Best Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Scott's Little Farms, Riverwalk at Waterside Island, and University Oakwoods Condominium. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of November 8, 2025, the average rent in Tampa is $1,626, which is 1.7% 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.
Scott's Little Farms
Average Rent
$1,128/Month
TransitScore® Rating
45/100
Units Available
13 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Scott's Little Farms. The average rent is $1,128, compared to the city average of $1,626. Scott's Little Farms is convenient to Streetcar Society Station (#3), Tampa International, and Hillsborough C.C., Dale Mabry. The community is somewhat walkable with a WalkScore® of 50.
Riverwalk at Waterside Island
Average Rent
$1,166/Month
TransitScore® Rating
29/100
Units Available
13 Rentals
Riverwalk at Waterside Island is an affordable neighborhood in Tampa with an average rent price of $1,166. Compare this to the city average of $1,626. Riverwalk at Waterside Island provides easy access to Takomah Trail Park, MOSI, and Southwest Florida Coll., Tampa. It’s a car-dependent neighborhood with a WalkScore® of 8.
University Oakwoods Condominium
Average Rent
$1,201/Month
TransitScore® Rating
41/100
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, University Oakwoods Condominium might be the perfect place! It has an average rent price of $1,201, while the city’s average stands at $1,626. University Oakwoods Condominium is near Centennial Park Station (#1), MOSI, and Takomah Trail Park.
Del Rio Estates
Average Rent
$1,204/Month
Units Available
14 Rentals
Del Rio Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Del Rio Estates is $1,204 while the city average is $1,626. Residents enjoy convenient access to MOSI, Centro Ybor Station (#2), and Hillsborough C.C., Ybor City.
Sonoma Park Condominiums
Average Rent
$1,221/Month
TransitScore® Rating
34/100
Units Available
31 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Sonoma Park Condominiums. The average rent is $1,221, compared to the city average of $1,626. Sonoma Park Condominiums is convenient to Streetcar Society Station (#3), Takomah Trail Park, and Publix Station (#5). The community is car-dependent with a WalkScore® of 49.
Plandome Heights
Average Rent
$1,228/Month
TransitScore® Rating
41/100
Units Available
15 Rentals
Plandome Heights is an affordable neighborhood in Tampa with an average rent price of $1,228. Compare this to the city average of $1,626. Plandome Heights provides easy access to Centro Ybor Station (#2), Publix Station (#5), and Shoppers Square Shopping Center. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Northeast Community
Average Rent
$1,229/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
34/100
Units Available
40 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Northeast Community might be the perfect place! It has an average rent price of $1,229, while the city’s average stands at $1,626. In the last year, prices have increased by 0.2%. Northeast Community is near St Pete-Clearwater International, Eureka Springs Park, and South Terrace Plaza.
Bellefield Village
Average Rent
$1,278/Month
TransitScore® Rating
27/100
Units Available
12 Rentals
Bellefield Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bellefield Village is $1,278 while the city average is $1,626. Residents enjoy convenient access to Skyconnect Passenger Terminal Station, Lake Rogers Park, and Hillsborough C.C., Ybor City. The neighborhood is considered car-dependent with a WalkScore® of 33.
Sherwood Heights
Average Rent
$1,283/Month
TransitScore® Rating
36/100
Units Available
16 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Sherwood Heights. The average rent is $1,283, compared to the city average of $1,626. Sherwood Heights is convenient to Hillsborough C.C., Ybor City, Lowry Park Zoo, and Centennial Park Station (#1). The community is walkable with a WalkScore® of 82.
University Square
Average Rent
$1,286/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
44/100
Units Available
343 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.
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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.