
Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $600 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Magdalene area of Tampa.


Countrywood

Shadow Pines

Verra North

Bella Mar Apartment Homes

Vista Palms

Park at Lake Magdalene Apartments and Townhomes

Viva Tampa

Regency Square Apartments
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.

Sunscape Apartment Homes

12401 N 15th St, Unit Cinnamon Cove - 1 Bedroom

Oak Chase Apartments

Palencia

Total Monthly Price
Palm Square

Windwood Oaks Apartments

1306 E 137th Ave

The Grove Apartments

Lago Bello Apartment Homes
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.

Seven Lakes at Carrollwood

1216 E 138th Ave

1323 Baywatch Loop

13214 Bunn Cir, Unit 5

Greenbriar & Willow Apartments

1214 E 138th Ave

12703 N 15th St

Haley Park

1254 E 113th Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Pine Crest

Tampa Commons

La Vista Oaks Apartments

Country Oaks Apartments

Uptown Sky

Bella Vista Apartments

Lexington Court

Oakwood Apartments

Uptown Palms Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Palms at Sand Lake

1306 E 137th Ave

Courtyard Suites and Apartments

Azure East

Fountainview Apartments

Silvertree Tampa

Curiosity Creek Apartments

The Woodlands at North Tampa

SMS 2 - 1515 E 139TH AVE
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

918 E 121st Ave

2110 Seaman Rd

13686 Orange Sunset Dr

15101 N 15th St
Lake Magdalene, Tampa, FL Local Guide

How much does it cost to rent an apartment in Lake Magdalene?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Magdalene Studio Apartments | $1,045 | $867 | $1,325 |
| Lake Magdalene 1 Bedroom Apartments | $1,280 | $999 | $1,800 |
| Lake Magdalene 2 Bedroom Apartments | $1,527 | $940 | $2,300 |
| Lake Magdalene 3 Bedroom Apartments | $1,970 | $1,511 | $2,550 |
| Lake Magdalene 4 Bedroom Apartments | $5,927 | $1,680 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Lake Magdalene Neighborhood of Tampa, FL.
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Lake Magdalene, Tampa, FL Local Guide
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Cheapest Available Lake Magdalene Apartments for Rent
 The cheapest available apartment rental in the Lake Magdalene area of Tampa, FL is a Studio unit found at Copeland Village priced from $762. Countrywood has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Lake Magdalene apartments for rent in Tampa, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Copeland Village | Studio | Studio,1BA | $762 |
| Countrywood | Studio | Studio,1BA | $899 |
| Shadow Pines | 2BR/2.0BA | 2BR,2BA | $940 |
| Bella Mar Apartment Homes | One Bedroom One Bath - A1 | 1BR,1BA | $999 |
| Verra North | 1 Bedroom 1 Bath | 1BR,1BA | $999 |
| Vista Palms | A1R | 1BR,1BA | $1,049 |
| Park at Lake Magdalene Apartments and Townhomes | Studio | Studio,1BA | $1,060 |
| Viva Tampa | 1x1 Standard | 1BR,1BA | $1,099 |
| Regency Square Apartments | 1/1 | 1BR,1BA | $1,099 |
| Sunscape Apartment Homes | One Bedroom Small | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Lake Magdalene, FL
As of June 18, 2026 the best value apartment in the Lake Magdalene area is the $1.42 price per square foot 3BR/2.0BA Model at Shadow Pines in the in the University Square neighborhood starting from $1,700. The second greatest value Lake Magdalene apartment is the 3/2 Model at Oak Chase Apartments starting at $1,511 with a $1.48 price per square foot in the University Square neighborhood. Here is today’s list of the best values for Lake Magdalene apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadow Pines | 3BR/2.0BA | 3BR,2BA | $1.42 |
| Oak Chase Apartments | 3/2 | 3BR,2BA | $1.48 |
| Spanish Trace | 2x2 | 2BR,2BA | $1.41 |
| Palm Flats Apartments | 2/2 | 2BR,2BA | $1.39 |
| Royal Palm Key | 2 Bed, 2 Bath | 2BR,2BA | $1.49 |
| REVERE LANDINGS | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.74 |
| Regency Square Apartments | 1/1PL | 1BR,1BA | $1.64 |
| Palms at Sand Lake | A1 | 1BR,1BA | $1.68 |
| The Grove Apartments | The Pine | 1BR,1BA | $1.84 |
| Verra North | 1 Bedroom 1 Bath | 1BR,1BA | $1.74 |
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 ArticleTop Student Friendly Neighborhoods to Rent Near Colleges in Tampa
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Tampa Bay area for affordable living. Find your perfect Tampa Student apartment, condo, or rental home today 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.
Pet Friendly LifestyleLake Magdalene, Tampa, FL
Ranked #183
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Lake Magdalene, Tampa, FL
School data provided by Great Schools
Lifestyle Ratings
This website works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lake Magdalene, Tampa, and the greater Tampa area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Lake Magdalene Apartments
What is a cheap apartment in Lake Magdalene?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Magdalene is under $1,099.
What is the price of a cheap apartment in Lake Magdalene?
The cheapest apartment in Lake Magdalene is Bella Mar Apartment Homes which is listed at $999, while the average apartment in Lake Magdalene costs $5,892.
What types of apartments are the cheapest in Lake Magdalene?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Lake Magdalene that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Magdalene?
Cheap apartments in Lake Magdalene have an average cost of $671 which is $5,221 cheaper than the average rent for all rentals in Lake Magdalene.
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

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa
Written by: Vickie Ferguson
Hi, and welcome to ApartmentHomeLiving.com, we're here to provide you with all the information you need about top areas in and around Tampa that are great choices to call home.

Top Student Friendly Neighborhoods to Rent Near Colleges in Tampa
Written by: Vickie Ferguson
Hi, I'm Vickie, and welcome to Apartment Home Living. As a long-time resident of Tampa, I'm here to serve as your expert local guide in and around the city's neighborhoods that are near to local colleges and universities.

Sun, Sand, and a Short Commute: The Renters Guide to Tampa's Best Neighborhoods
Written by: Vickie Ferguson
Hi, and welcome to ApartmentHomeLiving.com, where you'll find information about Tampa's inviting, diverse, and community-friendly neighborhoods.
Articles, How-To's, and Tips

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.