Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $600 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Magdalene area of Tampa.

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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.

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12703 N 15th St
2 Bedroom Apartments

12703 N 15th St

12703 N 15th StTampa, FL 33612
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Fountainview Apartments
1 to 3 Bedroom Apartments

Fountainview Apartments

1301 Floating Fountain CirTampa, FL 33612
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Pine Crest
2 Bedroom Apartments

Pine Crest

11302 N 15th StTampa, FL 33612
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Tampa Commons
3 Bedroom Apartments

Tampa Commons

1506 E 138th AveTampa, FL 33613
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La Vista Oaks Apartments
1 to 4 Bedroom Apartments

La Vista Oaks Apartments

12771 Saint James Place DrTampa, FL 33612
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Uptown Sky
2 to 3 Bedroom Apartments

Uptown Sky

13635 N 12th StTampa, FL 33613

Lake Magdalene, Tampa, FL Local Guide

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 $805. Shadow Pines has the second lowest priced unit, which is a 2 Beds apartment currently listed from $940. Here are the most affordable Lake Magdalene apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Copeland VillageStudioStudio,1BA$805
Shadow Pines2BR/2.0BA2BR,2BA$940
Verra North1 Bedroom 1 Bath1BR,1BA$999
Oakwood Apartments1 Bedroom1BR,1BA$1,000
Bella Mar Apartment HomesOne Bedroom One Bath - A11BR,1BA$1,039

Best Value Apartments for Rent in Lake Magdalene, FL

As of September 01, 2025 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 2x2 Model at Spanish Trace starting at $1,255 with a $1.29 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shadow Pines3BR/2.0BA3BR,2BA$1.42
Spanish Trace2x22BR,2BA$1.29
Palm Flats Apartments2/22BR,2BA$1.49
Royal Palm Key2 Bed, 2 Bath2BR,2BA$1.35
Waterstone at CarrollwoodB1r2BR,1BA$1.84
Regency Square Apartments1/11BR,1BA$1.68
Windwood Oaks Apartments1x1 Marathon1BR,1BA$1.72
Palms at Sand LakeA11BR,1BA$1.70
Bella Mar Apartment HomesOne Bedroom One Bath - A11BR,1BA$1.73
Verra North1 Bedroom 1 Bath1BR,1BA$1.74

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Pet Friendly Lifestyle
Lake Magdalene, Tampa, FL

Ranked #214

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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!

Getting Around the Lake Magdalene Neighborhood in Tampa, FL

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

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 $1,144.

What is the price of a cheap apartment in Lake Magdalene?

The cheapest apartment in Lake Magdalene is Verra North which is listed at $999, while the average apartment in Lake Magdalene costs $1,659.

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 103 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 $662 which is $997 cheaper than the average rent for all rentals in Lake Magdalene.

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.

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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.

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For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.