Cheap Homes for Rent in Lake Magdalene Neighborhood of Tampa, FL from $1,000 (9 Rentals)

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

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.

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.

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 $812. 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$812
Shadow Pines2BR/2.0BA2BR,2BA$940
Regency Square ApartmentsSTUDStudio,1BA$975

Best Value Apartments for Rent in Lake Magdalene, FL

As of June 13, 2025 the best value apartment in the Lake Magdalene area is the $1.34 price per square foot 2/2.5 Model at Palm Flats Apartments in the in the University Square neighborhood starting from $1,699. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Palm Flats Apartments2/2.52BR,2BA$1.34
Shadow Pines3BR/2.0BA3BR,2BA$1.42
Reflections3/3U w/ Quartz Leased By The Room3BR,3BA$0.74
Spanish Trace2x22BR,2BA$1.29
Royal Palm Key2 Bed, 2 Bath2BR,2BA$1.35
Sunscape Apartment HomesOne Bedroom Large1BR,1BA$1.84
Windwood Oaks Apartments1x1 Marathon1BR,1BA$1.95
Palms at Sand LakeA11BR,1BA$1.54
Lago Bello Apartment Homes1 Bedroom/1 Bath1BR,1BA$1.95
Verra North1 Bedroom 1 Bath1BR,1BA$1.74

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Frequently Asked Questions about Lake Magdalene

What type of rentals are currently available in Lake Magdalene?

There are currently 147 Apartments for Rent in Lake Magdalene, FL with pricing that ranges from $614 to $4,318. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Magdalene ranging from $1,000 to $7,700.

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 $1,000 to $7,700 with an average monthly rent of $3,419.

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 $819 to $4,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,825 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,490 and Four Bedroom Apartments start at $749.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.