Student apartments near UCF are located mostly along Alafaya Trails, University Blvd, and Colonial which is very convenient but before you sign that lease, be sure to read and compare the reviews. You will definitely save yourself some time and money with research for both on and off campus housing. Apartments in the area are usually full by June and July, after that you will probably have to look for people doing last minute changes with subleases or relets.
Also check out the 360 virtual tour videos which show that most apartments offer great amenities such as pools, gyms, and tanning beds. You can find a good number of apartments that offer typical, student friendly, on campus amenities like RAs and planned social events. The key is to pay attention to the friendliness of your tour guide and management. They will help to make it fairly easy to live in an apartment off campus.
The UCF campus is a busy area so traffic is included for free but given great UCF shuttle routes and ability to live within walking/biking distance to campus and businesses, you might not even notice. You can check apartment locations with the UCF Shuttle (http://parking.ucf.edu/shuttles/off-campus-shuttles/).
With over 60K students, UCF is the second largest university in the United States. Located in Orlando, Florida, this college is great for education and when the students are free they are welcomed with an endless list of theme parks, clubs, and activities.
Also if you are not 100% ready for an off campus apartment, housing on the UCF campus is also great. See their website http://www.housing.ucf.edu/