
Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Magdalene area of Tampa.


Copeland Village

Bella Mar Apartment Homes

Countrywood
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Lago Bello Apartment Homes

1404 Maluhia Dr

Verra North

Vista Palms
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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 | $1,016 | $852 | $1,266 |
| Lake Magdalene 1 Bedroom Apartments | $1,291 | $614 | $1,810 |
| Lake Magdalene 2 Bedroom Apartments | $1,561 | $728 | $2,325 |
| Lake Magdalene 3 Bedroom Apartments | $1,598 | $833 | $2,074 |
| Lake Magdalene 4 Bedroom Apartments | $1,301 | $923 | $1,680 |
Browse Apartments in this Neighborhood
There are currently 15 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Copeland Village | Studio | Studio,1BA | $762 |
| Bella Mar Apartment Homes | One Bedroom One Bath - A1 | 1BR,1BA | $899 |
| Shadow Pines | 2BR/2.0BA | 2BR,2BA | $940 |
| Verra North | 1 Bedroom 1 Bath | 1BR,1BA | $999 |
| Countrywood | Studio | Studio,1BA | $999 |
Best Value Apartments for Rent in Lake Magdalene, FL
As of December 27, 2025 the best value apartment in the Lake Magdalene area is the $1.17 price per square foot 4x2 Model at Spanish Trace in the in the University Square neighborhood starting from $1,596. The second greatest value Lake Magdalene apartment is the 3BR/2.0BA Model at Shadow Pines starting at $1,700 with a $1.42 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. |
|---|---|---|---|
| Spanish Trace | 4x2 | 4BR,2BA | $1.17 |
| Shadow Pines | 3BR/2.0BA | 3BR,2BA | $1.42 |
| Palm Flats Apartments | 2/2 | 2BR,2BA | $1.44 |
| Palms at Sand Lake | B1 | 2BR,1BA | $1.51 |
| Royal Palm Key | 2 Bed, 2 Bath | 2BR,2BA | $1.35 |
| Regency Square Apartments | 1/1 | 1BR,1BA | $1.57 |
| The Grove Apartments | The Pine | 1BR,1BA | $1.84 |
| Palencia | Barcelona | 1BR,1BA | $1.82 |
| Lago Bello Apartment Homes | 1 Bedroom/1 Bath | 1BR,1BA | $1.67 |
| 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.
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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 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 #166
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 $899, while the average apartment in Lake Magdalene costs $1,549.
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 70 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 $609 which is $940 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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.






