Best Affordable Neighborhoods in Orlando, FL
Some of the cheapest neighborhoods in Orlando are Legacy, Lake Jasmine, and Lake Mann. These neighborhoods offer some of the lowest rent prices in Orlando, making them ideal for renters on a budget. As of April 9, 2026, the average rent in Orlando is $1,576, which is 1.8% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Legacy
Average Rent
$711/Month
Units Available
29 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Legacy. The average rent is $711, compared to the city average of $1,576. Legacy is convenient to Progress Plaza III, Fort Gatlin Recreation Complex, and Lorna Doone Park.
Lake Jasmine
Average Rent
$990/Month
Year-Over-Year Rent Change
8.3%
Units Available
76 Rentals
Lake Jasmine is an affordable neighborhood in Orlando with an average rent price of $990. Compare this to the city average of $1,576. In the past year, rent prices have decreased by 8.3%. Lake Jasmine provides easy access to Cypress Grove Park, Clear Lake Park, and Fort Gatlin Plaza.
Lake Mann
Average Rent
$1,082/Month
Year-Over-Year Rent Change
0.5%
Units Available
62 Rentals
If you’re looking for a great, affordable neighborhood in Orlando, Lake Mann might be the perfect place! It has an average rent price of $1,082, while the city’s average stands at $1,576. In the last year, prices have decreased by 0.5%. Lake Mann is near Kim Retail Center, Florida Hospital College, and Valencia College, West Campus.
Lake Ellenor
Average Rent
$1,094/Month
Year-Over-Year Rent Change
1.6%
Units Available
27 Rentals
Lake Ellenor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Ellenor is $1,094 while the city average is $1,576. This is a -1.6% difference from last year. Residents enjoy convenient access to Valencia College, West Campus, University of Central Florida, and Lancaster Crossings.
Sky Lake
Average Rent
$1,099/Month
Year-Over-Year Rent Change
1.1%
Units Available
14 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Sky Lake. The average rent is $1,099, compared to the city average of $1,576. Rent prices have increased by 1.1%. Sky Lake is convenient to Everest Univ., South Orlando, Fort Gatlin Recreation Complex, and Sand Lake Retail Center.
Riviera Shores
Average Rent
$1,112/Month
Units Available
12 Rentals
Riviera Shores is an affordable neighborhood in Orlando with an average rent price of $1,112. Compare this to the city average of $1,576. Riviera Shores provides easy access to Valencia College, West Campus, Silver Star Shopping Center, and Orlo Vista Park.
Magellan Cove
Average Rent
$1,112/Month
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Orlando, Magellan Cove might be the perfect place! It has an average rent price of $1,112, while the city’s average stands at $1,576. Magellan Cove is near Silver Star Community Park, University of Central Florida, and Shadow Bay Park.
Sylvan Hylands
Average Rent
$1,126/Month
Units Available
12 Rentals
Sylvan Hylands is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sylvan Hylands is $1,126 while the city average is $1,576. Residents enjoy convenient access to Barnett Park, Orlando Sanford International, and Silver Hills Shopping Center.
Grandview Pointe
Average Rent
$1,167/Month
Units Available
110 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Grandview Pointe. The average rent is $1,167, compared to the city average of $1,576. Grandview Pointe is convenient to Valencia College, West Campus, Valencia College, Downtown, and Cypress Grove Park.
Rosemont a Golf Community
Average Rent
$1,169/Month
Units Available
32 Rentals
Rosemont a Golf Community is an affordable neighborhood in Orlando with an average rent price of $1,169. Compare this to the city average of $1,576. Rosemont a Golf Community provides easy access to Trotters Park, Orlando International, and Lake Ivanhoe Park.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.