Cheap Apartments for Rent in the Downtown Lakeland Neighborhood of Lakeland, FL from $300 (34 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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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

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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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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Royal Oak Apartments
1 to 2 Bedroom Apartments

Royal Oak Apartments

923 E Lemon StLakeland, 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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Showing Results 1-34, 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 1 Bed unit found at Lakeland Manor Apartment Homes priced from $999. 132-988 E Palmetto St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. 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
132-988 E Palmetto St1 Beds, 1 Baths1BR,1BA$1,100
620 N Lake Ave2 Beds, 1 Baths2BR,1BA$1,100
The Gardens ApartmentsFloor Plan H1BR,1BA$1,173
704-732 Angelina Ln1 Beds, 1 Baths1BR,1BA$1,225
Twin Lakes Estates IIThree Bedroom3BR,2BA$1,258
Lake Mirror Tower ApartmentsFloorplan J1BR,1BA$1,459
Prospect Lake Wire ApartmentsS1Studio,1BA$1,569

Best Value Apartments for Rent in Downtown Lakeland, FL

As of July 08, 2026 the best value apartment in the Downtown Lakeland area is the $1.45 price per square foot Interior 2 Bedroom Model at NOBAY Apartments in the in the Lakeland Interstate Business Park neighborhood starting from $1,712. The second greatest value Downtown Lakeland apartment is the Three Bedroom Model at Twin Lakes Estates II starting at $1,258 with a $1.15 price per square foot in the Washington 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.
NOBAY ApartmentsInterior 2 Bedroom2BR,2BA$1.45
Twin Lakes Estates IIThree Bedroom3BR,2BA$1.15
132-988 E Palmetto St1 Beds, 1 Baths1BR,1BA$1.10
Lakeland Manor Apartment Homes2 Bedroom 1 Bath - B15R2BR,1.5BA$1.62
620 N Lake Ave2 Beds, 1 Baths2BR,1BA$1.45
704-732 Angelina Ln1 Beds, 1 Baths1BR,1BA$2.02
Lake Mirror Tower ApartmentsFloorplan K1BR,1BA$2.74
717 Angelina Ln, Unit 717 Angelina Lane717 Angelina Ln1BR,1BA$2.36
715 Angelina Ln, Unit 715 Angelina Lane715 Angelina Ln1BR,1BA$2.38
The Gardens ApartmentsFloor Plan H1BR,1BA$2.40

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 #37

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 a cheap apartment in Downtown Lakeland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lakeland is under $1,569.

What is the price of a cheap apartment in Downtown Lakeland?

The cheapest apartment in Downtown Lakeland is Lakeland Manor Apartment Homes which is listed at $999, while the average apartment in Downtown Lakeland costs $1,955.

What types of apartments are the cheapest in Downtown Lakeland?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Downtown Lakeland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.