Cheap Apartments for Rent in Altoona, FL from $500 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Altoona.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Cove at Lady Lake
Rent Specials
$1,149 - $1,665
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $1,665
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Cove at Lady Lake

735 S Us-27 HwyLady Lake, FL 32159
Family Friendly
  • Verified
  • Utilities Included
  • Low Income

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Valencia Grove II
1 to 2 Bedroom Apartments

Valencia Grove II

2751 Dillard RdEustis, FL 32726
Senior Living

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Courtyards
1 to 2 Bedroom Apartments

The Courtyards

345 N Dewey StEustis, FL 32726
Corporate Housing
Showing Results 1-26, Page 1 of 1

Altoona, FL Local Guide

Cheapest Available Altoona Apartments for Rent and Nearby

 

The cheapest available apartment rental in Altoona, FL is a 1 Bed unit found at The Parkview Apartments in the Inwood Heights neighborhood priced from $995. Tanglewood Apartment Homes in the Inwood Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Altoona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Parkview Apartments1 Bed, 1 bath1BR,1BA$995
Tanglewood Apartment Homes1 Bedroom/1 Bath1BR,1BA$1,049
Valencia GroveA11BR,1BA$1,065
Arbours at Silver LakeONE BEDROOM1BR,1BA$1,075
Blueberry HillOne Bed One Bath Standard1BR,1BA$1,090
Mount Dora Apartment Homes1 Bed, 1 Bath1BR,1BA$1,099
Saunders Lakefront LivingSerenityStudio,1BA$1,099
Lake Sumter Apartment HomesOne Bedroom One Bath (b)1BR,1BA$1,122
Cove at Lady LakeOne Bedroom One Bath1BR,1BA$1,149
Rolling Acres ApartmentsOne Bedroom One Bath (b)1BR,1BA$1,159

Best Value Apartments for Rent in Altoona, FL and Nearby

As of May 25, 2026 the best value apartment in the Altoona area is the $1.07 price per square foot Three Bedroom Townhome Model at Lake Tavares Townhomes in the in the Inwood Heights neighborhood starting from $2,295. The second greatest value Altoona apartment is the Three Bedroom Two Bath Model at Club at Eustis starting at $1,749 with a $1.45 price per square foot in the Inwood Heights neighborhood. Here is today’s list of the best values for Altoona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lake Tavares TownhomesThree Bedroom Townhome3BR,2.5BA$1.07
Club at EustisThree Bedroom Two Bath3BR,2BA$1.45
Lakeside Retreat at 27Three Bedroom Two Bath3BR,2BA$1.35
Carmendy Square ApartmentsAshford2BR,1.5BA$1.22
Oakleaf Village ApartmentsThe Osprey w/Garage2BR,2BA$1.44
Bristol Park ApartmentsSerenity1BR,1BA$1.53
Laurel Oaks2bedroom/2bathroom2BR,2BA$1.18
Atwater ApartmentsLake Huron (Dining/Office) - First Floor1BR,1BA$1.55
Rolling Acres ApartmentsOne Bedroom One Bath (b)1BR,1BA$1.36
Arbours at Silver LakeONE BEDROOM1BR,1BA$1.29

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Altoona, FL Rentals by Map

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Frequently Asked Questions about Cheap Altoona Apartments

What is the Cheapest Studio apartment in Altoona?

Currently the most affordable Cheap Studio Apartment in Altoona is at Saunders Lakefront Living listed at $1,099.

How much is rent for a Cheap One Bedroom Altoona Apartment?

The lowest price for a Cheap One Bedroom Altoona Apartment is $995 at The Parkview Apartments.

What is the lowest price for a Cheap Two Bedroom Altoona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Altoona is starting from $1,095 at The Parkview Apartments.

What is the most affordable Altoona Three Bedroom Apartment?

The best deal on a cheap Altoona Three Bedroom Apartment rental is at The Parkview Apartments and starts from $1,295.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.