Most Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Scott's Little Farms, Riverwalk at Waterside Island, and Sonoma Park Condominiums. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Tampa is $1,660, which is 1.9% higher 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.
Scott's Little Farms
Average Rent
$1,135/Month
TransitScore® Rating
45/100
Units Available
11 Rentals
Scott's Little Farms is a top choice for budget-conscious renters for a variety of reasons. The average rent in Scott's Little Farms is $1,135 while the city average is $1,660. Residents enjoy convenient access to Cadrecha Plaza Station (#4), Lowry Park Zoo, and Fowler Shopping Plaza. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
Riverwalk at Waterside Island
Average Rent
$1,136/Month
TransitScore® Rating
29/100
Units Available
14 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Riverwalk at Waterside Island. The average rent is $1,136, compared to the city average of $1,660. Riverwalk at Waterside Island is convenient to Cadrecha Plaza Station (#4), Streetcar Society Station (#3), and Temple Terrace Center. The community is car-dependent with a WalkScore® of 8.
Sonoma Park Condominiums
Average Rent
$1,151/Month
TransitScore® Rating
34/100
Units Available
19 Rentals
Sonoma Park Condominiums is an affordable neighborhood in Tampa with an average rent price of $1,151. Compare this to the city average of $1,660. Sonoma Park Condominiums provides easy access to Hillsborough C.C., Ybor City, Publix Station (#5), and Eureka Springs Park. It’s a car-dependent neighborhood with a WalkScore® of 49.
Del Rio Estates
Average Rent
$1,162/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Del Rio Estates might be the perfect place! It has an average rent price of $1,162, while the city’s average stands at $1,660. Del Rio Estates is near Hillsborough C.C., Ybor City, Centro Ybor Station (#2), and Takomah Trail Park.
Northeast Community
Average Rent
$1,197/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
34/100
Units Available
22 Rentals
Northeast Community is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Community is $1,197 while the city average is $1,660. This is a 0.1% difference from last year. Residents enjoy convenient access to Southwest Florida Coll., Tampa, Centennial Park Station (#1), and Tampa International. The neighborhood is considered car-dependent with a WalkScore® of 36.
Raintree Village Condominiums
Average Rent
$1,246/Month
TransitScore® Rating
33/100
Units Available
10 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Raintree Village Condominiums. The average rent is $1,246, compared to the city average of $1,660. Raintree Village Condominiums is convenient to USF Tampa, Centennial Park Station (#1), and Lettuce Lake Park. The community is car-dependent with a WalkScore® of 38.
Lake View Park
Average Rent
$1,270/Month
TransitScore® Rating
25/100
Units Available
16 Rentals
Lake View Park is an affordable neighborhood in Tampa with an average rent price of $1,270. Compare this to the city average of $1,660. Lake View Park provides easy access to Skyconnect Rental Car Facility Station, The Greenhouse Shops, and Skyconnect Economy Parking Station. It’s a walkable neighborhood with a WalkScore® of 73.
University Square
Average Rent
$1,303/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
44/100
Units Available
333 Rentals
University Square, close to the University of South Florida, is ideal for those who appreciate educational and recreational opportunities. Rental options here are typically budget-friendly, making it perfect for students and young professionals. This area also boasts numerous shopping centers and eateries, adding to its appeal.
Egypt Lake
Average Rent
$1,323/Month
TransitScore® Rating
29/100
Units Available
49 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Egypt Lake might be the perfect place! It has an average rent price of $1,323, while the city’s average stands at $1,660. In the last year, prices have increased by 0%. Egypt Lake is near USF Tampa, Takomah Trail Park, and Streetcar Society Station (#3).
Ralston Beach Manor
Average Rent
$1,329/Month
TransitScore® Rating
31/100
Units Available
10 Rentals
Ralston Beach Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ralston Beach Manor is $1,329 while the city average is $1,660. Residents enjoy convenient access to Ybor City Museum State Park, St Pete-Clearwater International, and Streetcar Society Station (#3). The neighborhood is considered car-dependent with a WalkScore® of 47.
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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.