104 Cheap Apartments for rent in Orlando, FL

Last updated June 17 at 10:55pm UTC
City View
595 W Church St
Orlando, FL
Updated June 17 at 7:54pm UTC
1 Bedroom
$1,215
2 Bedrooms
$698
3 Bedrooms
$1,620
Royal Isles Apartments
803 Don Quixote Ave
Orlando, FL
Updated June 17 at 10:55pm UTC
1 Bedroom
$955
2 Bedrooms
$1,075
3 Bedrooms
$1,385
2550 N ALAFAYA TRAIL
Morningside
Orlando, FL
Updated June 17 at 6:08pm UTC
1 Bedroom
$925
800 N HASTINGS STREET
Orlando
Orlando, FL
Updated June 17 at 9:58am UTC
1 Bedroom
$700
800 N HASTINGS STREET
Orlando
Orlando, FL
Updated June 17 at 9:58am UTC
2 Bedrooms
$800
1115 E JEFFERSON STREET
Thornton Park
Orlando, FL
Updated June 16 at 6:04pm UTC
1 Bedroom
$1,000
4085 Dijon Dr
Rosemont
Orlando, FL
Updated June 16 at 5:38pm UTC
2 Bedrooms
$995
4744 Walden Cir
Florida Center North
Orlando, FL
Updated June 16 at 5:26pm UTC
1 Bedroom
$925
4329 AQUA VISTA DR. #14-C
Orlando
Orlando, FL
Updated June 16 at 9:59am UTC
2 Bedrooms
$850
5640 Rio Grande Ave
Orlando
Orlando, FL
Updated June 16 at 2:00am UTC
2 Bedrooms
$900
4124 Pershing Pointe Place # 1
South Semoran
Orlando, FL
Updated June 15 at 10:24am UTC
2 Bedrooms
$900
Latrec Avenue
Orlando
Orlando, FL
Updated June 16 at 7:19am UTC
1 Bedroom
$980

June 2018 Orlando Rent Report

Welcome to the June 2018 Orlando Rent Report. Orlando rents increased over the past month. In this report, we'll evaluate trends in the Orlando rental market, including comparisons to cities throughout the metro, state, and nation.

View full Orlando Rent Report
Rent Report
Orlando

June 2018 Orlando Rent Report

Welcome to the June 2018 Orlando Rent Report. Orlando rents increased over the past month. In this report, we'll evaluate trends in the Orlando rental market, including comparisons to cities throughout the metro, state, and nation.

Orlando rents increase sharply over the past month

Orlando rents have increased 0.6% over the past month, and are up sharply by 6.7% in comparison to the same time last year. Currently, median rents in Orlando stand at $1,060 for a one-bedroom apartment and $1,270 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in October of last year. Orlando's year-over-year rent growth leads the state average of 2.5%, as well as the national average of 1.5%.

Rents rising across the Orlando Metro

Throughout the past year, rent increases have been occurring not just in the city of Orlando, but across the entire metro. Of the largest 10 cities that we have data for in the Orlando metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Winter Park has seen the fastest rent growth in the metro, with a year-over-year increase of 7.3%. The median two-bedroom there costs $1,230, while one-bedrooms go for $1,030.
  • Sanford has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,130; rents grew 0.2% over the past month and 3.2% over the past year.
  • Oviedo has the most expensive rents of the largest cities in the Orlando metro, with a two-bedroom median of $1,540; rents were up 1.0% over the past month and 5.3% over the past year.

Orlando rents more affordable than many large cities nationwide

As rents have increased sharply in Orlando, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Orlando is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Florida as a whole logging rent growth of 2.5% over the past year. For example, rents have grown by 2.5% in Jacksonville and 1.2% in Miami.
  • Orlando's median two-bedroom rent of $1,270 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 6.7% rise in Orlando.
  • While Orlando's rents rose sharply over the past year, the city of DC saw a decrease of 0.1%.
  • Renters will find more reasonable prices in Orlando than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than twice the price in Orlando.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Orlando $1,060 $1,270 0.6% 6.7%
Kissimmee $1,020 $1,220 0.6% 4.8%
Sanford $950 $1,130 0.2% 3.2%
Apopka $970 $1,160 0.7% 1.6%
Altamonte Springs $1,030 $1,240 0.4% 4.3%
Oviedo $1,280 $1,540 1.0% 5.3%
Winter Springs $1,060 $1,270 1.0% 0.4%
Winter Park $1,030 $1,230 1.2% 7.3%
Casselberry $1,050 $1,260 0.3% 5.0%
Maitland $1,100 $1,320 3.0% 5.8%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.