Cheap Apartments for Rent in the Downtown Lakeland Neighborhood of Lakeland, FL from $300 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Lakeland area of Lakeland.

property at 1138 Olive St

$900 - $1,350

1 To 2 Bedroom Rentals

Available Now

1138 Olive St

LakelandFL33815

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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Lakeview Place
Studio to 1 Bedroom Apartments

Lakeview Place

515 E Orange StLakeland, FL 33801
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Twin Lakes Estates I
1 to 2 Bedroom Apartments

Twin Lakes Estates I

501 Hartsell AveLakeland, FL 33815
Senior Living

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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916 E Lime St
1 to 2 Bedroom Apartments

916 E Lime St

916 E Lime StLakeland, FL 33801

Downtown Lakeland, Lakeland, FL Local Guide

Best Value Apartments for Rent in Downtown Lakeland, FL

As of February 21, 2026 the best value apartment in the Downtown Lakeland area is the $1.93 price per square foot C1 Model at Prospect Lake Wire Apartments in the in the Lakeland Interstate Business Park neighborhood starting from $2,606. The second greatest value Downtown Lakeland apartment is the 2 Bedroom 1 Bath - B15R Model at Lakeland Manor Apartment Homes starting at $1,280 with a $1.62 price per square foot in the Bradford Heights neighborhood. Here is today’s list of the best values for Downtown Lakeland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Prospect Lake Wire ApartmentsC13BR,2BA$1.93
Lakeland Manor Apartment Homes2 Bedroom 1 Bath - B15R2BR,1.5BA$1.62
Mirrorton Apartments0AStudio ,1BA$2.98
Lake Mirror Tower ApartmentsFloorplan M1BR,1BA$2.78
NOBAY ApartmentsInterior StudioStudio ,1BA$2.47
The Gardens ApartmentsFloor Plan H1BR,1BA$2.49

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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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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Quick Rent Budget Calculator

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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Pet Friendly Lifestyle
Downtown Lakeland, Lakeland, FL

Ranked #38

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.