Cheapest Neighborhoods in Orlando, FL
Some of the cheapest neighborhoods in Orlando are Lake Jessamine Shores, Lake Jasmine, and Pheasant Run at Rosemont Condominiums. These neighborhoods offer some of the lowest rent prices in Orlando, making them ideal for renters on a budget. As of August 24, 2026, the average rent in Orlando is $1,590, which is 0.4% higher 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.
Lake Jessamine Shores
Average Rent
$863/Month
Units Available
12 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Lake Jessamine Shores. The average rent is $863, compared to the city average of $1,590. Lake Jessamine Shores is convenient to 2036-2064 Americana Blvd, Progress Plaza III, and University of Central Florida.
Lake Jasmine
Average Rent
$975/Month
Year-Over-Year Rent Change
10%
Units Available
67 Rentals
Lake Jasmine is an affordable neighborhood in Orlando with an average rent price of $975. Compare this to the city average of $1,590. In the past year, rent prices have decreased by 10%. Lake Jasmine provides easy access to University of Central Florida, 4973 S Orange Ave, and Robinson Observatory.
Pheasant Run at Rosemont Condominiums
Average Rent
$1,038/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Orlando, Pheasant Run at Rosemont Condominiums might be the perfect place! It has an average rent price of $1,038, while the city’s average stands at $1,590. Pheasant Run at Rosemont Condominiums is near Orlo Vista Park, Trotters Park, and Orlando Sanford International.
Sylvan Hylands
Average Rent
$1,084/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 $1,084 while the city average is $1,590. Residents enjoy convenient access to Silver Hills Shopping Center, Lorna Doone Park, and Orlo Vista Park.
Carver Shores
Average Rent
$1,116/Month
Units Available
34 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Carver Shores. The average rent is $1,116, compared to the city average of $1,590. Carver Shores is convenient to Orlando Sanford International, Barnett Park, and Florida Hospital College.
Magellan Cove
Average Rent
$1,119/Month
Units Available
12 Rentals
Magellan Cove is an affordable neighborhood in Orlando with an average rent price of $1,119. Compare this to the city average of $1,590. Magellan Cove provides easy access to Hiawassee Plaza, Barnett Park, and Valencia College, West Campus.
Village Park at Lake Orlando
Average Rent
$1,137/Month
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Orlando, Village Park at Lake Orlando might be the perfect place! It has an average rent price of $1,137, while the city’s average stands at $1,590. Village Park at Lake Orlando is near Trotters Park, Clarcona Crossings, and Florida Hospital College.
Island Club at Rosemont Condominium
Average Rent
$1,137/Month
Units Available
23 Rentals
Island Club at Rosemont Condominium is a top choice for budget-conscious renters for a variety of reasons. The average rent in Island Club at Rosemont Condominium is $1,137 while the city average is $1,590. Residents enjoy convenient access to Clarcona Horse Park, Seminole State, Altamonte, and Clarcona Crossings.
Lake Ellenor
Average Rent
$1,140/Month
Year-Over-Year Rent Change
1.2%
Units Available
34 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Lake Ellenor. The average rent is $1,140, compared to the city average of $1,590. Rent prices have decreased by 1.2%. Lake Ellenor is convenient to Orlando Sanford International, Airport Lakes Park, and Valencia College, Downtown.
Rosemont a Golf Community
Average Rent
$1,143/Month
Units Available
24 Rentals
Rosemont a Golf Community is an affordable neighborhood in Orlando with an average rent price of $1,143. Compare this to the city average of $1,590. Rosemont a Golf Community provides easy access to Winter Rose Shoppes, Valencia College, Winter Park, and 5574 N Orange Blossom Trl.
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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.