Cheap Homes for Rent in Lake Eola Neighborhood of Orlando, FL from $1,300 (7 Rentals)

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

property at 202 E South St

$1,400 - $1,525

1 Bedroom Rentals

Available Now

202 E South St

OrlandoFL32801

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.

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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

$1,650 - $2,500

1 To 2 Bedroom Rentals

Available Now

204 E South St

OrlandoFL32801

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 1 Bed unit found at Delaney priced from $1,000. MAA Parkside has the second lowest priced unit, which is a Studio apartment currently listed from $1,462. Here are the most affordable Lake Eola apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
Delaney1 x 1 FRONT1BR,1BA$1,000
MAA ParksideStudio 0x1 501-504 SFStudio,1BA$1,462
Skyhouse OrlandoStudio 1Studio,1BA$1,498

Best Value Apartments for Rent in Lake Eola, FL

As of June 13, 2026 the best value apartment in the Lake Eola area is the $2.51 price per square foot Chrysler Deluxe Model at Paramount on Lake Eola in the in the Downtown Orlando neighborhood starting from $2,645. The second greatest value Lake Eola apartment is the 103 S Osceola Ave Model at 103 S Osceola Ave, Unit 1 starting at $1,700 with a $2.04 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.
Paramount on Lake EolaChrysler Deluxe2BR,2BA$2.51
103 S Osceola Ave, Unit 1103 S Osceola Ave1BR,1BA$2.04
109 S Osceola Ave109 S Osceola Ave1BR,1BA$2.16
CitiTowerA11BR,1BA$2.80
Mondrian Lake EolaA7Studio ,1BA$2.34
Skyhouse OrlandoStudio 3Studio ,1BA$2.89
Radius Orlando ApartmentsMeridianStudio ,1BA$2.80
55 WESTThe Park Avenue Sky LoftStudio ,1BA$2.82
Central Station on OrangeS1Studio ,1BA$2.85
Delaney1 x 1 FRONT1BR,1BA$2.00

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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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 #171

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 $1,000 to $9,000. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Eola ranging from $1,300 to $4,300.

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 $1,300 to $4,300 with an average monthly rent of $2,863.

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.

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.

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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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.