Cheap Apartments for Rent in the Downtown Lakeland Neighborhood of Lakeland, FL from $315 (36 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Lakeview Place
Studio to 1 Bedroom Apartments

Lakeview Place

515 E Orange StLakeland, FL 33801
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620 N Lake Ave
2 Bedroom Apartments

620 N Lake Ave

620 N Lake AveLakeland, FL 33801
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916 E Lime St
1 to 2 Bedroom Apartments

916 E Lime St

916 E Lime StLakeland, FL 33801

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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NOBAY Apartments
Studio to 2 Bedroom Apartments

NOBAY Apartments

311 N Kentucky AveLakeland, FL 33801
  • Utilities Included
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Royal Oak Apartments
1 to 2 Bedroom Apartments

Royal Oak Apartments

923 E Lemon StLakeland, FL 33801
  • Utilities Included

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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Showing Results 1-36, Page 1 of 1

Downtown Lakeland, Lakeland, FL Local Guide

Cheapest Available Downtown Lakeland Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lakeland area of Lakeland, FL is a 2 Beds unit found at 620 N Lake Ave priced from $1,050. Lakeland Manor Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Downtown Lakeland apartments for rent in Lakeland, FL:

Apartment ListingModel NameBed/BathPriced From
620 N Lake Ave2 Beds, 1 Baths2BR,1BA$1,050
Lakeland Manor Apartment Homes1 Bedroom 1 Bath - A1R1BR,1BA$1,099
The Gardens ApartmentsFloor Plan A1BR,1BA$1,167
704-732 Angelina Ln1 Beds, 1 Baths1BR,1BA$1,175
The Bungalows At South Johnson1BR/1.0BA1BR,1BA$1,250
NOBAY ApartmentsInterior StudioStudio,1BA$1,267
Prospect Lake Wire ApartmentsS1Studio,1BA$1,434
Lake Mirror Tower ApartmentsFloorplan N1BR,1BA$1,491
Mirrorton Apartments0AStudio,1BA$1,499

Best Value Apartments for Rent in Downtown Lakeland, FL

As of August 23, 2026 the best value apartment in the Downtown Lakeland area is the $1.62 price per square foot 2 Bedroom 1 Bath - B15R Model at Lakeland Manor Apartment Homes in the in the Honeytree neighborhood starting from $1,280. The second greatest value Downtown Lakeland apartment is the 2 Beds, 1 Baths Model at 620 N Lake Ave starting at $1,050 with a $1.38 price per square foot in the Lakeland Interstate Business Park 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.
Lakeland Manor Apartment Homes2 Bedroom 1 Bath - B15R2BR,1.5BA$1.62
620 N Lake Ave2 Beds, 1 Baths2BR,1BA$1.38
321 W Patterson St, Unit 323321 W Patterson St2BR,1BA$1.79
Lake Mirror Tower ApartmentsFloorplan N1BR,1BA$2.44
704-732 Angelina Ln1 Beds, 1 Baths1BR,1BA$1.94
119 Lake Morton Drive, Unit #3119 Lake Morton Drive1BR,1BA$2.66
Mirrorton Apartments0B.1Studio ,1BA$2.95
NOBAY ApartmentsEnd StudioStudio ,1BA$2.50
Prospect Lake Wire ApartmentsS1Studio ,1BA$2.58
The Gardens ApartmentsFloor Plan A1BR,1BA$2.33

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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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 #41

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Lakeland Apartments

What is the Cheapest Studio apartment in Downtown Lakeland?

Currently the most affordable Cheap Studio Apartment in Downtown Lakeland is at NOBAY Apartments listed at $1,267.

How much is rent for a Cheap One Bedroom Downtown Lakeland Apartment?

The lowest price for a Cheap One Bedroom Downtown Lakeland Apartment is $1,099 at Lakeland Manor Apartment Homes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lakeland is starting from $1,050 at 620 N Lake Ave.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.