Best Affordable Neighborhoods in Orlando, FL
Some of the cheapest neighborhoods in Orlando are Legacy, Sky Lake, and Lake Jasmine. These neighborhoods offer some of the lowest rent prices in Orlando, making them ideal for renters on a budget. As of February 23, 2026, the average rent in Orlando is $1,573, which is 2% 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
$665/Month
Units Available
18 Rentals
Legacy is an affordable neighborhood in Orlando with an average rent price of $665. Compare this to the city average of $1,573. Legacy provides easy access to Everest Univ., South Orlando, Fort Gatlin Recreation Complex, and Valencia C.C., Sand Lake.
Sky Lake
Average Rent
$992/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
1/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Orlando, Sky Lake might be the perfect place! It has an average rent price of $992, while the city’s average stands at $1,573. In the last year, prices have increased by 1.3%. Sky Lake is near Valencia C.C., Sand Lake, Terrace At The Florida Mall, and Everest Univ., South Orlando.
Lake Jasmine
Average Rent
$1,030/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
0/100
Units Available
56 Rentals
Lake Jasmine is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Jasmine is $1,030 while the city average is $1,573. This is a -4.7% difference from last year. Residents enjoy convenient access to Fort Gatlin Plaza, Valencia College, Downtown, and Cypress Grove Park. The neighborhood is considered car-dependent with a WalkScore® of 47.
San Jose Shores
Average Rent
$1,106/Month
Units Available
16 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out San Jose Shores. The average rent is $1,106, compared to the city average of $1,573. San Jose Shores is convenient to Orlando Sanford International, Valencia College, West Campus, and Silver Star Shopping Center.
Magellan Cove
Average Rent
$1,106/Month
Units Available
14 Rentals
Magellan Cove is an affordable neighborhood in Orlando with an average rent price of $1,106. Compare this to the city average of $1,573. Magellan Cove provides easy access to Orlando International, University of Central Florida, and Orlando Sanford International.
Riviera Shores
Average Rent
$1,108/Month
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Orlando, Riviera Shores might be the perfect place! It has an average rent price of $1,108, while the city’s average stands at $1,573. Riviera Shores is near University of Central Florida, Silver Star Shopping Center, and Silver Hills Shopping Center.
Sylvan Hylands
Average Rent
$1,110/Month
TransitScore® Rating
34/100
Units Available
17 Rentals
Sylvan Hylands is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sylvan Hylands is $1,110 while the city average is $1,573. Residents enjoy convenient access to Valencia College, West Campus, University of Central Florida, and Silver Star Plaza. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
Lake Mann
Average Rent
$1,113/Month
Year-Over-Year Rent Change
22.8%
TransitScore® Rating
24/100
Units Available
19 Rentals
When you’re looking for a great Orlando neighborhood on a budget, check out Lake Mann. The average rent is $1,113, compared to the city average of $1,573. Rent prices have increased by 22.8%. Lake Mann is convenient to Lorna Doone Park, Florida Hospital College, and Martin Luther King Plaza. The community is car-dependent with a WalkScore® of 44.
Lake Ellenor
Average Rent
$1,116/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
8/100
Units Available
26 Rentals
Lake Ellenor is an affordable neighborhood in Orlando with an average rent price of $1,116. Compare this to the city average of $1,573. In the past year, rent prices have increased by 2.2%. Lake Ellenor provides easy access to Skyview Plaza, Valencia C.C., Sand Lake, and University of Central Florida. It’s a car-dependent neighborhood with a WalkScore® of 48.
Pheasant Run at Rosemont Condominiums
Average Rent
$1,141/Month
TransitScore® Rating
28/100
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 $1,141, while the city’s average stands at $1,573. Pheasant Run at Rosemont Condominiums is near Orlando International, Orlo Vista Park, and Lake Fairview 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.