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$452 - $2,4641 to 3 Bedroom Apartments Available Now
Hollow Brook
5465 Curry Ford RdOrlando, FL 32812
Cheap Apartments for Rent in the Lake Terrace Neighborhood of Orlando, FL from $400 (117 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of Orlando.
2301 Carlton Dr
OrlandoFL32806
2301 Carlton Dr
OrlandoFL32806
2008 Page Ave
OrlandoFL32806
2008 Page Ave
OrlandoFL32806
2721 Raeford Rd
OrlandoFL32806
2721 Raeford Rd
OrlandoFL32806
1815 Larkin Ave
OrlandoFL32812
1815 Larkin Ave
OrlandoFL32812
3120 Peel Ave
OrlandoFL32806
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.
3120 Peel Ave
OrlandoFL32806
2008 Page Ave
OrlandoFL32806
3120 Peel Ave
OrlandoFL32806
318 E Jersey St
OrlandoFL32806
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$8001 Bedroom Apartments Available Now
2014 Newman St, Unit 1
2014 Newman StOrlando, FL 32803
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$8001 Bedroom Apartments Available Now
2014 Newman St, Unit 1
2014 Newman StOrlando, FL 32803
318 E Jersey St
OrlandoFL32806
1406 Conway Rd
OrlandoFL32812
1406 Conway Rd
OrlandoFL32812
318 E Jersey St
OrlandoFL32806
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.
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$8001 Bedroom Apartments Available Now
2014 Newman St, Unit 1
2014 Newman StOrlando, FL 32803
1815 Larkin Ave
OrlandoFL32812
318 E Jersey St
OrlandoFL32806
1406 Conway Rd
OrlandoFL32812
4789 S St Brides Cir
OrlandoFL32812
2721 Raeford Rd
OrlandoFL32806
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Rent Specials
$1,026 - $2,464Studio to 2 Bedroom Apartments Available Now
The Cornerstone Apartments
2409 S Conway RdOrlando, FL 32812
5119 Curry Ford Rd
OrlandoFL32812
4061 E Michigan St, Unit 4061, Unit 4061
4061 E Michigan St
OrlandoFL32812
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$1,109 - $2,200Studio to 3 Bedroom Apartments Available Now
Magnolia Apartments
2320 S Conway RdOrlando, FL 32812
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.
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$1,110 - $1,8001 to 3 Bedroom Apartments Contact Us For Availability
Goldelm at Salerno
2100 S Conway RdOrlando, FL 32812
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$1,136 - $1,807
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,136 - $1,807
Total Monthly Price
Varies
Sands Orlando
3700 Curry Ford RdOrlando, FL 32806
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$1,145 - $3,583Studio to 3 Bedroom Apartments Available Now
Woodlake Villas
720 S Conway RdOrlando, FL 32807
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$1,183 - $3,4821 to 2 Bedroom Apartments Available Now
Bridgewater by Trion Living
2490 S Conway RdOrlando, FL 32812
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$1,185
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,185
Total Monthly Price
$1,185
421 S Hyer Ave, Unit D, Unit D
421 S Hyer AveOrlando, FL 32801
601 Delaney Park Dr
OrlandoFL32806
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$1,250 - $1,4001 Bedroom Apartments Contact Us For Availability
Primrose Orlando
2716 E Washington StOrlando, FL 32803
4087 E Michigan St, Unit 4087, Unit 4087
4087 E Michigan St
OrlandoFL32812
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$1,268 - $1,828Studio to 2 Bedroom Apartments Available Now
Barber Park Apartments
5300 Lake Margaret DrOrlando, FL 32812
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$1,275 - $1,5501 to 2 Bedroom Apartments Available Now
Dover Gardens
1448 Adriel LnOrlando, FL 32812
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.
