Cheap Homes for Rent in Orlando, FL from $500 (717 Rentals)

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

property at 1501 20th St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Now

1501 20th St

OrlandoFL32805
property at 686 Caribou Ct

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

686 Caribou Ct

ApopkaFL32703

Where Orlando Locals Actually Live: A Renter's Guide to the Surrounding Cities

Why fight Orlando's tourist traffic when you don't have to? Explore the best cities surrounding Orlando for renters, with expert tips on commuting, lifestyle, hidden costs, and where to find the most value.

property at 4047 Stonefield Dr

$785

Total Monthly Price

Total Monthly Price

Base Rent
$785

Total Monthly Price
$785

1 Bedroom, 1 Bath Home for Rent

Available Now

4047 Stonefield Dr

OrlandoFL32826
property at 14503 Kristenright LN

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

14503 Kristenright LN, Unit 1

14503 Kristenright LN
OrlandoFL32826

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.

The Soul of the City Beautiful: What Life in Orlando Is Really Like

Orlando is much more than theme parks. Uncover the city's rich history, diverse neighborhoods like Winter Park and Downtown, and its bustling cultural and culinary life.

property at 8700 S Orange Blossom Trl

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

property at 4510 Cranston Pl

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

4510 Cranston Pl

OrlandoFL32812

Top Neighborhoods Near Orlando Major Employers

Learn about the best places to live near major employers in Orlando with original content written by our Local Expert Darla Ferrara

property at 525 Conway Rd

$950 - $1,850

1 To 2 Bedroom Rentals

Available Now

525 Conway Rd

OrlandoFL32807

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.

Orlando, FL Local Guide

Cheapest Neighborhoods for Apartments in Orlando, FL

Pricing Updated: 07/22/2026

Current apartment rentals in the Orlando, FL area range in price from $250 to $34,530 with an overall median price of $3,904. The three Orlando neighborhoods with the lowest median rent pricing are Lake Ellenor at $850, Indian Hills at $1,300, and Washington Shores at $773. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Orlando Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lake Ellenor$1,625$85035
Indian Hills$1,650$1,30013
Washington Shores$1,667$773109
University$1,672$62573
Rouse Run$1,676$62569
Arbor Ridge$1,700$62558
Arden Villas$1,700$62580
Boggy Creek$1,709$1,5001
Stonebriar$1,750$62565
Stonemead$1,752$62552

Cheapest Available Orlando Apartments for Rent

 

The cheapest available apartment rental in Orlando, FL is a 1 Bed unit found at Beverly at Lakeside in the South Park neighborhood priced from $624. Sunset Oaks in the Lake Lotta Towers neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here is today’s list of the most affordable Orlando apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beverly at LakesideA11BR,1BA$624
Sunset OaksStudioStudio,1BA$840
Orlando SkyThe IndigoStudio,1BA$850
Laurel Hills Villas, a 55+ CommunityHighrise1BR,1BA$880
The Retreat EastThe Sunrise D1 Alt - 4x44BR,4BA$899
The Retreat West6BR/6.5BA - Belmont6BR,6BA$899
Orlando TerraceStudioStudio,1BA$917
Victory CoveA1-50HL1BR,1BA$922
Green GablesStudioStudio,1BA$922
City View1 Bedroom 1 Bath Plan B Affordable1BR,1BA$929

Best Value Apartments for Rent in Orlando, FL

As of July 22, 2026 the best value apartment in the Orlando area is the $0.73 price per square foot The Sunrise D1 - 4x4 Model at The Retreat East in the in the The Villages of Camelot neighborhood starting from $1,060. The second greatest value 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 Orlando apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat EastThe Sunrise D1 - 4x44BR,4BA$0.73
UnionWestThe View4BR,4BA$1.05
The Retreat West3BR/3BA - Birchmore 33BR,3BA$0.81
Rent Prosper at Cypress PointeC1-3 Bedroom, 2 Bathroom3BR,2BA$1.16
Orion on Orpington4x4 Platinum4BR,4BA$0.73
The 9 Central FloridaD14BR,4BA$0.78
Hub Orlando3x3 Balcony3BR,3BA$1.04
Beverly at LakesideC13BR,2BA$1.00
3000 Clarcona Road, Unit # 3253000 Clarcona Road2BR,1BA$1.00
Knights Circle2 Bedroom 2 Bathroom2BR,2BA$1.08

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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Your Guide to the Perfect Orlando Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Orlando, FL | Find Orlando Off-Campus Student Housing at ApartmentHomeLiving.com

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Orlando, FL Area Reviews

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Frequently Asked Questions about Orlando

What type of rentals are currently available in Orlando?

There are currently 1476 Apartments for Rent in Orlando, FL with pricing that ranges from $250 to $26,460. There are also 2608 Single Family Homes for rent, Condos, and Townhome rentals currently available in Orlando ranging from $550 to $45,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Orlando ranges from $550 to $45,000 with an average monthly rent of $3,577.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Orlando range from $748 to $9,291, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $12,000. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $625.

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.

Helpful Local Expert Guides

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Where Orlando Locals Actually Live: A Renter's Guide to the Surrounding Cities

Written by: Darla Ferrara

When people think of Orlando, FL, the iconic theme parks and buzz of downtown tend to steal the spotlight.

decorative image for The Soul of the City Beautiful: What Life in Orlando Is Really Like article

The Soul of the City Beautiful: What Life in Orlando Is Really Like

Written by: Darla Ferrara

When people think of Orlando, Florida, they dream of theme parks and sunny weather, and rightfully so. It’s that energy that keeps this city a mainstay in the global tourist industry.

decorative image for Unlock Your Orlando Commute: An Expert Guide to Ideal Neighborhoods Near Major Local Employers article

Unlock Your Orlando Commute: An Expert Guide to Ideal Neighborhoods Near Major Local Employers

Written by: Darla Ferrara

When I first moved to Orlando, Florida, in the 1990s, one of the things that drew me here was the remarkably low unemployment rates. There was a job for everyone. Two decades later, that fundamental appeal remains.

decorative image for Your Guide to the Perfect Orlando Neighborhood for Student Renters article

Your Guide to the Perfect Orlando Neighborhood for Student Renters

Written by: Darla Ferrara

There is never a dull moment in Orlando, Florida. Along with top-tier universities, technical schools, and local colleges, there are world-class entertainment venues, the ocean within driving distance, and lots of sunshine.

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.

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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

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.