
Cheap Homes for Rent in Oviedo, FL from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Oviedo.


4047 Stonefield Dr

324 Queen Ave

14503 Kristenright LN, Unit 1

1824 Lake St

2155 Alafaya Trail, Unit Room
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.

4233 Forest Island Dr

1685 Greenleaf Woods Cv

1218 La Mesa Ave

1989 Summer Club Dr

1949 Summer Club Dr

798 TETBURY Lp
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.
Oviedo, FL Local Guide

How much does it cost to rent a home in Oviedo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oviedo 2 Bedroom Homes for Rent | $1,832 | $1,575 | $2,350 |
| Oviedo 3 Bedroom Homes for Rent | $2,378 | $1,715 | $3,370 |
| Oviedo 4 Bedroom Homes for Rent | $2,877 | $980 | $4,160 |
| Oviedo 5 Bedroom Homes for Rent | $3,527 | $2,600 | $5,500 |
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Oviedo, FL Local Guide
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Cheapest Neighborhoods for Apartments in Oviedo, FL
Pricing Updated: 07/05/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Oviedo | $5,500 | $800 | 27 |
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 $1,035. Mystic Cove in the Walden Chase neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,374. Here is today’s list of the most affordable Oviedo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northgate Lakes | 3x3 | 3BR,3BA | $1,035 |
| Mystic Cove | Two Bedroom Two Bath | 2BR,2BA | $1,374 |
| Enclave at Alafaya | Two Bedroom Two Bath (b) | 2BR,2BA | $1,399 |
| Legends Winter Springs | Cypress | 1BR,1BA | $1,415 |
| Trails at Loma | One Bedroom One Bath | 1BR,1BA | $1,424 |
Best Value Apartments for Rent in Oviedo, FL
As of July 06, 2026 the best value apartment in the Oviedo area is the $0.60 price per square foot Lumpkin B -4x4.5 Model at The Station Alafaya in the in the The Villages of Camelot neighborhood starting from $1,100. The second greatest value Oviedo apartment is the Fieldstone Model at Promenade at Aloma Apartments starting at $2,124 with a $1.68 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Station Alafaya | Lumpkin B -4x4.5 | 4BR,4.5BA | $0.60 |
| Promenade at Aloma Apartments | Fieldstone | 3BR,2BA | $1.68 |
| Oviedo Town Centre | Three Bedroom Two Bath (b) | 3BR,2BA | $1.36 |
| Mystic Cove | Three Bedroom Two Bath | 3BR,2BA | $1.37 |
| Knights Circle | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| Northgate Lakes | 3x2 | 3BR,2BA | $0.95 |
| Enclave at Alafaya | Two Bedroom Two Bath | 2BR,2BA | $1.69 |
| Grandeville at RiverPlace | Addison - Premium Plus | 1BR,1BA | $1.79 |
| Legends Winter Springs | Cypress | 1BR,1BA | $1.62 |
| Trails at Loma | One Bedroom One Bath | 1BR,1BA | $1.75 |
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 ArticleYour Guide to the Perfect Orlando Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Orlando, FL | Find Orlando Off-Campus Student Housing at ApartmentHomeLiving.com
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 Oviedo, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Oviedo
What type of rentals are currently available in Oviedo?
There are currently 41 Apartments for Rent in Oviedo, FL with pricing that ranges from $931 to $4,055. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oviedo ranging from $700 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 $700 to $5,500 with an average monthly rent of $2,332.
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 $931 to $4,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,715 to $3,370. Four Bedroom Single-Family rentals are also available starting from $980 and Four Bedroom Apartments start at $949.
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.

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.

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.

The Soul of the City Beautiful: What Life in Orlando Is Really Like
Written by: Darla Ferrara
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.