Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $600 (65 Rentals)

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

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.

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Palm Square
Rent Specials
$1,125 - $1,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,775
Total Monthly Price
$1,125 - $1,775
1 to 2 Bedroom Apartments Available Now

Palm Square

102 E 122nd AveTampa, FL 33612
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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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.

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Allora Uptown
Rent Specials
$1,575 - $2,385
Total Monthly Price

Total Monthly Price

Base Rent
$1,575 - $2,385
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Allora Uptown

14350 Ambrosia StTampa, FL 33613
Affordability
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  • Customer Reviewed
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12703 N 15th St
2 Bedroom Apartments

12703 N 15th St

12703 N 15th StTampa, FL 33612
  • Utilities Included
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Haley Park
1 to 2 Bedroom Apartments

Haley Park

1510 E 130th AveTampa, FL 33612
Senior Living
  • Utilities Included
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Pine Crest
Studio to 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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Shadow Pines
1 to 3 Bedroom Apartments

Shadow Pines

12202 N 15th StTampa, FL 33612

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Uptown Sky
2 to 3 Bedroom Apartments

Uptown Sky

13635 N 12th StTampa, FL 33613
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Lexington Court
1 to 2 Bedroom Apartments

Lexington Court

11738 N 14th StTampa, FL 33612
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Palms at Sand Lake
1 to 2 Bedroom Apartments

Palms at Sand Lake

1302 Cooperstown CtTampa, FL 33613
property at 1306 E 137th Ave

$1,149

Total Monthly Price

Total Monthly Price

Base Rent
$1,149
Total Monthly Price
$1,149

1 Bedroom, 1 Bath Condo for Rent

Available Now

1306 E 137th Ave

TampaFL33613

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $802. Bella Mar Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Lake Magdalene apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Copeland VillageStudioStudio,1BA$802
Bella Mar Apartment HomesOne Bedroom One Bath - A11BR,1BA$899
Vista PalmsA11BR,1BA$999
Verra North1 Bedroom 1 Bath1BR,1BA$999
Viva Tampa1x1 Standard1BR,1BA$1,099
Regency Square Apartments1/11BR,1BA$1,099
Sunscape Apartment HomesOne Bedroom Small1BR,1BA$1,099
Uptown Palms ApartmentsA11BR,1BA$1,099
SMS 2 - 1515 E 139TH AVE1/11BR,1BA$1,100
Oak Chase Apartments1/11BR,1BA$1,103

Best Value Apartments for Rent in Lake Magdalene, FL

As of April 27, 2026 the best value apartment in the Lake Magdalene area is the $1.48 price per square foot 3/2 Model at Oak Chase Apartments in the in the University Square neighborhood starting from $1,511. 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.
Oak Chase Apartments3/23BR,2BA$1.48
Spanish Trace2x22BR,2BA$1.29
Palm Flats Apartments2/22BR,2BA$1.39
Palm Square2 bed 2 bath 9502BR,2BA$1.50
Royal Palm Key2 Bed, 2 Bath2BR,2BA$1.35
Bella Mar Apartment HomesTwo Bedroom One Bath - B12BR,1BA$1.54
Regency Square Apartments1/1PL1BR,1BA$1.64
SMS 2 - 1515 E 139TH AVE1/11BR,1BA$1.69
Palms at Sand LakeA11BR,1BA$1.74
Verra North1 Bedroom 1 Bath1BR,1BA$1.74

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Top 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

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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.

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Pet Friendly Lifestyle
Lake Magdalene, Tampa, FL

Ranked #196

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $1,103.

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 $899, while the average apartment in Lake Magdalene costs $5,869.

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 47 regular apartments in Lake Magdalene that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa article

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.