Cheap Homes for Rent in Lake Eola Neighborhood of Orlando, FL from $1,500 (12 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

304 E South St

OrlandoFL32801
property at 204 E South St

204 E South St

OrlandoFL32801

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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.

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 $1,511. Skyhouse Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,585. Here are the most affordable Lake Eola apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
55 WESTThe SohoStudio,1BA$1,511
Skyhouse ApartmentsStudio 5Studio,1BA$1,585
Mondrian Lake EolaA10Studio,1BA$1,654
MAA RobinsonTraditional A41 1x1 787 SF1BR,1BA$1,798
RadiusLegend1BR,1BA$1,824

Best Value Apartments for Rent in Lake Eola, FL

As of July 24, 2025 the best value apartment in the Lake Eola area is the $1.63 price per square foot 1015 E Washington St Model at 1015 E Washington St, Unit Downstairs in the in the Downtown Orlando neighborhood starting from $1,975. The second greatest value Lake Eola apartment is the 322 E Central Blvd Model at 322 E Central Blvd, Unit apt 911 starting at $2,400 with a $2.07 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.
1015 E Washington St, Unit Downstairs1015 E Washington St2BR,1BA$1.63
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
RadiusCompass2BR,2BA$2.54
Aspire OrlandoMagnolia2BR,2BA$2.53
MAA ParksideTraditional 2x2 1011-1071 SF2BR,2BA$2.24
Central Station on OrangeA91BR,1BA$2.17
Paramount on Lake EolaClevelander Deluxe1BR,1BA$2.37
Mondrian Lake EolaA8Studio ,1BA$2.75
55 WESTThe SohoStudio ,1BA$2.47

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Frequently Asked Questions about Lake Eola

What type of rentals are currently available in Lake Eola?

There are currently 78 Apartments for Rent in Lake Eola, FL with pricing that ranges from $1,200 to $7,635. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Eola ranging from $1,500 to $6,000.

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 $1,500 to $6,000 with an average monthly rent of $3,464.

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.

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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.

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.

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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.