Cheap Homes for Rent in Lake Terrace Neighborhood of Orlando, FL from $800 (40 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 1954 Conway Rd

$1,199 - $1,475

1 To 2 Bedroom Rentals

Available Now

1954 Conway Rd

OrlandoFL32812

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property at 4087 E Michigan St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Mar 1

4087 E Michigan St, Unit 4087

4087 E Michigan St
OrlandoFL32812
property at 4149 E Michigan St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

4149 E Michigan St

OrlandoFL32812
property at 525 Conway Rd

$1,350 - $1,900

1 To 2 Bedroom Rentals

Available Now

525 Conway Rd

OrlandoFL32807

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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 The Cornerstone Apartments priced from $1,012. Sands Orlando has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,177. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
The Cornerstone ApartmentsPalmStudio,1BA$1,012
Sands Orlando1 Bedroom 1B1BR,1BA$1,177
Skye at ConwayA11BR,1BA$1,199
Barber Park ApartmentsWoodhaven a2wl1BR,1BA$1,226
CelanoEola1BR,1BA$1,229
Hollow Brook2BR60%2BR,1BA$1,240
Primrose OrlandoUpgraded Unit1BR,1BA$1,250
Dover GardensReduced Rental Rate! Beautiful One-bedroom Apar...1BR,1BA$1,275
Magnolia ApartmentsStudio RStudio,1BA$1,285
SoDo Flats | 1 Bedroom Apartments in Downtown Orlando1/1 AU1BR,1BA$1,299

Best Value Apartments for Rent in Lake Terrace, FL

As of February 26, 2026 the best value apartment in the Lake Terrace area is the $1.42 price per square foot 2805 E Washington St Model at 2805 E Washington St in the in the Downtown Orlando neighborhood starting from $2,000. The second greatest value Lake Terrace apartment is the 2 Bedroom Model at Bridgewater by Trion Living starting at $1,618 with a $1.30 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.
2805 E Washington St2805 E Washington St2BR,2BA$1.42
Bridgewater by Trion Living2 Bedroom2BR,2BA$1.30
Azalea GardensFloorplan 32BR,2BA$1.69
322 E Central Blvd, Unit apt 911322 E Central Blvd2BR,2BA$2.07
Hollow Brook2BR60%2BR,1.5BA$1.13
The FrederickThe Anderson2BR,2BA$1.63
109 S Osceola Ave109 S Osceola Ave1BR,1BA$2.04
Barber Park ApartmentsWoodhaven A2Rwl (Renovated)1BR,1BA$1.92
ARIUM Mariner's VillageAddison1BR,1BA$1.88
Woodlake Villas1x11BR,1BA$1.76

Frequently Asked Questions about Lake Terrace

What type of rentals are currently available in Lake Terrace?

There are currently 176 Apartments for Rent in Lake Terrace, FL with pricing that ranges from $452 to $9,000. There are also 187 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $800 to $7,500.

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 $7,500 with an average monthly rent of $2,514.

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 $1,695 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,355 and Four Bedroom Apartments start at $4,000.

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

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.

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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.

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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.

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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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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.

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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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.