Hi Jen! The AP rate is for Annual Passholders, a FL resident rate is for people who live in the state of Florida. Right now these are the only codes available unless you have received a direct marketing post card or email with a special offer.
How long were you planning to be at the resort? If you are planning a week long stay, more than likely you will reduce the overall cost of your vacation by getting 1 annual pass and qualifing for the discounted rates. The latest round of codes was for $100 off per night at the deluxe resort. So even if you had to spend an extra $150 to buy an AP as compared to regular MYW tickets, you'd be saving $780.50 on your room (it's $111.50 off per night once you include the savings on tax) so all together, you still saved $630.50. Make sense?