Cheapest Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Riverwalk at Waterside Island, Del Rio Estates, and Scott's Little Farms. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of August 9, 2026, the average rent in Tampa is $1,656, which is 0.3% 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.
Riverwalk at Waterside Island
Average Rent
$1,097/Month
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 $1,097, while the city’s average stands at $1,656. Riverwalk at Waterside Island is near Cadrecha Plaza Station (#4), Southwest Florida Coll., Tampa, and University of South Florida Botanical Gardens.
Del Rio Estates
Average Rent
$1,117/Month
Units Available
25 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 $1,117 while the city average is $1,656. Residents enjoy convenient access to Port Tampa Bay Station (#5), MOSI, and Centennial Park Station (#1).
Scott's Little Farms
Average Rent
$1,124/Month
Units Available
14 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Scott's Little Farms. The average rent is $1,124, compared to the city average of $1,656. Scott's Little Farms is convenient to Port Tampa Bay Station (#5), University of South Florida Botanical Gardens, and Centro Ybor Station (#2).
Forest Hills
Average Rent
$1,202/Month
Year-Over-Year Rent Change
3.7%
Units Available
29 Rentals
Forest Hills is an affordable neighborhood in Tampa with an average rent price of $1,202. Compare this to the city average of $1,656. In the past year, rent prices have decreased by 3.7%. Forest Hills provides easy access to MOSI, Florida Avenue West, and Hillsborough C.C., Ybor City.
University Square
Average Rent
$1,202/Month
Year-Over-Year Rent Change
0.8%
Units Available
353 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
$1,245/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Town'n Country Park might be the perfect place! It has an average rent price of $1,245, while the city’s average stands at $1,656. Town'n Country Park is near Skyconnect Rental Car Facility Station, Skyconnect Passenger Terminal Station, and Philippe Park.
Homelands
Average Rent
$1,259/Month
Units Available
43 Rentals
Homelands is a top choice for budget-conscious renters for a variety of reasons. The average rent in Homelands is $1,259 while the city average is $1,656. Residents enjoy convenient access to St Pete-Clearwater International, 3260 W Hillsborough Ave, and The Florida Aquarium.
Golfland of Tampa
Average Rent
$1,274/Month
Units Available
13 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Golfland of Tampa. The average rent is $1,274, compared to the city average of $1,656. Golfland of Tampa is convenient to Centennial Park Station (#1), Cadrecha Plaza Station (#4), and Centro Ybor Station (#2).
Lowry Park
Average Rent
$1,286/Month
Year-Over-Year Rent Change
9.7%
Units Available
69 Rentals
Lowry Park is an affordable neighborhood in Tampa with an average rent price of $1,286. Compare this to the city average of $1,656. In the past year, rent prices have decreased by 9.7%. Lowry Park provides easy access to Ross Plaza, Tampa International, and Busch Gardens Tampa.
Armenia Village Condominium
Average Rent
$1,286/Month
Units Available
69 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Armenia Village Condominium might be the perfect place! It has an average rent price of $1,286, while the city’s average stands at $1,656. Armenia Village Condominium is near Waters-Armenia Plaza, Busch Gardens Tampa, and Takomah Trail Park.
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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.