Lake Lorraine, FL

23 Condos for Rent

Lake Lorraine is a community in Okaloosa County, Florida. Most folks from here would say they live in Shalimar, as everybody here has a Shalimar postal address and zip code. Living in Lake Lorraine puts you within minutes from everything the Emerald Coast has to offer: snowy white beaches, sparkling waters, lush parks, and fascinating museums and aquariums. See more

Finding condos for rent in Lake Lorraine is almost no different than renting an apartment in a big complex. The real difference is the ownership. Condos are owned by individuals within the same building. However, apartments in a large complex are owned by a single landlord or property management group.

Sometimes the price of condos in Lake Lorraine may prove cheaper. The owners are often moving onto a new home or leaving the city and just need someone to cover the costs. Apartment complexes are designed to deal with tenant issues, make repairs, and care for the property. Condo owners will still deal with repairs and upkeep but may need more time to address a problem, especially if they don’t live nearby. However, condo owners have a more vested interest in the property and keeping their tenants happy to reduce turnover.

Choose the best condos for rent in Lake Lorraine that meet your wishlist for budget, amenities, and layout. You probably won’t notice the difference between the condos and apartments you tour.