Cheap Apartments for Rent in the Lake Terrace Neighborhood of Orlando, FL from $500 (26 Rentals)

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

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Grove Park
1 to 2 Bedroom Apartments

Grove Park

5317-5325 Curry Ford RdOrlando, FL 32812
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Whitney Grove Apartments
Studio to 2 Bedroom Apartments

Whitney Grove Apartments

1638 S Crystal Lake DrOrlando, FL 32806
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Kinneret Apartments
Studio to 1 Bedroom Apartments

Kinneret Apartments

515 Delaney AveOrlando, FL 32801
Senior Living
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Cloverdale Apartments
1 to 2 Bedroom Apartments

Cloverdale Apartments

1911 Ranwill CtOrlando, FL 32806
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Whitney Groves Apartments
Studio to 2 Bedroom Apartments

Whitney Groves Apartments

1648 S Crystal Lake DrOrlando, FL 32806
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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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Primrose Orlando
1 Bedroom Apartments

Primrose Orlando

2716 E Washington StOrlando, FL 32803
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Park Plaza Apartments
1 to 2 Bedroom Apartments

Park Plaza Apartments

101 S Bumby AveOrlando, FL 32803
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Celano
1 Bedroom Apartments

Celano

2401 S Bumby AveOrlando, FL 32806
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Conway Forest
1 to 2 Bedroom Apartments

Conway Forest

2520 S Conway RdOrlando, FL 32812
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Conway Club
1 to 3 Bedroom Apartments

Conway Club

1900 S Conway RdOrlando, FL 32812
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Lake Terrace, Orlando, FL Local Guide

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 ListingModel NameBed/BathPriced From
The Cornerstone Apartments0x1 Palm Studio S1UStudio,1BA$1,057
Woodlake VillasStudioStudio,1BA$1,210
Barber Park ApartmentsFairview1BR,1BA$1,213
SODO FLATS LIVING1/1 B1BR,1BA$1,349
Sands Orlando1 Bedroom 1B1BR,1BA$1,430
Skye at ConwayA11BR,1BA$1,430
Bridgewater by Trion Living1 Bedroom1BR,1BA$1,436
Skyhouse Apartments1x1 81BR,1BA$1,560
Lake Lucerne Towers2 Bedroom2BR,2BA$1,630
Cortland on OrangeAndersonStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Conway ForestValencia2BR,2BA$1.45
Azalea GardensFloorplan 22BR,2BA$1.46
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
The Park at Venosa3BD/2Bath3BR,2BA$1.70
MAA ParksideTraditional 2x2 1022-1115 SF2BR,2BA$2.17
Lake Lucerne Towers2 Bedroom2BR,2BA$1.60
103 S Osceola Ave, Unit 1103 S Osceola Ave1BR,1BA$2.28
109 S Osceola Ave, Unit 1109 S Osceola Ave1BR,1BA$2.28
Bridgewater by Trion Living1 Bedroom1BR,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

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

Written by: Darla Ferrara

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

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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

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.