
Cheap Homes for Rent in Downtown Oviedo Neighborhood of Oviedo, FL from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Oviedo area of Oviedo.


1989 Summer Club Dr

431 Geneva Dr
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.

654 Pinebranch Cir

788 Lincoln Pkwy

320 Roosevelt Square
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.

786 Lincoln Pkwy
Downtown Oviedo, Oviedo, FL Local Guide

How much does it cost to rent a home in Downtown Oviedo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Oviedo 2 Bedroom Homes for Rent | $1,769 | $1,649 | $1,900 |
| Downtown Oviedo 3 Bedroom Homes for Rent | $2,430 | $1,950 | $3,295 |
| Downtown Oviedo 4 Bedroom Homes for Rent | $3,399 | $2,999 | $3,999 |
| Downtown Oviedo 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Oviedo Neighborhood of Oviedo, FL.
Explore Oviedo
Downtown Oviedo, Oviedo, FL Local Guide
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Cheapest Available Downtown Oviedo Apartments for Rent
 The cheapest available apartment rental in the Downtown Oviedo area of Oviedo, FL is a 2 Beds unit found at Oviedo Town Centre priced from $1,499. Alafaya Woods has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,508. Here are the most affordable Downtown Oviedo apartments for rent in Oviedo, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oviedo Town Centre | Two Bedroom Two Bath (b) | 2BR,2BA | $1,499 |
| Alafaya Woods | Azalea | 2BR,2BA | $1,508 |
| Legends Winter Springs | Cypress | 1BR,1BA | $1,607 |
Best Value Apartments for Rent in Downtown Oviedo, FL
As of May 26, 2026 the best value apartment in the Downtown Oviedo area is the $1.37 price per square foot Azalea Model at Alafaya Woods in the in the Walden Chase neighborhood starting from $1,508. The second greatest value Downtown Oviedo apartment is the Two Bedroom Two Bath (b) Model at Oviedo Town Centre starting at $1,499 with a $1.46 price per square foot in the Walden Chase neighborhood. Here is today’s list of the best values for Downtown Oviedo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Alafaya Woods | Azalea | 2BR,2BA | $1.37 |
| Oviedo Town Centre | Two Bedroom Two Bath (b) | 2BR,2BA | $1.46 |
| Legends Winter Springs | Cypress | 1BR,1BA | $1.84 |
| Oviedo Grove | Birchwood | 1BR,1BA | $2.35 |
| ARIUM at Oviedo Park | Lennon | 1BR,1BA | $2.34 |
| The Strand | A7 | 1BR,1BA | $2.73 |
| Dwell Oviedo | Bronze | 1BR,1BA | $2.75 |
| The Ellington at Oviedo Park | A1 | 1BR,1BA | $2.89 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Downtown Oviedo, Oviedo, FL
School data provided by Great Schools
Frequently Asked Questions about Downtown Oviedo
What type of rentals are currently available in Downtown Oviedo?
There are currently 17 Apartments for Rent in Downtown Oviedo, FL with pricing that ranges from $1,234 to $3,810. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Oviedo ranging from $1,500 to $5,500.
What is the current price range for Rental Homes in Downtown Oviedo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Oviedo ranges from $1,500 to $5,500 with an average monthly rent of $2,919.
How much are larger Three and Four Bedroom Rentals in Downtown Oviedo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Oviedo range from $1,599 to $3,810, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,999 and Four Bedroom Apartments start at $1,899.
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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.

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.

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.