Lakeland has one of Florida’s smallest major multifamily markets with just under 35,000 units. The region’s population has grown significantly over the past five years, increasing by nearly 20% or 140,000 new residents, fueling robust demand for multifamily housing.
CoStar Insight
This Central Florida multifamily market punches above its weight for rental demand
Lakeland, Florida, has one of the strongest rates of renter demand in the state
CoStar Analytics
January 8, 2026 | 3:06 P.M.
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