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$1,306 - $2,097
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,306 - $2,097
Total Monthly Price
$1,306 - $2,097
Skye at Conway
3149 Landtree PlOrlando, FL 32812
605 S Summerlin Ave
OrlandoFL32801
607 S Summerlin Ave, Unit 2, Unit 2
607 S Summerlin Ave
OrlandoFL32801
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$1,350
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,350
Total Monthly Price
$1,350
1207 Groveland Ave, Unit Near Downtown Orlando, Unit Near Downtown Orlando
1207 Groveland AveOrlando, FL 32806
706 E Pine St
OrlandoFL32801
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$1,399 - $3,213
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,399 - $3,213
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Mondrian Lake Eola
125 E Pine StOrlando, FL 32801
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$1,400 - $1,7751 to 2 Bedroom Apartments Available Apr 15
Lake Lucerne Towers
20 W Lucerne CirOrlando, FL 32801
1014 E South St
OrlandoFL32801
525 Conway Rd, Unit 154
525 Conway Rd
OrlandoFL32807
1948 Conway Rd
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
Lake Terrace, Orlando, FL Local Guide
How much does it cost to rent an apartment in Lake Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Terrace Studio Apartments | $1,596 | $1,109 | $2,690 |
| Lake Terrace 1 Bedroom Apartments | $1,716 | $452 | $2,918 |
| Lake Terrace 2 Bedroom Apartments | $2,001 | $528 | $3,530 |
| Lake Terrace 3 Bedroom Apartments | $2,848 | $588 | $9,000 |
| Lake Terrace 4 Bedroom Apartments | $5,660 | $4,529 | $8,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 117 rentals with your search options within a 2 mile radius of the Lake Terrace Neighborhood of Orlando, FL.
See all Apartments in OrlandoExplore Orlando
Lake Terrace, Orlando, FL Local Guide
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Cheapest Available Lake Terrace Apartments for Rent
The cheapest available apartment rental in the Lake Terrace area of Orlando, FL is a 1 Bed unit found at The Cornerstone Apartments priced from $1,026. Magnolia Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,109. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Cornerstone Apartments | Elm | 1BR,1BA | $1,026 |
| Magnolia Apartments | Studio | Studio,1BA | $1,109 |
| Sands Orlando | 1 Bedroom 1A | 1BR,1BA | $1,136 |
| Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1,183 |
| Hollow Brook | 2BR60% | 2BR,1BA | $1,240 |
| Primrose Orlando | Upgraded Unit | 1BR,1BA | $1,250 |
| Woodlake Villas | 1x1 | 1BR,1BA | $1,253 |
| Barber Park Apartments | Laketree s1wl | Studio,1BA | $1,268 |
| Dover Gardens | Beautiful one-Bedroom Unit! NO Admin Fee! | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Lake Terrace, FL
As of April 13, 2026 the best value apartment in the Lake Terrace area is the $1.71 price per square foot 509 E Church St Model at 509 E Church St, Unit #1 in the in the Downtown Orlando neighborhood starting from $2,900. The second greatest value Lake Terrace apartment is the 3BR70% Model at Hollow Brook starting at $1,684 with a $1.36 price per square foot in the East Central Park neighborhood. Here is today’s list of the best values for Lake Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 509 E Church St, Unit #1 | 509 E Church St | 2BR,1BA | $1.71 |
| Hollow Brook | 3BR70% | 3BR,2BA | $1.36 |
| Lofts at SoDo | Kaley | 2BR,2BA | $1.80 |
| Azalea Gardens | Floorplan 2 | 2BR,2BA | $1.46 |
| 1207 Groveland Ave, Unit Near Downtown Orlando | 1207 Groveland Ave | 2BR,1.5BA | $1.23 |
| Conway Forest | Navel | 1BR,1BA | $1.85 |
| Hourglass Flats | 1/1 Updated | 1BR,1BA | $2.02 |
| ARIUM Mariner's Village | Addison | 1BR,1BA | $2.05 |
| Woodlake Villas | 1x1 | 1BR,1BA | $1.67 |
| Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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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.
Read ArticleCash 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.
Read ArticleYour 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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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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Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Orlando. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Lake Terrace Apartments
What is a cheap apartment in Lake Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Terrace is under $1,275.
What is the price of a cheap apartment in Lake Terrace?
The cheapest apartment in Lake Terrace is The Cornerstone Apartments which is listed at $1,026, while the average apartment in Lake Terrace costs $7,097.
What types of apartments are the cheapest in Lake Terrace?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Lake Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Terrace?
Cheap apartments in Lake Terrace have an average cost of $156 which is $6,941 cheaper than the average rent for all rentals in Lake Terrace.
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
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.
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.
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.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.
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.