Cheap Apartments for Rent in the Lake Terrace Neighborhood of Orlando, FL from $620 (73 Rentals)

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

property at 4510 Cranston Pl

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

4510 Cranston Pl

OrlandoFL32812

Where Orlando Locals Actually Live: A Renter's Guide to the Surrounding Cities

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property at 407 Shine Ave

$1,000

Studio To 1 Bedroom Rentals

Available Now

407 Shine Ave

OrlandoFL32803
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Sands Orlando
$1,166 - $1,975
Total Monthly Price

Total Monthly Price

Base Rent
$1,166 - $1,975
Total Monthly Price
$1,166 - $1,975
Studio to 3 Bedroom Apartments Available Now

Sands Orlando

3700 Curry Ford RdOrlando, FL 32806
Corporate Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Skye at Conway
Rent Specials
$1,397 - $2,027
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $2,027
Total Monthly Price
$1,397 - $2,027
1 to 2 Bedroom Apartments Available Now

Skye at Conway

3149 Landtree PlOrlando, FL 32812
Affordability
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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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Mondrian Lake Eola
Rent Specials
$1,421 - $3,133
Total Monthly Price

Total Monthly Price

Base Rent
$1,421 - $3,133
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Mondrian Lake Eola

125 E Pine StOrlando, FL 32801
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Lofts at SoDo
Rent Specials
$1,487 - $4,102
Total Monthly Price

Total Monthly Price

Base Rent
$1,487 - $4,102
Total Monthly Price
$1,487 - $4,102
Studio to 3 Bedroom Apartments Available Now

Lofts at SoDo

100 W Grant StOrlando, FL 32806
Furnished
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Whitney Grove Apartments
Studio to 2 Bedroom Apartments

Whitney Grove Apartments

1638 S Crystal Lake DrOrlando, FL 32806
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Lake Davis
1 Bedroom Apartments

Lake Davis

1301 Catherine StOrlando, FL 32801
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Anderson Oaks
1 Bedroom Apartments

Anderson Oaks

708 E Anderson StOrlando, FL 32801

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

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Kinneret Apartments
Studio to 1 Bedroom Apartments

Kinneret Apartments

515 Delaney AveOrlando, FL 32801
Senior Living
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Delaney
1 Bedroom Apartments

Delaney

507 Delaney AveOrlando, FL 32801
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Cloverdale Apartments
1 to 2 Bedroom Apartments

Cloverdale Apartments

1911 Ranwill CtOrlando, FL 32806
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Whitney Groves Apartments
Studio to 2 Bedroom Apartments

Whitney Groves Apartments

1648 S Crystal Lake DrOrlando, FL 32806
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1208 Francis Ave
1 Bedroom Apartments

1208 Francis Ave

1208 Francis AveOrlando, FL 32806
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Conway Club
1 to 3 Bedroom Apartments

Conway Club

1900 S Conway RdOrlando, FL 32812
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Lake Terrace, Orlando, FL Local Guide

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 Celano priced from $999. Primrose Orlando has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
CelanoEola1BR,1BA$999
Primrose OrlandoUpgraded Unit1BR,1BA$1,000
Woodlake VillasStudioStudio,1BA$1,037
Goldelm at SalernoMaple1BR,1BA$1,110
The Cornerstone ApartmentsElm1BR,1BA$1,140
Bridgewater by Trion Living1 Bedroom1BR,1BA$1,208
St. Regis Apartments1 Bedroom,1 Bathroom1BR,1BA$1,215
Magnolia ApartmentsA11BR,1BA$1,225
Barber Park ApartmentsFairview a1wl1BR,1BA$1,265
The FrederickThe Briercliff1BR,1BA$1,299

Best Value Apartments for Rent in Lake Terrace, FL

As of August 27, 2026 the best value apartment in the Lake Terrace area is the $1.46 price per square foot Floorplan 2 Model at Azalea Gardens in the in the North Orange neighborhood starting from $1,750. The second greatest value Lake Terrace apartment is the 3 Bedroom 2 Bath A Renovated Model at Sands Orlando starting at $1,975 with a $1.72 price per square foot in the Wadeview Park neighborhood. Here is today’s list of the best values for Lake Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Azalea GardensFloorplan 22BR,2BA$1.46
Sands Orlando3 Bedroom 2 Bath A Renovated3BR,2BA$1.72
ARIUM Mariner's VillageAustin1BR,1BA$1.83
The FrederickThe Briercliff1BR,1BA$1.68
Goldelm at SalernoMaple1BR,1BA$1.49
Hollow Brook1BR70%1BR,1BA$1.87
Bridgewater by Trion Living1 Bedroom1BR,1BA$1.67
Barber Park ApartmentsFairview a1wl1BR,1BA$1.91
The Cornerstone ApartmentsElm1BR,1BA$1.90
Primrose OrlandoUpgraded Unit1BR,1BA$1.71

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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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 $1,299.

What is the price of a cheap apartment in Lake Terrace?

The cheapest apartment in Lake Terrace is Celano which is listed at $999, while the average apartment in Lake Terrace costs $1,786.

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 8 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 $170 which is $1,616 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.

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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.

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