Cheap Homes for Rent in Downtown Orlando Neighborhood of Orlando, FL from $700 (71 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Orlando area of Orlando.

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 304 E South St

304 E South St

OrlandoFL32801

Downtown Orlando - One of the Best Affordable Neighborhoods in Orlando

Named as one of the Best Affordable Areas to rent in Orlando by our , Local Expert Darla Ferrara. See how it ranks!

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Downtown Orlando, Orlando, FL Local Guide

Cheapest Available Downtown Orlando Apartments for Rent

 

The cheapest available apartment rental in the Downtown Orlando area of Orlando, FL is a Studio unit found at Palmetto at Lakeside priced from $935. RICHARD ALLEN GARDENS has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,080. Here are the most affordable Downtown Orlando apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
Palmetto at LakesideE1Studio,1BA$935
RICHARD ALLEN GARDENS2 Bedroom 1 Bathroom2BR,1BA$1,080
Hillcrest Hampton HouseStudioStudio,1BA$1,125
Winford Place ApartmentsOne Bedroom One Bath1BR,1BA$1,160
Lakeshore at East MilOne Bedroom One Bath Lg1BR,1BA$1,179
Amelia CourtThe Minimalist1BR,1BA$1,214
Lexington CourtOlive1BR,2BA$1,272
CelanoEola1BR,1BA$1,299
SoDo Flats | 1 Bedroom Apartments in Downt1/1 AU1BR,1BA$1,299

Best Value Apartments for Rent in Downtown Orlando, FL

As of July 30, 2025 the best value apartment in the Downtown Orlando area is the $1.63 price per square foot 4177 N Orange Blossom Trail Model at 4177 N Orange Blossom Trail, Unit 304 in the in the Downtown Orlando neighborhood starting from $2,695. The second greatest value Downtown Orlando apartment is the The View Model at UnionWest starting at $1,500 with a $1.05 price per square foot in the North Orange neighborhood. Here is today’s list of the best values for Downtown Orlando apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4177 N Orange Blossom Trail, Unit 3044177 N Orange Blossom Trail3BR,2BA$1.63
UnionWestThe View4BR,4BA$1.05
1015 E Washington St, Unit Downstairs1015 E Washington St2BR,1BA$1.63
Azalea GardensFloorplan 22BR,2BA$1.46
Bella Lago Apartments2x22BR,2BA$1.32
Castilian ApartmentsTwo Bedroom B2BR,2BA$1.59
Lake Lucerne Towers2 Bedroom2BR,2BA$1.60
Landon Trace TownhomesThree Bedroom Townhome3BR,2.5BA$1.50
Palm Grove Apartments2x12BR,1BA$1.61
Winford Place ApartmentsOne Bedroom One Bath1BR,1BA$1.66

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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Frequently Asked Questions about Downtown Orlando

What type of rentals are currently available in Downtown Orlando?

There are currently 351 Apartments for Rent in Downtown Orlando, FL with pricing that ranges from $461 to $16,165. There are also 291 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Orlando ranging from $700 to $5,995.

What is the current price range for Rental Homes in Downtown Orlando?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Orlando ranges from $700 to $5,995 with an average monthly rent of $2,307.

How much are larger Three and Four Bedroom Rentals in Downtown Orlando?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Orlando range from $1,359 to $8,763, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $5,995. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $760.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Darla Ferrara

For many, Orlando is the place where you vacation, not live. However, this city, located in the central region of Florida, offers a vibrant tech community, plenty of outdoor activities, and some of the best schools in the country.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.