Cheap Homes for Rent in Lake Terrace Neighborhood of Orlando, FL from $1,100 (56 Rentals)

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

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property at 206 E South St

206 E South St

OrlandoFL32801

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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 Hollow Brook priced from $848. Woodlake Villas has the second lowest priced unit, which is a Studio apartment currently listed from $993. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
Hollow Brook1BR50%1BR,1BA$848
Woodlake VillasStudioStudio,1BA$993
Magnolia ApartmentsStudioStudio,1BA$1,054
Aspire OrlandoOsceolaStudio,1BA$1,100
Goldelm at SalernoMaple1BR,1BA$1,110
The Cornerstone ApartmentsElm1BR,1BA$1,154
Barber Park ApartmentsFairview a1wl1BR,1BA$1,204
Sands Orlando1 Bedroom 1A1BR,1BA$1,206
Bridgewater by Trion Living1 Bedroom1BR,1BA$1,256
Dover GardensDG-SM1BR-1BA1BR,1BA$1,275

Best Value Apartments for Rent in Lake Terrace, FL

As of November 16, 2025 the best value apartment in the Lake Terrace area is the $1.69 price per square foot Floorplan 3 Model at Azalea Gardens in the in the North Orange neighborhood starting from $2,025. The second greatest value Lake Terrace apartment is the 2BR80% Model at Hollow Brook starting at $1,715 with a $1.56 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Azalea GardensFloorplan 32BR,2BA$1.69
Hollow Brook2BR80%2BR,1.5BA$1.56
Conway ForestAmbersweet2BR,2BA$1.45
Lake Lucerne Towers2 Bedroom2BR,2BA$1.60
Hourglass Flats | Modern 1 Bedroom Apartme1/1 Updated1BR,1BA$1.90
Hampton Terrace Apartments1BR/1BA1BR,1BA$1.87
Goldelm at SalernoMaple1BR,1BA$1.49
Bridgewater by Trion Living1 Bedroom1BR,1BA$1.73
Enclave at Lake Underhill Apartments1 Bed 1 Bath 706 SF1BR,1BA$1.86
Aspire OrlandoOsceolaStudio ,1BA$1.97

Frequently Asked Questions about Lake Terrace

What type of rentals are currently available in Lake Terrace?

There are currently 171 Apartments for Rent in Lake Terrace, FL with pricing that ranges from $452 to $6,598. There are also 182 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $1,100 to $9,750.

What is the current price range for Rental Homes in Lake Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Terrace ranges from $1,100 to $9,750 with an average monthly rent of $3,976.

How much are larger Three and Four Bedroom Rentals in Lake Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Terrace range from $588 to $4,070, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $4,064.

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.

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An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Darla Ferrara

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.