
Cheap Homes for Rent in Lake Magdalene Neighborhood of Tampa, FL from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Magdalene area of Tampa.


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

1306 E 137th Ave

918 E 121st Ave

13731 Juniper Blossom Dr

1510 E 151st Ave
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.

13214 Bunn Cir

12403 Hibiscus Oak Pl

13828 Orange Sunset Dr

13618 N Florida Ave

13760 Orange Sunset Dr

13214 Bunn Cir
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.
Lake Magdalene, Tampa, FL Local Guide

How much does it cost to rent a home in Lake Magdalene?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Magdalene 2 Bedroom Homes for Rent | $1,641 | $1,300 | $1,949 |
| Lake Magdalene 3 Bedroom Homes for Rent | $2,341 | $1,390 | $3,350 |
| Lake Magdalene 4 Bedroom Homes for Rent | $2,257 | $1,995 | $2,519 |
| Lake Magdalene 5 Bedroom Homes for Rent | $3,950 | $3,950 | $3,950 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Copeland Village | Studio | Studio,1BA | $802 |
| Bella Mar Apartment Homes | One Bedroom One Bath - A1 | 1BR,1BA | $899 |
| Vista Palms | A1 | 1BR,1BA | $999 |
| Verra North | 1 Bedroom 1 Bath | 1BR,1BA | $999 |
| Viva Tampa | 1x1 Standard | 1BR,1BA | $1,099 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Chase Apartments | 3/2 | 3BR,2BA | $1.48 |
| Spanish Trace | 2x2 | 2BR,2BA | $1.29 |
| Palm Flats Apartments | 2/2 | 2BR,2BA | $1.39 |
| Palm Square | 2 bed 2 bath 950 | 2BR,2BA | $1.50 |
| Royal Palm Key | 2 Bed, 2 Bath | 2BR,2BA | $1.35 |
| Bella Mar Apartment Homes | Two Bedroom One Bath - B1 | 2BR,1BA | $1.54 |
| Regency Square Apartments | 1/1PL | 1BR,1BA | $1.64 |
| SMS 2 - 1515 E 139TH AVE | 1/1 | 1BR,1BA | $1.69 |
| Palms at Sand Lake | A1 | 1BR,1BA | $1.74 |
| Verra North | 1 Bedroom 1 Bath | 1BR,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.
Read ArticleDon'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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 #196
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
Frequently Asked Questions about Lake Magdalene
What type of rentals are currently available in Lake Magdalene?
There are currently 150 Apartments for Rent in Lake Magdalene, FL with pricing that ranges from $802 to $10,059. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Magdalene ranging from $875 to $3,950.
What is the current price range for Rental Homes in Lake Magdalene?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Magdalene ranges from $875 to $3,950 with an average monthly rent of $2,052.
How much are larger Three and Four Bedroom Rentals in Lake Magdalene?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Magdalene range from $1,499 to $1,511, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,390 to $3,350. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $1,680.
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.

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.

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.

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.