Most Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Riverwalk at Waterside Island, Scott's Little Farms, 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 September 12, 2025, the average rent in Tampa is $1,649, which is 0.8% 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.
Riverwalk at Waterside Island
Average Rent
$1,126/Month
TransitScore® Rating
29/100
Units Available
15 Rentals
Riverwalk at Waterside Island is an affordable neighborhood in Tampa with an average rent price of $1,126. Compare this to the city average of $1,649. Riverwalk at Waterside Island provides easy access to USF Tampa, Lowry Park Zoo, and Streetcar Society Station (#3). It’s a car-dependent neighborhood with a WalkScore® of 8.
Scott's Little Farms
Average Rent
$1,128/Month
TransitScore® Rating
45/100
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Scott's Little Farms might be the perfect place! It has an average rent price of $1,128, while the city’s average stands at $1,649. Scott's Little Farms is near Hillsborough C.C., Ybor City, Fowler Shopping Plaza, and Centro Ybor Station (#2).
Sonoma Park Condominiums
Average Rent
$1,142/Month
TransitScore® Rating
34/100
Units Available
18 Rentals
Sonoma Park Condominiums is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sonoma Park Condominiums is $1,142 while the city average is $1,649. Residents enjoy convenient access to Tampa International, Cadrecha Plaza Station (#4), and Eureka Springs Park. The neighborhood is considered car-dependent with a WalkScore® of 49.
Del Rio Estates
Average Rent
$1,168/Month
Units Available
17 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Del Rio Estates. The average rent is $1,168, compared to the city average of $1,649. Del Rio Estates is convenient to Publix Station (#5), USF Tampa, and Streetcar Society Station (#3).
Northeast Community
Average Rent
$1,188/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
34/100
Units Available
44 Rentals
Northeast Community is an affordable neighborhood in Tampa with an average rent price of $1,188. Compare this to the city average of $1,649. In the past year, rent prices have increased by 0.2%. Northeast Community provides easy access to MOSI, Cadrecha Plaza Station (#4), and South Terrace Plaza. It’s a car-dependent neighborhood with a WalkScore® of 36.
University Oakwoods Condominium
Average Rent
$1,207/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 $1,207, while the city’s average stands at $1,649. University Oakwoods Condominium is near Shoppers Square Shopping Center, Lowry Park Zoo, and University Commercial Center.
Sherwood Heights
Average Rent
$1,236/Month
TransitScore® Rating
36/100
Units Available
14 Rentals
Sherwood Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sherwood Heights is $1,236 while the city average is $1,649. Residents enjoy convenient access to Cadrecha Plaza Station (#4), Streetcar Society Station (#3), and Everest University, Brandon. The neighborhood is considered walkable with a WalkScore® of 82.
Plandome Heights
Average Rent
$1,244/Month
TransitScore® Rating
41/100
Units Available
15 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Plandome Heights. The average rent is $1,244, compared to the city average of $1,649. Plandome Heights is convenient to Takomah Trail Park, Centennial Park Station (#1), and Hillsborough C.C., Dale Mabry. The community is somewhat walkable with a WalkScore® of 60.
University Square
Average Rent
$1,257/Month
Year-Over-Year Rent Change
0.1%
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.
Town'n Country Park
Average Rent
$1,270/Month
Units Available
10 Rentals
Town'n Country Park is an affordable neighborhood in Tampa with an average rent price of $1,270. Compare this to the city average of $1,649. Town'n Country Park provides easy access to Skyconnect Passenger Terminal Station, Hillsborough C.C., Dale Mabry, and Victoria Square.
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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.