Cheap Homes for Rent in Lake Terrace Neighborhood of Orlando, FL from $800 (61 Rentals)

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

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.

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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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property at 4510 Cranston Pl

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

4510 Cranston Pl

OrlandoFL32812

Cash 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.

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property at 2815 Rogan Rd

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249
Total Monthly Price
$1,249

1 Bedroom, 1 Bath Condo for Rent

Available Now

2815 Rogan Rd

OrlandoFL32812

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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property at 202 E South St

$1,400 - $1,550

1 Bedroom Rentals

Available Now

202 E South St

OrlandoFL32801

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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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 Delaney priced from $1,000. 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
Delaney1 x 1 FRONT1BR,1BA$1,000
Primrose OrlandoUpgraded Unit1BR,1BA$1,000
Lake Davis2nd Floor1BR,1BA$1,094
The Cornerstone ApartmentsPalmStudio,1BA$1,151
Woodlake VillasStudioStudio,1BA$1,152
Barber Park ApartmentsLaketree s1wlStudio,1BA$1,195
CelanoEola1BR,1BA$1,199
Conway ForestTangelo1BR,1BA$1,199
Sands Orlando1 Bedroom 1A1BR,1BA$1,214
Magnolia Apartments1BD/1Bath1BR,1BA$1,225

Best Value Apartments for Rent in Lake Terrace, FL

As of May 28, 2026 the best value apartment in the Lake Terrace area is the $1.37 price per square foot Bradford Model at ARIUM Mariner's Village in the in the East Central Park neighborhood starting from $1,773. The second greatest value Lake Terrace apartment is the Floorplan 2 Model at Azalea Gardens starting at $1,750 with a $1.46 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 ListingModel NameBed/BathPrice Per Sq.Ft.
ARIUM Mariner's VillageBradford2BR,2BA$1.37
Azalea GardensFloorplan 22BR,2BA$1.46
Lake Lucerne Towers2BR/2.0BA2BR,2BA$1.50
Hourglass Flats1/1 Updated1BR,1BA$2.02
Hollow Brook1BR70%1BR,1BA$1.67
Conway ForestTangelo1BR,1BA$1.64
Bridgewater by Trion Living1 Bedroom1BR,1BA$1.82
The FrederickThe Grant1BR,1BA$1.97
Primrose OrlandoUpgraded Unit1BR,1BA$1.71
Delaney1 x 1 FRONT1BR,1BA$2.00

Frequently Asked Questions about Lake Terrace

What type of rentals are currently available in Lake Terrace?

There are currently 179 Apartments for Rent in Lake Terrace, FL with pricing that ranges from $452 to $9,000. There are also 172 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $800 to $15,000.

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 $800 to $15,000 with an average monthly rent of $4,297.

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 $9,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $3,600.

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

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

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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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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.

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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.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

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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.