunter Cir
3 Beds, 2.5 Baths
Rent To Own
Coopersmith Village
Townhouse/Condo
Kissimmee, FL 34758
1,586 Sqft | Built in 1986
Hot
1 of 13 910 W Clower St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Bartow, FL 33830
1,024 Sqft | Built in 1997
1 of 48 57 High Vista Dr
3 Beds, 2 Baths
Rent To Own
Ridgewood Lakes Village
Single Family Home
Davenport, FL 33837
1,776 Sqft | Built in 1998
Sponsored Link

More Lake Wales, FL Property Resources

Rent to Own Homes in Cities Near Lake Wales, FL

Browse all rent to own homes in Florida

Popular Zip Codes in Lake Wales, FL

33853 rent to own homes

Buying a Home in Lake Wales, FL

Lake Wales, FL is seeing rapid growth and Lake Wales, FL's' housing market remains optimal with an average home price that is -17% below the 2022 national average. Lake Wales, FL is part of Polk county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Polk is 0.9% which is below the national average, which is 0.99%.

Median Home Price in Lake Wales, FL

Median Rent in Lake Wales, FL

Rent to own homes offer low monthly payments and flexible terms

Top 7 Reasons to Move to Lake Wales, FL

Bok Tower Gardens! Whimsical Bok Tower Gardens is the pride of Lake Wales. The Singing Tower, built on the highest hill in the area by Pulitzer Prize winning author Edward William Bok as a bird sanctuary, was dedicated by President Calvin Coolidge in 1929. The clock tower carillons play two concerts each day, and its bells are heard every half hour. The mansion and grounds are open to the public, and today, the gardens are a favorite spot for weddings.

A shopper's paradise! A wide variety of small retail shops and regional businesses dot the town, while the Eagle Ridge Mall houses modern department stores. The Main Street program promotes local endeavors like Treasured Friends Gift Shop and Camp Mack's River Resort.

Reasonable housing! Lake Wales home prices have risen 16.1 percent over the past year, and predictions are for another increase of almost five percent next year. The median home value is $105,100, and home prices are considered reasonable for the area. Look for rent to own property with large, well-tended yards on pleasant residential streets. If you rent a house in the City Center neighborhood, you can walk to the twice monthly Farmers Market and to the Fourth Saturday Car Show.

Financial benefits! Lake Wales has a very reasonable cost of living. The property tax rate is one of the lowest in the country, with the annual bill on a $200,000 home less than $2,000. This small town with a population of about 12,000 is known as a friendly place. Be sure to visit The Grove House to sample local citrus juices, and then head out to Spook Hill, where it is said you can watch cars roll uphill!

Central location! Lake Wales is only about a 90-minute drive from Disney World, but there's plenty to do right here, including all-season skydiving at the Florida Skydiving Center and the historic Chalet Suzanne.

Comfortable lifestyle! The Depot Museum and Cultural Center, a distinctive pink stucco and brick rail station built in 1928, will tell you all about Lake Wales History. But, if you'd rather be outdoors, you can walk, run or bike along more than two-mile paved path known as the Lake Wales Trailway.

Art and architecture! The Lake Wales Arts Council sponsors a community art show every spring. A self-guided walking tour highlights distinctive architecture of homes and buildings constructed during the past century. Many of the buildings are listed on historic registers. If you have dreams of being on stage, become involved with the Lake Wales Little Theatre, which schedules live productions throughout the year.

Lake Wales, FL Frequently Asked Questions

Lake Wales, FL has a walk score of

Lake Wales, FL has a bike score of

The state tax rate is 0% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
Browse Rent-to-Own Locations Below
Browse All Rent to Own Listings