Orlando, FL, is a stunning Central Florida city with lakes, lush greenery, and dozens of theme parks, like Walt Disney World. There are countless museums, botanic gardens, event venues, and hidden gems, making it a great place to rent an apartment.
The average rent for a studio in Orlando is $1,685, while a one-bedroom apartment costs $1,754. ApartmentGuide has compiled a list of the most affordable neighborhoods in Orlando to rent this year.
7 Affordable Neighborhoods in Orlando, FL
From the charming Lake Eola Heights to the bustling Downtown Orlando, these Orlando neighborhoods offer options that fit into your budget. Check out our list and find the perfect neighborhood for your next apartment in Orlando.
1. Ventura
2. Lake Eola Heights
3. Pineloch
4. South Semoran
5. Baldwin Park
6. South Orange
7. Downtown Orlando
Read on to see what each neighborhood has to offer its residents.
1. Ventura
Average studio rent: $1,020
Average 1-bedroom rent: $1,275
Apartments for rent in Ventura
Ventura is the most affordable neighborhood in Orlando. The average rent for a one-bedroom unit is $1,275, making it about $500 less than Orlando’s average. There are plenty of reasons to love living in Ventura, from attractions like the Ventura Country Club to green spaces like Leroy Hoequist Park. For renters living in Orlando without a car, there are a few bus stops nearby.
2. Lake Eola Heights
Average studio rent: $1,050
Average 1-bedroom rent: $1,350
Apartments for rent in Lake Eola Heights
Lake Eola Heights is a charming area just east of downtown Orlando. This affordable neighborhood has many attractions, such as the picturesque Lake Eola and Walt Disney Amphitheaters. It’s also just a few blocks away from the Central Business District, so it’s a great area for commuters and those looking for plenty of nightlife options. For example, you’re close to the SAK Comedy Club, Orange County Regional History Center, and the Vanguard. Lake Eola Heights is near the Lynx Central Station, so catching public transit is easy.
3. Pineloch
Average studio rent: $1,399
Average 1-bedroom rent: $1,399
Apartments for rent in Pineloch
With an average one-bedroom rent of $1,399, Pineloch is the third-most affordable neighborhood in Orlando. This neighborhood is an excellent option as it’s near attractions like Lake Conway and the Market at Southside. There are also picturesque views of Lake Pineloch, so this area is great for those looking to be close to nature.
4. South Semoran
Average studio rent: $1,265
Average 1-bedroom rent: $1,623
Apartments for rent in South Semoran
South Semoran is the fourth-most affordable neighborhood in Orlando, located in the southeastern part of the city. This neighborhood is a great option if you’re looking for access to plenty of shops and restaurants, as there are plenty of places along South Semoran Boulevard. For example, you can easily access Barber Park, Lake Fredrica, and Lake Conway.
5. Baldwin Park
Average studio rent: $1,300
Average 1-bedroom rent: $2,150
Apartments for rent in Baldwin Park
Just about 3 miles from downtown, Baldwin Park is a stellar neighborhood if you want to live near Downtown while being close to nature. Baldwin Park is home to Lake Baldwin, a beautiful lake with a park and trails, and Blue Jacket Park. You can also check out the charming New Broad Street, which has several restaurants and cafes like Gator’s Dockside and Tactical Brewing Co.
6. South Orange
Average studio rent: $1,595
Average 1-bedroom rent: $1,639
Apartments for rent in South Orange
Next up is South Orange, the sixth-most affordable neighborhood in Orlando. South Orange is a charming area just south of downtown with plenty of parks, restaurants, and attractions. Make sure to enjoy the outdoors at Lake Lucerne or grab a meal at one of the neighborhood restaurants. There’s something for everyone living in South Orange.
7. Downtown Orlando
Average studio rent: $1,656
Average 1-bedroom rent: $1,758
Apartments for rent in Downtown Orlando
Claiming the final spot on our list of affordable neighborhoods in Orlando. Also known as the Central Business District, Downtown Orlando has a lively atmosphere and community feeling, with plenty of local cafes and restaurants along Church Street, such as Kres Chophouse and Artisan’s Table. You can also check out some of Downtown Orlando’s green spaces, like Lake Eola Park, or enjoy a night out at Dr. Phillips Center for the Performing Arts.
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in March 2024.