Cheap Apartments for Rent in the Lake Magdalene Neighborhood of Tampa, FL from $500 (7 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
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Fountainview Apartments
1 to 3 Bedroom Apartments

Fountainview Apartments

1301 Floating Fountain CirTampa, FL 33612
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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

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Pine Crest
2 Bedroom Apartments

Pine Crest

11302 N 15th StTampa, FL 33612

Lake Magdalene, Tampa, FL Local Guide

Cheapest Available Lake Magdalene Apartments for Rent

 

The cheapest available apartment rental in the Lake Magdalene area of Tampa, FL is a Studio unit found at Copeland Village priced from $837. Shadow Pines has the second lowest priced unit, which is a 2 Beds apartment currently listed from $940. Here are the most affordable Lake Magdalene apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Copeland VillageStudioStudio,1BA$837
Shadow Pines2BR/2.0BA2BR,2BA$940
Verra North1 Bedroom 1 Bath1BR,1BA$999

Best Value Apartments for Rent in Lake Magdalene, FL

As of April 28, 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 2x2 Model at Spanish Trace starting at $1,255 with a $1.29 price per square foot in the University Square 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
Spanish Trace2x22BR,2BA$1.29
324 Oak Rose Ln324 Oak Rose Ln2BR,1BA$1.56
Viridian ApartmentsSalvia1BR,1BA$1.69
Regency Square Apartments1/11BR,1BA$1.68
Sunscape Apartment HomesOne Bedroom Large1BR,1BA$1.84
Windwood Oaks Apartments1x1 Marathon1BR,1BA$1.79
Palms at Sand LakeA11BR,1BA$1.77
Lago Bello Apartment Homes1 Bedroom/1 Bath1BR,1BA$1.90
Verra North1 Bedroom 1 Bath1BR,1BA$1.74

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Pet Friendly Lifestyle
Lake Magdalene, Tampa, FL

Ranked #149

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 $1,150.

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 $2,549.

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 130 regular apartments in Lake Magdalene 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 Magdalene?

Cheap apartments in Lake Magdalene have an average cost of $340 which is $2,209 cheaper than the average rent for all rentals in Lake Magdalene.

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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.