
Cheap Homes for Rent in Lake Terrace Neighborhood of Orlando, FL from $800 (40 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Terrace area of Orlando.


2301 Carlton Dr

2008 Page Ave

2008 Page Ave

2721 Raeford Rd

3120 Peel Ave

2721 Raeford Rd

3120 Peel Ave
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1414 E Harding St

2721 Raeford Rd

1414 E Harding St

1414 E Harding St

2008 Page Ave

3120 Peel Ave

3255 Clemwood Dr

1954 Conway Rd
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2309 S Mills Ave

4087 E Michigan St, Unit 4087

4149 E Michigan St

1531 Catherine St

525 Conway Rd

523 S Summerlin Ave

2330 S Ferncreek Ave

151 E Washington St
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5317 Curry Ford Rd

2120 Carlton Dr

1954 Conway Rd

2421 Shannon Rd

607 S Summerlin Ave, Unit 2

4019 E Michigan St

1948 Conway Rd

2202 Page Ave
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Learn about the best places to live near major employers in Orlando with original content written by our Local Expert Darla Ferrara

3030 Martin St

517 S Hyer Ave

35 Hill Ave

1922 Conway Rd

515 S Hyer Ave

5360 Skelly Square

2507 E Central Blvd

2887 S Osceola Ave
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Lake Terrace, Orlando, FL Local Guide

How much does it cost to rent a home in Lake Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Terrace 2 Bedroom Homes for Rent | $2,045 | $1,050 | $4,600 |
| Lake Terrace 3 Bedroom Homes for Rent | $2,847 | $1,695 | $7,500 |
| Lake Terrace 4 Bedroom Homes for Rent | $3,464 | $2,355 | $7,500 |
| Lake Terrace 5 Bedroom Homes for Rent | $3,700 | $2,900 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Lake Terrace Neighborhood of Orlando, FL.
Explore Orlando
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Cornerstone Apartments | Palm | Studio,1BA | $1,012 |
| Sands Orlando | 1 Bedroom 1B | 1BR,1BA | $1,177 |
| Skye at Conway | A1 | 1BR,1BA | $1,199 |
| Barber Park Apartments | Woodhaven a2wl | 1BR,1BA | $1,226 |
| Celano | Eola | 1BR,1BA | $1,229 |
| Hollow Brook | 2BR60% | 2BR,1BA | $1,240 |
| Primrose Orlando | Upgraded Unit | 1BR,1BA | $1,250 |
| Dover Gardens | Reduced Rental Rate! Beautiful One-bedroom Apar... | 1BR,1BA | $1,275 |
| Magnolia Apartments | Studio R | Studio,1BA | $1,285 |
| SoDo Flats | 1 Bedroom Apartments in Downtown Orlando | 1/1 AU | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2805 E Washington St | 2805 E Washington St | 2BR,2BA | $1.42 |
| Bridgewater by Trion Living | 2 Bedroom | 2BR,2BA | $1.30 |
| Azalea Gardens | Floorplan 3 | 2BR,2BA | $1.69 |
| 322 E Central Blvd, Unit apt 911 | 322 E Central Blvd | 2BR,2BA | $2.07 |
| Hollow Brook | 2BR60% | 2BR,1.5BA | $1.13 |
| The Frederick | The Anderson | 2BR,2BA | $1.63 |
| 109 S Osceola Ave | 109 S Osceola Ave | 1BR,1BA | $2.04 |
| Barber Park Apartments | Woodhaven A2Rwl (Renovated) | 1BR,1BA | $1.92 |
| ARIUM Mariner's Village | Addison | 1BR,1BA | $1.88 |
| Woodlake Villas | 1x1 | 1BR,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

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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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
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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.
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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.