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Cheap Apartments for Rent in the Lake Terrace Neighborhood of Orlando, FL from $400 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of Orlando.
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Rent Specials
$1,054 - $2,000Studio to 3 Bedroom Apartments Available Now
Magnolia Apartments
2320 S Conway RdOrlando, FL 32812
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Rent Specials
$1,058 - $2,514Studio to 2 Bedroom Apartments Available Now
The Cornerstone Apartments
2409 S Conway RdOrlando, FL 32812
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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Rent Specials
$1,072 - $1,788Studio to 2 Bedroom Apartments Available Now
Barber Park Apartments
5300 Lake Margaret DrOrlando, FL 32812
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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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$1,141 - $1,755Studio to 3 Bedroom Apartments Available Now
Sands Orlando
3700 Curry Ford RdOrlando, FL 32806
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Rent Specials
$1,171 - $2,5631 to 2 Bedroom Apartments Available Now
Bridgewater by Trion Living
2490 S Conway RdOrlando, FL 32812
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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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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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Showing Results 1-19, Page 1 of 1
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 | $1,637 | $1,058 | $2,813 |
| Lake Terrace 1 Bedroom Apartments | $1,684 | $452 | $4,412 |
| Lake Terrace 2 Bedroom Apartments | $1,938 | $528 | $5,419 |
| Lake Terrace 3 Bedroom Apartments | $2,499 | $588 | $4,277 |
| Lake Terrace 4 Bedroom Apartments | $4,462 | $4,217 | $4,752 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Lake Terrace Neighborhood of Orlando, FL.
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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 Studio unit found at Magnolia Apartments priced from $1,054. Barber Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,072. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Magnolia Apartments | Studio | Studio,1BA | $1,054 |
| Barber Park Apartments | Laketree s1wl | Studio,1BA | $1,072 |
| The Cornerstone Apartments | Elm | 1BR,1BA | $1,074 |
| Sands Orlando | 1 Bedroom 1A | 1BR,1BA | $1,141 |
| Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1,171 |
Best Value Apartments for Rent in Lake Terrace, FL
As of January 02, 2026 the best value apartment in the Lake Terrace area is the $1.91 price per square foot Traditional 3x3 1306 SF Model at MAA Parkside in the in the Downtown Orlando neighborhood starting from $2,492. The second greatest value Lake Terrace apartment is the Floorplan 3 Model at Azalea Gardens starting at $2,025 with a $1.69 price per square foot in the North Orange 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. |
|---|---|---|---|
| MAA Parkside | Traditional 3x3 1306 SF | 3BR,3BA | $1.91 |
| Azalea Gardens | Floorplan 3 | 2BR,2BA | $1.69 |
| Hollow Brook | 2BR80% | 2BR,1.5BA | $1.56 |
| 1820 E Robinson St | 1820 E Robinson St | 1BR,1BA | $1.95 |
| Enclave at Lake Underhill Apartments | 2 Bed 2 Bath 915 SF | 2BR,2BA | $1.93 |
| Conway Forest | Hamlin | 2BR,1BA | $1.68 |
| Woodlake Villas | 1x1 | 1BR,1BA | $1.95 |
| Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1.62 |
| 2920 E Jefferson St | 2920 E Jefferson St | 1BR,1BA | $1.43 |
| The Cornerstone Apartments | Elm | 1BR,1BA | $1.75 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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 $1,299.
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 $1,074, while the average apartment in Lake Terrace costs $7,555.
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 1 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 $171 which is $7,384 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!