
Cheap Apartments for Rent in the Myrtlewood Neighborhood of Lakeland, FL from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Myrtlewood area of Lakeland.


Carlton Arms of North Lakeland

3215 Baird Ave, Unit C-20

Sutton Place

3215 Baird Ave, Unit N-97

3215 Baird Ave, Unit L-82

Reserve at Lakeland Apartment Homes
Rent According to Income: A Look at Income-Restricted Rentals
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The Preserve at Lakeland Hills Apartments

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Arbor Glen Apartments

Sunset Lakes

Audubon Oaks

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7665 Chase Rd, Unit 2

The Loop at Wedgewood

Furnished Studio-Lakeland
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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Aberdeen Luxury Apartments

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The Retreat at Lakeland

204 Leelon Rd

Providence Reserve

Cambridge Cove

Banyan Reserve Senior Apartments

Griffin Park Apartments
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.

4982 Foxwood Lake Dr

141 Fernery Rd

Kathleen Pointe Apartments

708 Boyd Ct

6031 Crafton Dr

The Park at Palazzo

Big Oaks
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.

Lakeland Landing Apartments
Myrtlewood, Lakeland, FL Local Guide

How much does it cost to rent an apartment in Myrtlewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Myrtlewood Studio Apartments | $1,196 | $923 | $2,099 |
| Myrtlewood 1 Bedroom Apartments | $1,424 | $790 | $1,815 |
| Myrtlewood 2 Bedroom Apartments | $1,691 | $1,100 | $2,050 |
| Myrtlewood 3 Bedroom Apartments | $1,988 | $1,704 | $2,355 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Myrtlewood Neighborhood of Lakeland, FL.
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Myrtlewood, Lakeland, FL Local Guide
- Nearby Lakeland neighborhoods
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Cheapest Available Myrtlewood Apartments for Rent
 The cheapest available apartment rental in the Myrtlewood area of Lakeland, FL is a Studio unit found at Sutton Place priced from $1,085. Carlton Arms of North Lakeland has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. Here are the most affordable Myrtlewood apartments for rent in Lakeland, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sutton Place | Studio One Bath Open | Studio,1BA | $1,085 |
| Carlton Arms of North Lakeland | S2 Upstairs | 1BR,1BA | $1,185 |
| Reserve at Lakeland Apartment Homes | Rimini | 1BR,1BA | $1,199 |
| The Preserve at Lakeland Hills Apartments | Dali | 1BR,1BA | $1,249 |
| Arbor Glen Apartments | Monterey | 1BR,1BA | $1,314 |
| Sunset Lakes | 1 BR / 1 BA - Wren | 1BR,1BA | $1,344 |
| The Park at Palazzo | Messina | 1BR,1BA | $1,345 |
| Audubon Oaks | ROYAL OAK | 1BR,1BA | $1,360 |
| Big Oaks | B1 | 2BR,2BA | $1,395 |
Best Value Apartments for Rent in Myrtlewood, FL
As of July 30, 2026 the best value apartment in the Myrtlewood area is the $1.39 price per square foot C1 Model at Gibson Oaks in the in the Bradford Heights neighborhood starting from $1,850. The second greatest value Myrtlewood apartment is the B2 Model at Big Oaks starting at $1,488 with a $1.54 price per square foot in the Lakeland Interstate Business Park neighborhood. Here is today’s list of the best values for Myrtlewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gibson Oaks | C1 | 3BR,2BA | $1.39 |
| Big Oaks | B2 | 2BR,2BA | $1.54 |
| The Park at Palazzo | Messina | 1BR,1BA | $1.48 |
| Lakeland Landing Apartments | 2 Bedrrom 2 Bath Apartment Home with 872 Square... | 2BR,2BA | $1.76 |
| Audubon Oaks | ROYAL OAK | 1BR,1BA | $1.56 |
| Arbor Glen Apartments | Napa | 1BR,1BA | $1.67 |
| The Retreat at Lakeland | A1 | 1BR,1BA | $1.85 |
| The Preserve at Lakeland Hills Apartments | Dali | 1BR,1BA | $1.72 |
| The Loop at Wedgewood | 1 Bed 1 Bath | 1BR,1BA | $2.00 |
| Sunset Lakes | 1 BR / 1 BA - Wren | 1BR,1BA | $2.01 |
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.
Read ArticleReal 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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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.
Pet Friendly LifestyleMyrtlewood, Lakeland, FL
Ranked #18
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Myrtlewood, Lakeland, FL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities and towns across the United States, including Lakeland. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, places to raise kids, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Myrtlewood Apartments
What is the Cheapest Studio apartment in Myrtlewood?
Currently the most affordable Cheap Studio Apartment in Myrtlewood is at Sutton Place listed at $1,085.
How much is rent for a Cheap One Bedroom Myrtlewood Apartment?
The lowest price for a Cheap One Bedroom Myrtlewood Apartment is $1,185 at Carlton Arms of North Lakeland.
What is the lowest price for a Cheap Two Bedroom Myrtlewood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Myrtlewood is starting from $1,330 at Sutton Place.
What is the most affordable Myrtlewood Three Bedroom Apartment?
The best deal on a cheap Myrtlewood Three Bedroom Apartment rental is at Sunset Lakes and starts from $1,704.
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

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.

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.

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.

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.