An investor’s guide to the six best rental neighborhoods in Orlando

May 17, 2023

Discover the perfect rental neighborhood for you to own a property in the City Beautiful

Orlando is a diverse and vibrant city that attracts a variety of people for different reasons, whether it’s for a new job, the endless entertainment options, or simply a great place to call home.

The city consistently attracts a high volume of searches on RentCafe, a popular nationwide apartment listing service, and as of April, the number of favorited apartment listings on the site in Orlando nearly tripled compared to the year prior. [1]

Whether you’re a real estate owner looking for an investment property in a bustling business district or a family-oriented neighborhood, there is a place for everyone in Orlando.

Continue reading to learn about six of the best neighborhoods in the city to find the one that is right for your next rental property investment.

Image Credit: Apartment Home Living

1: Metrowest

Metrowest is a great rental neighborhood in Orlando, located just minutes away from Valencia College, Universal Studios, and International Drive. 

Metrowest is known for its affordable apartments and condos, making it a popular spot for students and young professionals who are a desirable rental population for many real estate investors. The communities at Metrowest offer several amenities, including golf courses, community pools, clubhouses, and fitness centers. Additionally, it is located close to major highways, making it easy to commute to other areas of the city.

Image Credit: Visit Orlando 

2: Downtown Orlando 

Downtown Orlando is a highly desirable rental neighborhood due to its central location and access to amenities, making it a great choice for a real estate investor like yourself. The area is home to several sports stadiums, including the Amway Center and Camping World Stadium, making it an ideal location for sports enthusiasts. 

​​Downtown Orlando’s vibrant nightlife on Church Street further enhances the area’s popularity, making it an attractive destination for those seeking entertainment and socialization opportunities. 

Learn more: 
A guide to the best neighborhoods in Downtown Orlando

Image Credit: Orlando Magazine

3: Lake Nona

Lake Nona is a highly desirable rental neighborhood in Orlando that offers a unique blend of amenities for renters, making it easier to attract quality tenants. Due to its close proximity to the beach, residents can easily enjoy a day of sun, sand, and surf.

Lake Nona is known for its medical research facilities, including the renowned Nemours Children’s Hospital and the Veterans Affairs Medical Center, making it an ideal location for those working in the healthcare industry as well as the elderly Snowbirds that call Florida home during the winter months.

Image Credit: JLL Properties

4: East Orlando 

East Orlando is a great rental neighborhood in Orlando, especially for students and young professionals. The area is home to the University of Central Florida, which provides an excellent education for undergraduates and graduates alike.

East Orlando also hosts the Central Florida Research Park, a hub of innovation and research, which attracts numerous high-income entrepreneurs and professionals seeking a place to live in the area.

Learn more:
How to price a rental property to attract quality tenants

Image Credit: Kayak

5: Lake Buena Vista 

Lake Buena Vista is a perfect location for renters seeking a magical experience in Orlando. This area is located near the Disney theme parks, including Magic Kingdom, Epcot, and Disney’s Hollywood Studios, making it an ideal spot for Disney enthusiasts.

Lake Buena Vista is also home to several high-end resorts, spas, and golf courses, which provides numerous leisure activities to owners and renters alike.

Image Credit: Camden Living

6: Hunter’s Creek

Hunter’s Creek is an excellent neighborhood in Orlando that offers a great quality of life to residents. At Hunter’s Creek there are several parks and lakes nearby, making it the perfect location for those who love the outdoors.

Hunter’s Creek is also home to a multitude of excellent schools, making it an ideal location for families, which can benefit investors who are interested in renting out homes to tenants in the area. 

Looking for an Orlando property management company?

At Rental Heroes, we are property investors, just like you! We understand what’s most important—a well-managed property that generates a steady, reliable source of income. 

Our local knowledge helps us to proudly manage hundreds of units across Central Florida, and we’re committed to doing everything to keep your tenants happy by handling maintenance requests quickly and responding to potential tenant issues.

Our property management services include: 

Ready to choose the right partner in property management?
Contact us today! 


1: RentCafe | April Rental Activity Report