Cheap Homes for Rent in Oviedo, FL from $500 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Oviedo.

Oviedo, FL Local Guide

Cheapest Neighborhoods for Apartments in Oviedo, FL

Pricing Updated: 11/14/2025

Current apartment rentals in the Oviedo, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Oviedo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Oviedo$2,279$1,19982

Cheapest Available Oviedo Apartments for Rent

 

The cheapest available apartment rental in Oviedo, FL is a 3 Beds unit found at Northgate Lakes in the The Villages of Camelot neighborhood priced from $1,070. Mystic Cove in the Walden Chase neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Oviedo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northgate Lakes3x33BR,3BA$1,070
Mystic CoveOne Bedroom One Bath1BR,1BA$1,095
Enclave at AlafayaOne Bedroom One Bath1BR,1BA$1,297

Best Value Apartments for Rent in Oviedo, FL

As of November 14, 2025 the best value apartment in the Oviedo area is the $0.64 price per square foot Woodbury Flat Furnished-4x4 Model at The Station Alafaya in the in the The Villages of Camelot neighborhood starting from $1,125. The second greatest value Oviedo apartment is the Fieldstone Model at Promenade at Aloma Apartments starting at $2,068 with a $1.63 price per square foot in the The Villages of Camelot neighborhood. Here is today’s list of the best values for Oviedo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Station AlafayaWoodbury Flat Furnished-4x44BR,4BA$0.64
Promenade at Aloma ApartmentsFieldstone3BR,2BA$1.63
Oviedo Town CentreThree Bedroom Two Bath3BR,2BA$1.48
Alafaya WoodsAzalea2BR,2BA$1.49
Knights Circle2 Bedroom 2 Bathroom2BR,2BA$1.08
Northgate Lakes3x23BR,2BA$0.93
Grandeville at RiverPlaceAddison - Premium1BR,1BA$1.66
Legends Winter SpringsCypress1BR,1BA$1.65
Trails at LomaOne Bedroom One Bath1BR,1BA$1.69
Mystic CoveOne Bedroom One Bath1BR,1BA$1.49

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Oviedo, FL

Ranked #535

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oviedo, FL Rentals by Map

View Map
Oviedo, FL Apartments Map
View Map
Oviedo, FL Rental Homes Map

Frequently Asked Questions about Oviedo

What type of rentals are currently available in Oviedo?

There are currently 43 Apartments for Rent in Oviedo, FL with pricing that ranges from $870 to $3,025. There are also 150 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oviedo ranging from $525 to $5,500.

What is the current price range for Rental Homes in Oviedo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oviedo ranges from $525 to $5,500 with an average monthly rent of $2,648.

How much are larger Three and Four Bedroom Rentals in Oviedo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oviedo range from $955 to $3,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $870.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.