Cheap Homes for Rent in Lake Eola Neighborhood of Orlando, FL from $1,200 (15 Rentals)

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

property at 304 E South St

$1,500 - $2,000

1 To 2 Bedroom Rentals

Available Now

304 E South St

OrlandoFL32801

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.

property at 204 E South St

$1,695 - $2,500

1 To 2 Bedroom Rentals

Available Now

204 E South St

OrlandoFL32801

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.

property at 101 S Eola Dr

$1,795 - $4,495

1 To 2 Bedroom Rentals

Available Now

101 S Eola Dr

OrlandoFL32801
property at 101 S Eola Dr

$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

101 S Eola Dr

OrlandoFL32801
property at 206 E South St

$1,800 - $2,500

1 To 2 Bedroom Rentals

Available Now

206 E South St

OrlandoFL32801
property at 415 E Pine St

$1,800 - $3,610

1 To 3 Bedroom Rentals

Available Now

415 E Pine St

OrlandoFL32801

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.

Lake Eola, Orlando, FL Local Guide

Cheapest Available Lake Eola Apartments for Rent

 

The cheapest available apartment rental in the Lake Eola area of Orlando, FL is a Studio unit found at 55 WEST priced from $1,489. Central Station on Orange has the second lowest priced unit, which is a Studio apartment currently listed from $1,535. Here are the most affordable Lake Eola apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
55 WESTThe LucerneStudio,1BA$1,489
Central Station on OrangeS1Studio,1BA$1,535
Radius Orlando ApartmentsMeridianStudio,1BA$1,545
MAA RobinsonTraditional A41 1x1 787 SF1BR,1BA$1,583
Paramount on Lake EolaDelano Classic1BR,1BA$1,600

Best Value Apartments for Rent in Lake Eola, FL

As of January 25, 2026 the best value apartment in the Lake Eola area is the $2.07 price per square foot 322 E Central Blvd Model at 322 E Central Blvd, Unit apt 911 in the in the Downtown Orlando neighborhood starting from $2,400. The second greatest value Lake Eola apartment is the 322 E Central Blvd Model at 322 E Central Blvd, Unit 1506 starting at $2,650 with a $2.31 price per square foot in the Downtown Orlando neighborhood. Here is today’s list of the best values for Lake Eola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
322 E Central Blvd, Unit apt 911322 E Central Blvd2BR,2BA$2.07
322 E Central Blvd, Unit 1506322 E Central Blvd2BR,2BA$2.31
Mondrian Lake EolaB32BR,2BA$2.44
CitiTowerB12BR,2BA$2.67
109 S Osceola Ave, Unit 4109 S Osceola Ave1BR,1BA$2.04
55 WESTThe Lexington1BR,1BA$2.78
Paramount on Lake EolaRockefeller Deluxe1BR,1BA$2.49
MAA RobinsonTraditional A0 1x1 598 SF1BR,1BA$2.79
Radius Orlando ApartmentsMeridianStudio ,1BA$2.65
Aspire OrlandoOsceolaStudio ,1BA$2.86

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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
Lake Eola, Orlando, FL

Ranked #154

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 Lake Eola

What type of rentals are currently available in Lake Eola?

There are currently 79 Apartments for Rent in Lake Eola, FL with pricing that ranges from $1,175 to $5,015. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Eola ranging from $1,295 to $7,500.

What is the current price range for Rental Homes in Lake Eola?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Eola ranges from $1,295 to $7,500 with an average monthly rent of $2,785.

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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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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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.

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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.

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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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.