Best Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Sonoma Park Condominiums, Grandview Acres, and Riverwalk at Waterside Island. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of February 7, 2026, the average rent in Tampa is $1,635, which is 3.3% 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.
Sonoma Park Condominiums
Average Rent
$962/Month
TransitScore® Rating
34/100
Units Available
20 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Sonoma Park Condominiums. The average rent is $962, compared to the city average of $1,635. Sonoma Park Condominiums is convenient to Village 56, Cadrecha Plaza Station (#4), and Terrace Collection. The community is car-dependent with a WalkScore® of 49.
Grandview Acres
Average Rent
$965/Month
TransitScore® Rating
35/100
Units Available
20 Rentals
Grandview Acres is an affordable neighborhood in Tampa with an average rent price of $965. Compare this to the city average of $1,635. Grandview Acres provides easy access to Hillsborough C.C., Ybor City, St Pete-Clearwater International, and Busch Gardens Tampa. It’s a walkable neighborhood with a WalkScore® of 87.
Riverwalk at Waterside Island
Average Rent
$1,092/Month
TransitScore® Rating
29/100
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Riverwalk at Waterside Island might be the perfect place! It has an average rent price of $1,092, while the city’s average stands at $1,635. Riverwalk at Waterside Island is near USF Tampa, Centro Ybor Station (#2), and Temple Terrace Center.
Del Rio Estates
Average Rent
$1,105/Month
Units Available
23 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 $1,105 while the city average is $1,635. Residents enjoy convenient access to MOSI, Takomah Trail Park, and Streetcar Society Station (#3).
University Oakwoods Condominium
Average Rent
$1,155/Month
TransitScore® Rating
41/100
Units Available
15 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out University Oakwoods Condominium. The average rent is $1,155, compared to the city average of $1,635. University Oakwoods Condominium is convenient to Streetcar Society Station (#3), Shoppers Square Shopping Center, and Lowry Park Zoo. The community is walkable with a WalkScore® of 75.
Plandome Heights
Average Rent
$1,180/Month
TransitScore® Rating
41/100
Units Available
16 Rentals
Plandome Heights is an affordable neighborhood in Tampa with an average rent price of $1,180. Compare this to the city average of $1,635. Plandome Heights provides easy access to Centennial Park Station (#1), MOSI, and Hillsborough C.C., Dale Mabry. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Towering Pines
Average Rent
$1,260/Month
TransitScore® Rating
55/100
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Towering Pines might be the perfect place! It has an average rent price of $1,260, while the city’s average stands at $1,635. Towering Pines is near Village @ Fletcher, USF Tampa, and Everest University, Brandon.
Egypt Lake
Average Rent
$1,261/Month
Year-Over-Year Rent Change
8.3%
TransitScore® Rating
29/100
Units Available
60 Rentals
Egypt Lake is a top choice for budget-conscious renters for a variety of reasons. The average rent in Egypt Lake is $1,261 while the city average is $1,635. This is a -8.3% difference from last year. Residents enjoy convenient access to The University of Tampa, Takomah Trail Park, and Hillsborough C.C., Ybor City. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
University Square
Average Rent
$1,279/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
44/100
Units Available
342 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.
Ralston Beach Manor
Average Rent
$1,292/Month
TransitScore® Rating
31/100
Units Available
13 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Ralston Beach Manor. The average rent is $1,292, compared to the city average of $1,635. Ralston Beach Manor is convenient to Hillsborough C.C., Ybor City, Armenia Shopping Center, and Lowry Park Zoo. The community is 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.