Cheap Apartments for Rent in the Downtown Lakeland Neighborhood of Lakeland, FL from $300 (25 Rentals)

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

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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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

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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916 E Lime St
1 to 2 Bedroom Apartments

916 E Lime St

916 E Lime StLakeland, FL 33801

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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NOBAY Apartments
Studio to 2 Bedroom Apartments

NOBAY Apartments

311 N Kentucky AveLakeland, FL 33801
  • Utilities Included

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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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 1 Bed unit found at Lakeland Manor Apartment Homes priced from $999. The Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,191. Here are the most affordable Downtown Lakeland apartments for rent in Lakeland, FL:

Apartment ListingModel NameBed/BathPriced From
Lakeland Manor Apartment Homes1 Bedroom 1 Bath - A11BR,1BA$999
The Gardens ApartmentsFloor Plan H1BR,1BA$1,191
NOBAY ApartmentsEnd StudioStudio,1BA$1,297
Lake Mirror Tower ApartmentsFloorplan M1BR,1BA$1,299
Mirrorton Apartments0AStudio,1BA$1,546

Best Value Apartments for Rent in Downtown Lakeland, FL

As of May 24, 2026 the best value apartment in the Downtown Lakeland area is the $1.75 price per square foot 1149 Sycamore St Model at 1149 Sycamore St, Unit 1149 in the in the Washington neighborhood starting from $1,700. The second greatest value Downtown Lakeland apartment is the A4 Model at Prospect Lake Wire Apartments starting at $1,939 with a $2.27 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.
1149 Sycamore St, Unit 11491149 Sycamore St2BR,2BA$1.75
Prospect Lake Wire ApartmentsA41BR,1BA$2.27
Lakeland Manor Apartment Homes2 Bedroom 1 Bath - B15R2BR,1.5BA$1.62
NOBAY ApartmentsEnd StudioStudio ,1BA$2.30
Lake Mirror Tower ApartmentsFloorplan L1BR,1BA$2.55
Mirrorton Apartments0AStudio ,1BA$2.89
The Gardens ApartmentsFloor Plan H1BR,1BA$2.44

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 #36

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

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

The lowest price for a Cheap One Bedroom Downtown Lakeland Apartment is $999 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 $1,180 at Lakeland Manor Apartment Homes.

What is the most affordable Downtown Lakeland Three Bedroom Apartment?

The best deal on a cheap Downtown Lakeland Three Bedroom Apartment rental is at Mirrorton Apartments and starts from $2,199.

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.