Cheapest Places to Live In Orlando

By PropertyClub Team
Jan 31st 2024
Orlando, Florida, known for its magical theme parks and vibrant culture, is also home to many neighborhoods that offer affordable living options. Whether you're a student, a young professional, or just looking to save on living expenses, read on to discover the 13 cheapest places to live in Orlando that provide a comfortable lifestyle without breaking the bank.

hash-mark13 Most Affordable Places to Live In Orlando

  1. Holden-Parramore
  2. Conway
  3. Holden Heights
  4. Zellwood
  5. Mercy Drive
  6. Richmond Heights
  7. Rosemont
  8. Washington Shores
  9. Pine Hills
  10. Umatilla
  11. Azalea Park
  12. Pine Castle
  13. Fairview Shores

hash-markHolden-Parramore

Holden-Parramore is the cheapest place to live in Orlando. Known for its lively atmosphere, the area is adorned with colorful street art, creating a vibrant and welcoming environment. 

If you're a food enthusiast, Holden-Parramore won't disappoint, as it is home to various vibrant eateries. With a median rent of $990, living in this neighborhood is budget-friendly. The average home value in Holden-Parramore is $204,335, making it an accessible option for those seeking affordable housing in Orlando.

hash-markConway

Conway is also one of the most affordable places to live in Orlando. This area was settled in the 1850s and is part of the Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area. The median rent in Conway is $1,489, making it a budget-friendly option for residents. The average home value in Conway is $179,013, providing affordable housing in proximity to the vibrant city of Orlando.

hash-markHolden Heights

Holden Heights, another affordable place to live in Orlando, is situated just outside downtown. With an average home value of $206,506, it offers budget-friendly living for its 3,506 residents. 

The median rent is $1,714, making it an attractive option for those on a tight budget. Its ideal location near Orlando's shopping, dining, and entertainment venues adds to its appeal, providing convenient access to city amenities.

hash-markZellwood 

Zellwood, a suburb of Orlando, is another affordable place to live in the Sunshine State. With an average rent of $1,537, it's a budget-friendly option for those looking to be near Orlando without the high living costs of the city. 

Home to approximately 2,877 residents, Zellwood maintains a cozy, small-town feel. The average home value in this community is $208,818, making it an attractive choice for individuals or families seeking affordable housing options near the vibrant city of Orlando.

hash-markMercy Drive

Mercy Drive is another affordable place to live in Orlando, situated to the northwest of downtown. With an average rent of $1,300, it provides budget-friendly housing options. The average home value in Mercy Drive is $217,497, making it an accessible choice for those looking for economical living in the area. Despite its affordability, Mercy Drive maintains a small population, with around 5,452 residents.

hash-markRichmond Heights

Richmond Heights, with a population of 8,944, is the next affordable place on our list in Orlando. The average home here costs around $231,597, and if you're looking to rent, the average is about $1,707. The median household income in Richmond Heights is $60,365, making it a budget-friendly option for those seeking affordable living in the vibrant city of Orlando.

hash-markRosemont 

Rosemont, a budget-friendly neighborhood in Orlando, is a great option for those seeking affordable living. With an average rent of $1,482 and a median household income of $48,333, Rosemont provides a cost-effective solution for residents. 

The neighborhood's average home value of $241,898 makes it an attractive choice for those looking to settle in a community with reasonable housing costs. With a population of 9,960, Rosemont offers a cozy and welcoming environment, proving that you can enjoy the perks of living near Orlando without breaking the bank.

hash-markWashington Shores

Washington Shores, located in Orlando, is another of the cheapest places to live in the city. Positioned between downtown Orlando and popular attractions like Universal Studios, it offers a convenient location for residents. 

The average home value in Washington Shores is $242,331, making it an affordable option for those seeking budget-friendly housing. Additionally, the average rent is $1,585, providing cost-effective living arrangements. With bus stops conveniently placed within walking distance of many areas, transportation is easily accessible for residents, adding to the neighborhood's practical appeal.

hash-markPine Hills

Pine Hills, the 9th most affordable place in Orlando, has a population of 66,111 people. This neighborhood is home to several parks and hosts five elementary schools and two middle schools. 

The average home value in Pine Hills is $270,675, making it an economical option for residents. For those looking to rent, the average monthly rent is $1,499. With its budget-friendly living options and ample amenities, Pine Hills is a popular choice for individuals and families seeking affordability near Orlando.

hash-markUmatilla 

Umatilla, a historic town with a past of more than 100 years, is another affordable place to live near Orlando. With a population of 3,709, it offers a tight-knit community feel. The average home value in Umatilla is $274,457, making it an economical choice for those looking to settle down. Additionally, the average rent stands at $1,625, providing reasonable housing options for residents. 

hash-markAzalea Park

Azalea Park, located in Orlando, is known for being one of the cheapest places to live in the city. The average home value here is $311,475, and the average rent is $1,726. With a population of 15,495, Azalea Park offers affordable living for its residents. Notably, Full Sail University is situated just outside this neighborhood, providing educational opportunities close by. 

hash-markPine Castle

Pine Castle is ranked at number 12 on our list of cheapest places to live in Orlando. The name "Pine Castle" is linked with various industrial projects. In Pine Castle, the median rent is $1682, and the average home value is $325,087. This community offers affordable living options in the vibrant city of Orlando.

hash-markFairview Shores

Fairview Shores, another affordable place to live in Orlando, is a suburban area with a population of 11,782. The average home value in Fairview Shores is $328,459, featuring mainly medium-sized to small single-family homes and townhomes. 

Real estate options provide a budget-friendly living choice. For those looking to rent, the median rent in Fairview Shores is $1,892.