Cheap Homes for Rent in Lake Terrace Neighborhood of Orlando, FL from $700 (28 Rentals)

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

property at 1928 Conway Rd

1928 Conway Rd

OrlandoFL32812

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 300 E South St

300 E South St

OrlandoFL32801
property at 304 E South St

304 E South St

OrlandoFL32801

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Orlando's Best Affordable Neighborhoods

Learn about Orlando and the best places to live with original content written by our Local Expert Darla F

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Showing Results 1-28, Page 1 of 1

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 $1,130. The Park at Venosa has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
The Cornerstone ApartmentsPalmStudio,1BA$1,130
The Park at Venosa1BD/1Bath1BR,1BA$1,199
Bridgewater by Trion Living1 Bedroom1BR,1BA$1,289
Sands Orlando1 Bedroom 1B1BR,1BA$1,297
Skye at ConwayA21BR,1BA$1,299
SODO FLATS LIVING1/1 B1BR,1BA$1,299
Woodlake Villas1x11BR,1BA$1,318
Conway ForestTangelo1BR,1BA$1,379
CelanoThornton1BR,1BA$1,379

Best Value Apartments for Rent in Lake Terrace, FL

As of May 28, 2025 the best value apartment in the Lake Terrace area is the $1.79 price per square foot 3x2 Model at Woodlake Villas in the in the Colonial Town Center neighborhood starting from $2,294. 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.
Woodlake Villas3x23BR,2BA$1.79
Azalea GardensFloorplan 22BR,2BA$1.46
Barber Park ApartmentsFieldstone2BR,2BA$1.42
Lake Lucerne Towers2 Bedroom2BR,1BA$1.68
Hourglass Flats1/1 Updated1BR,1BA$2.02
HOLLOW BROOK1 Bedroom 1 Bathroom1BR,1BA$1.67
Conway ForestTangelo1BR,1BA$1.85
Bridgewater by Trion Living1 Bedroom1BR,1BA$1.79
2920 E Jefferson St2920 E Jefferson St1BR,1BA$1.43
The Park at Venosa1BD/1Bath1BR,1BA$2.00

Frequently Asked Questions about Lake Terrace

What type of rentals are currently available in Lake Terrace?

There are currently 170 Apartments for Rent in Lake Terrace, FL with pricing that ranges from $1,000 to $15,000. There are also 114 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Terrace ranging from $700 to $8,245.

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 $700 to $8,245 with an average monthly rent of $2,655.

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 $1,648 to $5,680, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $4,995. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $10,000.

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.

decorative image for An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.