
Cheap Apartments for Rent in the Lake Terrace Neighborhood of Orlando, FL from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Terrace area of Orlando.


Sands Orlando

1812 Curry Ford Rd

The Park at Venosa

Goldelm at Salerno

Woodlake Villas

Barber Park Apartments

Dover Gardens

1243 E Ridgewood St

MAA Parkside
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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Skyhouse Apartments

Lake Lucerne Towers
Orlando's Best Affordable Neighborhoods
Learn about Orlando and the best places to live with original content written by our Local Expert Darla F
Lake Terrace, Orlando, FL Local Guide

How much does it cost to rent an apartment in Lake Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Terrace Studio Apartments | $1,745 | $1,057 | $3,575 |
Lake Terrace 1 Bedroom Apartments | $1,955 | $1,191 | $4,764 |
Lake Terrace 2 Bedroom Apartments | $2,272 | $1,397 | $5,828 |
Lake Terrace 3 Bedroom Apartments | $2,989 | $1,900 | $6,883 |
Lake Terrace 4 Bedroom Apartments | $4,569 | $2,235 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Lake Terrace Neighborhood of Orlando, FL.
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Lake Terrace, Orlando, FL Local Guide
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Cheapest Available Lake Terrace Apartments for Rent
 The cheapest available apartment rental in the Lake Terrace area of Orlando, FL is a Studio unit found at The Cornerstone Apartments priced from $1,057. Woodlake Villas has the second lowest priced unit, which is a Studio apartment currently listed from $1,210. Here are the most affordable Lake Terrace apartments for rent in Orlando, FL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Cornerstone Apartments | 0x1 Palm Studio S1U | Studio,1BA | $1,057 |
Woodlake Villas | Studio | Studio,1BA | $1,210 |
Barber Park Apartments | Fairview | 1BR,1BA | $1,213 |
SODO FLATS LIVING | 1/1 B | 1BR,1BA | $1,349 |
Sands Orlando | 1 Bedroom 1B | 1BR,1BA | $1,430 |
Skye at Conway | A1 | 1BR,1BA | $1,430 |
Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1,436 |
Skyhouse Apartments | 1x1 8 | 1BR,1BA | $1,560 |
Lake Lucerne Towers | 2 Bedroom | 2BR,2BA | $1,630 |
Cortland on Orange | Anderson | Studio,1BA | $1,655 |
Best Value Apartments for Rent in Lake Terrace, FL
As of April 27, 2025 the best value apartment in the Lake Terrace area is the $1.45 price per square foot Valencia Model at Conway Forest in the in the East Central Park neighborhood starting from $1,749. The second greatest value Lake Terrace apartment is the Floorplan 2 Model at Azalea Gardens starting at $1,750 with a $1.46 price per square foot in the North Orange neighborhood. Here is today’s list of the best values for Lake Terrace apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Conway Forest | Valencia | 2BR,2BA | $1.45 |
Azalea Gardens | Floorplan 2 | 2BR,2BA | $1.46 |
322 E Central Blvd, Unit apt 911 | 322 E Central Blvd | 2BR,2BA | $2.07 |
322 E Central Blvd, Unit 1506 | 322 E Central Blvd | 2BR,2BA | $2.31 |
The Park at Venosa | 3BD/2Bath | 3BR,2BA | $1.70 |
MAA Parkside | Traditional 2x2 1022-1115 SF | 2BR,2BA | $2.17 |
Lake Lucerne Towers | 2 Bedroom | 2BR,2BA | $1.60 |
103 S Osceola Ave, Unit 1 | 103 S Osceola Ave | 1BR,1BA | $2.28 |
109 S Osceola Ave, Unit 1 | 109 S Osceola Ave | 1BR,1BA | $2.28 |
Bridgewater by Trion Living | 1 Bedroom | 1BR,1BA | $1.98 |
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Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Orlando. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Lake Terrace Neighborhood in Orlando, FL
Walk Score®
70 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
49 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
7 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lake Terrace Apartments
What is the Cheapest Studio apartment in Lake Terrace?
Currently the most affordable Cheap Studio Apartment in Lake Terrace is at The Cornerstone Apartments listed at $1,057.
How much is rent for a Cheap One Bedroom Lake Terrace Apartment?
The lowest price for a Cheap One Bedroom Lake Terrace Apartment is $1,191 at The Cornerstone Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Terrace Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Terrace is starting from $1,397 at Barber Park Apartments.
What is the most affordable Lake Terrace Three Bedroom Apartment?
The best deal on a cheap Lake Terrace Three Bedroom Apartment rental is at The Park at Venosa and starts from $1,909.
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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Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.