Cheapest Neighborhoods in Tampa, FL

Some of the cheapest neighborhoods in Tampa are University Square, Forest Hills, and Cypress Tree. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of September 24, 2026, the average rent in Tampa is $1,647, which is 0.8% 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.

University Square

Average Rent

$1,192/Month

Year-Over-Year Rent Change

2.9%

Units Available

361 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.

Apartments for Rent in University Square University Square Cheap Apartments University Square Low Income Apartments

Forest Hills

Average Rent

$1,199/Month

Year-Over-Year Rent Change

10.6%

Units Available

26 Rentals

If you’re looking for a great, affordable neighborhood in Tampa, Forest Hills might be the perfect place! It has an average rent price of $1,199, while the city’s average stands at $1,647. In the last year, prices have decreased by 10.6%. Forest Hills is near Cadrecha Plaza Station (#4), Centennial Park Station (#1), and St Pete-Clearwater International.

Apartments for Rent in Forest Hills Forest Hills Cheap Apartments Forest Hills Low Income Apartments

Cypress Tree

Average Rent

$1,245/Month

Units Available

13 Rentals

Cypress Tree is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cypress Tree is $1,245 while the city average is $1,647. Residents enjoy convenient access to Waters/hanley Plaza, Zenea Professional Center, and Cadrecha Plaza Station (#4).

Lowry Park

Average Rent

$1,258/Month

Year-Over-Year Rent Change

11.8%

Units Available

89 Rentals

When you’re looking for a great Tampa neighborhood on a budget, check out Lowry Park. The average rent is $1,258, compared to the city average of $1,647. Rent prices have decreased by 11.8%. Lowry Park is convenient to RETAIL & PROFESSIONAL CENTER, Lowry Park Zoo, and Waters Commercial Park.

Apartments for Rent in Lowry Park Lowry Park Cheap Apartments

Egypt Lake

Average Rent

$1,272/Month

Year-Over-Year Rent Change

1%

Units Available

58 Rentals

Egypt Lake is an affordable neighborhood in Tampa with an average rent price of $1,272. Compare this to the city average of $1,647. In the past year, rent prices have decreased by 1%. Egypt Lake provides easy access to Takomah Trail Park, Cadrecha Plaza Station (#4), and Tampa International.

Apartments for Rent in Egypt Lake Egypt Lake Cheap Apartments Egypt Lake Low Income Apartments

Plaza Terrace

Average Rent

$1,273/Month

Year-Over-Year Rent Change

4.1%

Units Available

83 Rentals

If you’re looking for a great, affordable neighborhood in Tampa, Plaza Terrace might be the perfect place! It has an average rent price of $1,273, while the city’s average stands at $1,647. In the last year, prices have decreased by 4.1%. Plaza Terrace is near Lowry Park Zoo, USF Tampa, and The Florida Aquarium.

Apartments for Rent in Plaza Terrace Plaza Terrace Cheap Apartments

Oak Grove

Average Rent

$1,283/Month

Year-Over-Year Rent Change

5%

Units Available

142 Rentals

Oak Grove, Tampa, offers a serene suburban setting just north of Downtown Tampa. Residents enjoy reasonably priced midsize homes, a variety of Latin American restaurants, and a short drive to Egypt Lake. Convenient access to both quick-bite dining and lush green spaces makes Oak Grove a desirable option for renters.

Apartments for Rent in Oak Grove Oak Grove Cheap Apartments

Northeast Community

Average Rent

$1,295/Month

Year-Over-Year Rent Change

0.1%

Units Available

52 Rentals

Northeast Community is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Community is $1,295 while the city average is $1,647. This is a 0.1% difference from last year. Residents enjoy convenient access to Tampa International, Streetcar Society Station (#3), and USF Tampa.

Apartments for Rent in Northeast Community Northeast Community Cheap Apartments Northeast Community Low Income Apartments

Armenia Gardens

Average Rent

$1,315/Month

Units Available

45 Rentals

When you’re looking for a great Tampa neighborhood on a budget, check out Armenia Gardens. The average rent is $1,315, compared to the city average of $1,647. Armenia Gardens is convenient to Busch Gardens Tampa, University of South Florida Botanical Gardens, and Hillsborough C.C., Dale Mabry.

Apartments for Rent in Armenia Gardens Armenia Gardens Cheap Apartments

Wellswood

Average Rent

$1,360/Month

Year-Over-Year Rent Change

3.4%

Units Available

48 Rentals

Wellswood is an affordable neighborhood in Tampa with an average rent price of $1,360. Compare this to the city average of $1,647. In the past year, rent prices have decreased by 3.4%. Wellswood provides easy access to St Pete-Clearwater International, Streetcar Society Station (#3), and Port Tampa Bay Station (#5).

Apartments for Rent in Wellswood Wellswood Cheap Apartments

Ready to make your move to Tampa? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!

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.