Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $400 (3 Rentals)

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

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12703 N 15th St
2 Bedroom Apartments

12703 N 15th St

12703 N 15th StTampa, FL 33612
  • Utilities Included
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Palm Court
1 to 3 Bedroom Apartments

Palm Court

1511 E 131st AveTampa, FL 33612
  • Utilities Included

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shadow Pines3BR/2.0BA3BR,2BA$1.42
Deerpath on the LakeThe Valencia2BR,2BA$1.60
Villas at Deer Park ApartmentsFully Renovated 2 Bedroom 1 Bath Apartment2BR,1BA$1.74
324 Oak Rose Ln324 Oak Rose Ln2BR,1BA$1.61
Azure EastDolphin2BR,2BA$2.05
Regency Square Apartments1/11BR,1BA$1.68
Palms at Sand LakeA11BR,1BA$1.77
Greenbriar ApartmentsOne Bedroom1BR,1BA$1.91
Lago BelloOne Bedroom1BR,1BA$1.85
Verra North1 Bedroom 1 Bath1BR,1BA$1.74

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Pet Friendly Lifestyle
Lake Magdalene, Tampa, FL

Ranked #141

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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.

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa article

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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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.