Cheap Homes for Rent in Lake Magdalene Neighborhood of Tampa, FL from $1,200 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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

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

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 $844. 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$844
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 25, 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
Deerpath on the LakeThe Hibiscus1BR,1BA$1.70
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$1.77
Palms at Sand LakeA11BR,1BA$1.79
Lago Bello Apartment Homes1 Bedroom/1 Bath1BR,1BA$1.90
Verra North1 Bedroom 1 Bath1BR,1BA$1.74

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lake Magdalene

What type of rentals are currently available in Lake Magdalene?

There are currently 150 Apartments for Rent in Lake Magdalene, FL with pricing that ranges from $513 to $4,228. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Magdalene ranging from $1,250 to $7,700.

What is the current price range for Rental Homes in Lake Magdalene?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Magdalene ranges from $1,250 to $7,700 with an average monthly rent of $2,890.

How much are larger Three and Four Bedroom Rentals in Lake Magdalene?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Magdalene range from $666 to $2,329, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,660 and Four Bedroom Apartments start at $724.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.