Cheap Homes for Rent in Lake Eola Neighborhood of Orlando, FL from $1,400 (14 Rentals)

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

property at 300 E South St

300 E South St

OrlandoFL32801
property at 304 E South St

304 E South St

OrlandoFL32801

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.

property at 155 S Court Ave

155 S Court Ave

OrlandoFL32801
property at 206 E South St

206 E South St

OrlandoFL32801

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.

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 Colonial Drive Apartments priced from $895. The Julian Orlando Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,299. Here are the most affordable Lake Eola apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
Colonial Drive ApartmentsStudioStudio,1BA$895
The Julian Orlando ApartmentsDa VinciStudio,1BA$1,299
55 WESTThe LucerneStudio,1BA$1,443
Aspire OrlandoOsceolaStudio,1BA$1,620
RadiusMeridianStudio,1BA$1,659

Best Value Apartments for Rent in Lake Eola, FL

As of May 29, 2025 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
611 Hillcrest St, Unit 2611 Hillcrest St2BR,1BA$1.94
Paramount on Lake EolaClevelander Deluxe1BR,1BA$2.47
The Yard at IvanhoeD1.11BR,1BA$2.83
55 WESTThe Greenwich Sky Loft1BR,1BA$2.47
MAA ParksideTraditional 1x1 714-760 SF1BR,1BA$2.45
Central Station on OrangeA21BR,1BA$2.42
Mondrian Lake EolaA8Studio ,1BA$2.81
Aspire OrlandoOsceolaStudio ,1BA$2.90

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 Lake Eola

What type of rentals are currently available in Lake Eola?

There are currently 81 Apartments for Rent in Lake Eola, FL with pricing that ranges from $895 to $6,308. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Eola ranging from $1,420 to $8,245.

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 $1,420 to $8,245 with an average monthly rent of $3,356.

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.

decorative image for An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.