Best Affordable Neighborhoods in Saint Petersburg, FL
Some of the cheapest neighborhoods in Saint Petersburg are Lakewood Country Club Estates, Pinellas Point, and The Reserve at Lake Pointe. These neighborhoods offer some of the lowest rent prices in Saint Petersburg, making them ideal for renters on a budget. As of March 18, 2026, the average rent in Saint Petersburg is $1,758, which is 1.9% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Lakewood Country Club Estates
Average Rent
$1,128/Month
Units Available
29 Rentals
Lakewood Country Club Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lakewood Country Club Estates is $1,128 while the city average is $1,758. Residents enjoy convenient access to Tampa International, Eckerd College, and St Petersburg, Allstate Center.
Pinellas Point
Average Rent
$1,203/Month
Year-Over-Year Rent Change
8.1%
Units Available
63 Rentals
Located at the southern tip of St Petersburg, Pinellas Point offers rental options with beautiful views of Tampa Bay. This area is perfect for renters seeking a peaceful retreat close to the water. Residents will appreciate the quiet, residential atmosphere and proximity to local parks and nature trails like Bay Vista Park and Skyway Trail.
The Reserve at Lake Pointe
Average Rent
$1,230/Month
Units Available
37 Rentals
When you’re looking for a great Saint Petersburg neighborhood on a budget, check out The Reserve at Lake Pointe. The average rent is $1,230, compared to the city average of $1,758. The Reserve at Lake Pointe is convenient to Bay Village Center, St Petersburg Coll., Midtown, and Eckerd College.
Tyrone Park
Average Rent
$1,378/Month
Year-Over-Year Rent Change
8.4%
Units Available
11 Rentals
Tyrone Park is an affordable neighborhood in Saint Petersburg with an average rent price of $1,378. Compare this to the city average of $1,758. In the past year, rent prices have increased by 8.4%. Tyrone Park provides easy access to Crossroads Shopping Center, St Petersburg Coll., Midtown, and St Petersburg, Allstate Center.
Lealman
Average Rent
$1,384/Month
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Saint Petersburg, Lealman might be the perfect place! It has an average rent price of $1,384, while the city’s average stands at $1,758. Lealman is near St Pete-Clearwater International, St Petersburg Coll., EpiCenter, and Sunken Gardens.
Disston Heights
Average Rent
$1,405/Month
Year-Over-Year Rent Change
0.3%
Units Available
16 Rentals
Disston Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Disston Heights is $1,405 while the city average is $1,758. This is a 0.3% difference from last year. Residents enjoy convenient access to St Petersburg Coll., Downtown, St Petersburg Coll., Gibbs, and Suncoast Plaza.
Gateway
Average Rent
$1,434/Month
Year-Over-Year Rent Change
3.4%
Units Available
16 Rentals
Gateway is a growing neighborhood offering easy access to major highways, making it ideal for commuters. Residents benefit from being close to various shopping centers like Gateway Mall, providing convenience right at their doorstep. The area features a blend of residential and commercial spaces, creating a balanced environment for both living and working.
Windward Pointe Condominium
Average Rent
$1,470/Month
Units Available
33 Rentals
When you’re looking for a great Saint Petersburg neighborhood on a budget, check out Windward Pointe Condominium. The average rent is $1,470, compared to the city average of $1,758. Windward Pointe Condominium is convenient to St Petersburg Coll., Downtown, Sunken Gardens, and Tampa International.
Tamarind Bay
Average Rent
$1,480/Month
Units Available
31 Rentals
Tamarind Bay is an affordable neighborhood in Saint Petersburg with an average rent price of $1,480. Compare this to the city average of $1,758. Tamarind Bay provides easy access to Weedon Island Preserve, St Petersburg Coll., EpiCenter, and Sunken Gardens.
Crossroads Area
Average Rent
$1,481/Month
Year-Over-Year Rent Change
6%
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Saint Petersburg, Crossroads Area might be the perfect place! It has an average rent price of $1,481, while the city’s average stands at $1,758. In the last year, prices have decreased by 6%. Crossroads Area is near Crosswinds Center, Crossroads Shopping Center, and St Pete-Clearwater International.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.