2903 E Michigan St
2903 E Michigan St,
Orlando, FL 32806
$2,400 | 3 Beds
Lake Terrace
Orlando, FL
Lake Terrace - Orlando, FL
Area Guide
Enjoy scenic views from Orlando’s top spot
Lakefront
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Good Schools
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Scenic
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Family-Friendly
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Quick – guess what’s at the center of Lake Terrace? If you guessed “a lake,” then you have amazing powers of deduction. Sleuth your way to this charming neighborhood, located less than four miles southeast of Downtown Orlando. With a landscape filled with lush foliage and lake views, Lake Terrace is considered one of Orlando’s top neighborhoods. Living here, you’ll enjoy great restaurants, fantastic parks, a variety of coffee shops, great schools, and easy commutes into the city. What’s not to love?
You’ll discover great apartments and other rentals in Lake Terrace, along with a commercial district along Curry Ford Road and South Conway Road. After a day of shopping, enjoy the authentic Latin American fare at Zaza New Cuban Diner, or head over to JJ’s Grille for its unique Mexican and Mediterranean fusion cuisine.
Downtown Orlando delivers a year-round calendar of events, whether you love mingling with over 600 artisans at Fiesta in the Park or watching live music, theater, and cultural performances at Dr. Phillips Center. While out-of-towners hit the theme parks, locals fill up Camping World Stadium for college football, wrestling, and monster truck races.
Explore the Neighborhood
Ocean Sun is pet-friendly and fun, complete with yoga sessions and trivia nights
Where Pico de Gallo meets Tzatziki -- JJ's is a can't-miss
With everything from college football games to wrestling, see it all at Camping World Stadium
Dr. Phillips Center is a hub for performing arts
Rent Trends
As of March 2025, the average apartment rent in Lake Terrace is $1,153 for a studio, $1,318 for one bedroom, $1,488 for two bedrooms, and $2,260 for three bedrooms. Apartment rent in Lake Terrace has increased by 1.2% in the past year.
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Studio
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318 sq ft
Average Sq Ft
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$1,153/month
Average Rent
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1 BR
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585 sq ft
Average Sq Ft
-
$1,318/month
Average Rent
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2 BR
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845 sq ft
Average Sq Ft
-
$1,488/month
Average Rent
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3 BR
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1,276 sq ft
Average Sq Ft
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$2,260/month
Average Rent
Transportation
70
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
7
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
49
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Fort Gatlin Recreation Complex
- Delaney Park
- Mayor Carl T. Langford Park
- Demetree Park
- Robinson Observatory
Commuter Rail
Military Bases
Airports
- Orlando International
- Orlando Sanford International
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Houses for Rent in Lake Terrace
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.