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Cheap Apartments for Rent in Orlando, FL - 136 Rentals available


Orlando’s average rent reached $1,389 in December

Orlando’s average rent reached $1,389 in December, after a 3.1% decrease since last year. One of Florida’s largest job hubs and a renter household-majority city (65%), Orlando is a desirable place to live and work in, with apartment prices below the national average of $1,462. [View Full Report]

Orlando apartment rent report

Orlando’s average rent was $1,389 in December

Orlando’s average rent reached $1,389 in December, after a 3.1% decrease since last year. One of Florida’s largest job hubs and a renter household-majority city (65%), Orlando is a desirable place to live and work in, with apartment prices below the national average of $1,462.

The average rent for an apartment in Orlando saw a decrease, while in Kissimmee ($1,356) prices went up by 1.4% since last year, and in Sanford ($1,207), rent went up by 0.5%.

Orlando apartment rent report

What it costs to rent in the largest renter hubs in the Orlando area

The city with the largest renter share is Orlando (65%), followed by Altamonte Springs and Kissimmee, where 59% of homes are renter households. In Altamonte Springs, apartment rents increased by 2.2% since last year, reaching $1,261. Sanford has the third largest share of renters (49%). In Maitland, where 48% of residents lease their homes, the average rent is $1,621, seeing an increase of 1.0% compared to the past year.

The priciest and cheapest cities for renters in the Orlando area

Oviedo is the priciest city for renters in the Orlando area, with apartments renting for $1,747 per month. The average rent for apartments in Maitland is $1,621, the second most expensive, while Windermere ($1,534) comes in third.

For renters in search of budget-friendly apartments, Sanford’s $1,207 average rent is the cheapest in the Orlando area followed by Casselberry’s $1,211 rate. Altamonte Springs rentals are the third least pricey on the list, with a $1,261 average.

Orlando apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Orlando, FL?

The price range of a cheap apartment is between $680 and $3,661. Find cheap apartments in Orlando, FL.

How many cheap rentals are available in Orlando, FL on RENTCafé?

There are 92 cheap rentals available on RENTCafé. Prices and availability in Orlando, FL were last updated on 15 Jan 2021.

What is the average size of a cheap apartment in Orlando, FL?

The average Orlando, FL cheap apartment size is 895 sq. ft.

What are the advantages of renting a cheap apartment in Orlando, FL?

Cheap apartments in Orlando, FL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Orlando, FL?

A cheap apartment in Orlando, FL offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Orlando, FL.

Renting a Cheap Apartment in Orlando

Home of Walt Disney World and many other amusement park attractions, Orlando is a top Florida tourist destination. This lake-dotted city is among the most-visited in the entire nation. Orlando is known for its warm tropical weather. The inland location of Orlando has slightly less risk of hurricane impact than some of Florida’s coastal cities. Outside of tourism, Orlando has a large technology sector to its economy, including many military-related companies, which employ tens of thousands of residents. Recreation opportunities here include fishing, boating and golf. Shopping is another popular Orlando pastime.

Orlando, FL Demographics

  • Total Population275,690
  • Female 132,885
    Male 142,805
  • Median Age33.5

Average Rent in Orlando, FL

  • Orlando, FL Average Rental Price, October 2020 $1,391 /mo

    Orlando, FL Apartment Rent Ranges

    • $701-$1,00013%
    • $1,001-$1,50057%
    • $1,501-$2,00023%
    • > $2,0007%

    Orlando, FL Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
    Orlando, FL $1,305 $1,338 $1,391 $1,397 $1,405 $1,439 $1,442 $1,438 $1,432 $1,413 $1,391
    National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
    /

    Orlando, FL Households

    • Total Number of Households111,674
    • Family 60,022
      Non-family 51,652
    • Children 31,454
      No Children 80,220
    • Average People Per Household2.45
    • Median Household Income$48,511
    • Median Housing Costs Per Month$1,150

    Orlando, FL Education Statistics

    • No High School3%
    • Some High School29%
    • Some College25%
    • Associate Degree10%
    • Bachelor Degree22%
    • Graduate Degree10%

    Looking for a cheap apartment for rent in Orlando, FL? With RENTCafé, finding an affordable apartment in Orlando, FL has never been easier. We feature 136 low-priced rentals directly from property managers, with rents lower than the Orlando, FL average. What is a cheap rent in Orlando, FL? The average apartment rent in Orlando is $1,391 per month so any rental south of $1,113 would be considered cheap here. On RENTCafé, Orlando, FL rents go as low as $680/mo.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!