Cheap Apartments for Rent in the Lake Eola Neighborhood of Orlando, FL from $800 (23 Rentals)

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

Orlando's Best Affordable Neighborhoods

Learn about Orlando and the best places to live with original content written by our Local Expert Darla F

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520 Broadway Ave
1 Bedroom Apartments

520 Broadway Ave

520 Broadway AveOrlando, FL 32803
  • Utilities Included
  • Smoke Free
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Harwood Street
1 to 2 Bedroom Apartments

Harwood Street

714 E Harwood StOrlando, FL 32803
property at 206 E South St

206 E South St

OrlandoFL32801
property at 101 S Eola Dr

101 S Eola Dr

OrlandoFL32801
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55 W Church St
Studio to 3 Bedroom Apartments

55 W Church St

55 W Church StOrlando, FL 32801

Lake Eola, Orlando, FL Local Guide

Cheapest Available Lake Eola Apartments for Rent

 

The cheapest available apartment rental in the Lake Eola area of Orlando, FL is a Studio unit found at Alexan Mills 50 priced from $1,465. Central Station on Orange has the second lowest priced unit, which is a Studio apartment currently listed from $1,475. Here are the most affordable Lake Eola apartments for rent in Orlando, FL:

Apartment ListingModel NameBed/BathPriced From
Alexan Mills 50S1 w/ Wall - DaliStudio,1BA$1,465
Central Station on OrangeS1Studio,1BA$1,475
MAA ParksideStudio 0x1 501-504 SFStudio,1BA$1,492
The Julian Orlando ApartmentsDa VinciStudio,1BA$1,513
Skyhouse Apartments1x1 81BR,1BA$1,574

Best Value Apartments for Rent in Lake Eola, FL

As of April 07, 2025 the best value apartment in the Lake Eola area is the $2.57 price per square foot Garland Model at Aspire Orlando in the in the Downtown Orlando neighborhood starting from $2,990. The second greatest value Lake Eola apartment is the 322 E Central Blvd Model at 322 E Central Blvd, Unit apt 911 starting at $2,400 with a $2.07 price per square foot in the Downtown Orlando neighborhood. Here is today’s list of the best values for Lake Eola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspire OrlandoGarland2BR,2BA$2.57
322 E Central Blvd, Unit apt 911322 E Central Blvd2BR,2BA$2.07
322 E Central Blvd, Unit 1506322 E Central Blvd2BR,2BA$2.31
103 S Osceola Ave, Unit 1103 S Osceola Ave1BR,1BA$2.28
109 S Osceola Ave, Unit 1109 S Osceola Ave1BR,1BA$2.28
The Yard at IvanhoeD1.11BR,1BA$2.68
55 WESTThe Greenwich Sky Loft1BR,1BA$2.59
RadiusLegend1BR,1BA$2.57
NORA Apartments1A1BR,1BA$2.54
Central Station on OrangeS1Studio ,1BA$2.77

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Pet Friendly Lifestyle
Lake Eola, Orlando, FL

Ranked #98

Among neighborhoods in Orlando, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Lake Eola Neighborhood in Orlando, FL

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

84 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

62 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Lake Eola Apartments

What is a cheap apartment in Lake Eola?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Eola is under $1,779.

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

The cheapest apartment in Lake Eola is Skyhouse Apartments which is listed at $1,574, while the average apartment in Lake Eola costs $3,060.

What types of apartments are the cheapest in Lake Eola?

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 158 regular apartments in Lake Eola 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 Eola?

Cheap apartments in Lake Eola have an average cost of $873 which is $2,187 cheaper than the average rent for all rentals in Lake Eola.

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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An Orlando Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Darla F

For many, Orlando is the place where you vacation, not live. However, this city, located in the central region of Florida, offers a vibrant tech community, plenty of outdoor activities, and some of the best schools in the country.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.