Cheap Apartments for Rent in the Magnolia Island Neighborhood of Clermont, FL from $1,500 (4 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia Island area of Clermont.

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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15992 W Colonial Dr
Studio to 1 Bedroom Apartments

15992 W Colonial Dr

15992 W Colonial DrOakland, FL 34787

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.

Magnolia Island, Clermont, FL Local Guide

Best Value Apartments for Rent in Magnolia Island, FL

As of October 25, 2025 the best value apartment in the Magnolia Island area is the $2.05 price per square foot A3 Model at Skyline at Westfall Station in the in the Deer Island neighborhood starting from $1,814. The second greatest value Magnolia Island apartment is the Sincerely | 1 Bed | 1 Bath Model at Klara Apartments starting at $1,874 with a $2.23 price per square foot in the Lincoln Park neighborhood. Here is today’s list of the best values for Magnolia Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skyline at Westfall StationA31BR,1BA$2.05
Klara ApartmentsSincerely | 1 Bed | 1 Bath1BR,1BA$2.23
AVENUE ON OAKLANDA1 (Palm)1BR,1BA$2.10
Advenir at Castle HillHamlin1BR,1BA$2.45
Broadstone OverlandsA11BR,1BA$2.60

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Magnolia Island, Clermont, FL

Ranked #32

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Magnolia Island Neighborhood in Clermont, FL

Bike Score®

12 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Magnolia Island Apartments

How much is rent for a Cheap One Bedroom Magnolia Island Apartment?

The lowest price for a Cheap One Bedroom Magnolia Island Apartment is $1,665 at AVENUE ON OAKLAND.

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

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia Island is starting from $1,938 at AVENUE ON OAKLAND.

What is the most affordable Magnolia Island Three Bedroom Apartment?

The best deal on a cheap Magnolia Island Three Bedroom Apartment rental is at Skyline at Westfall Station and starts from $2,399.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Darla Ferrara

For many, Orlando is the place where you vacation, not live. However, this city, located in the central region of Florida, offers a vibrant tech community, plenty of outdoor activities, and some of the best schools in the country.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.