
Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $400 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Magdalene area of Tampa.

Tampa's Best Affordable Neighborhoods
Learn about Tampa and the best places to live with original content written by our Tampa, FL Local Expert Vickie Ferguson
Lake Magdalene, Tampa, FL Local Guide

How much does it cost to rent an apartment in Lake Magdalene?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Magdalene Studio Apartments | $1,281 | $867 | $1,658 |
Lake Magdalene 1 Bedroom Apartments | $1,328 | $465 | $3,269 |
Lake Magdalene 2 Bedroom Apartments | $1,769 | $536 | $3,825 |
Lake Magdalene 3 Bedroom Apartments | $1,809 | $600 | $2,297 |
Lake Magdalene 4 Bedroom Apartments | $973 | $649 | $1,298 |
Browse Apartments in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Lake Magdalene, FL
As of March 29, 2025 the best value apartment in the Lake Magdalene area is the $1.42 price per square foot 3BR/2.0BA Model at Shadow Pines in the in the University Square neighborhood starting from $1,700. The second greatest value Lake Magdalene apartment is the The Valencia Model at Deerpath on the Lake starting at $1,760 with a $1.60 price per square foot in the West Tampa 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. |
---|---|---|---|
Shadow Pines | 3BR/2.0BA | 3BR,2BA | $1.42 |
Deerpath on the Lake | The Valencia | 2BR,2BA | $1.60 |
Villas at Deer Park Apartments | Fully Renovated 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.74 |
324 Oak Rose Ln | 324 Oak Rose Ln | 2BR,1BA | $1.61 |
Azure East | Dolphin | 2BR,2BA | $2.05 |
Regency Square Apartments | 1/1 | 1BR,1BA | $1.68 |
Palms at Sand Lake | A1 | 1BR,1BA | $1.77 |
Greenbriar Apartments | One Bedroom | 1BR,1BA | $1.91 |
Lago Bello | One Bedroom | 1BR,1BA | $1.85 |
Verra North | 1 Bedroom 1 Bath | 1BR,1BA | $1.74 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLake Magdalene, Tampa, FL
Ranked #141
Among neighborhoods in Tampa, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lake Magdalene, Tampa, FL
School data provided by Great Schools
Best Local Schools in Lake Magdalene, Tampa, FL
School data provided by Great Schools
Lifestyle Ratings
This website works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lake Magdalene, Tampa, and the greater Tampa area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Lake Magdalene Neighborhood in Tampa, FL
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
28 / 100
Some Transit
A few nearby public transportation options
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 Magdalene Apartments
What is a cheap apartment in Lake Magdalene?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Magdalene is under $1,155.
What is the price of a cheap apartment in Lake Magdalene?
The cheapest apartment in Lake Magdalene is Verra North which is listed at $999, while the average apartment in Lake Magdalene costs $1,832.
What types of apartments are the cheapest in Lake Magdalene?
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 150 regular apartments in Lake Magdalene that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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.

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.

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.