Most Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Scott's Little Farms, Riverwalk at Waterside Island, 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 June 14, 2025, the average rent in Tampa is $1,661, which is 0.4% 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.
Scott's Little Farms
Average Rent
$1,131/Month
TransitScore® Rating
45/100
Units Available
10 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Scott's Little Farms. The average rent is $1,131, compared to the city average of $1,661. Scott's Little Farms is convenient to Fowler Shopping Plaza, Centennial Park Station (#1), and Busch Gardens Tampa. The community is somewhat walkable with a WalkScore® of 50.
Riverwalk at Waterside Island
Average Rent
$1,158/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 $1,158. Compare this to the city average of $1,661. Riverwalk at Waterside Island provides easy access to Centennial Park Station (#1), Busch Gardens Tampa, and Lowry Park Zoo. It’s a car-dependent neighborhood with a WalkScore® of 8.
Sonoma Park Condominiums
Average Rent
$1,176/Month
TransitScore® Rating
34/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Sonoma Park Condominiums might be the perfect place! It has an average rent price of $1,176, while the city’s average stands at $1,661. Sonoma Park Condominiums is near USF Tampa, Eureka Springs Park, and Takomah Trail Park.
Del Rio Estates
Average Rent
$1,217/Month
Units Available
13 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 $1,217 while the city average is $1,661. Residents enjoy convenient access to Centennial Park Station (#1), Cadrecha Plaza Station (#4), and St Pete-Clearwater International.
Northeast Community
Average Rent
$1,251/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
34/100
Units Available
26 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Northeast Community. The average rent is $1,251, compared to the city average of $1,661. Rent prices have decreased by 3.5%. Northeast Community is convenient to Takomah Trail Park, Centro Ybor Station (#2), and Hillsborough C.C., Brandon. The community is car-dependent with a WalkScore® of 36.
University Square
Average Rent
$1,287/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
44/100
Units Available
381 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.
Lake View Park
Average Rent
$1,288/Month
TransitScore® Rating
25/100
Units Available
25 Rentals
Lake View Park is an affordable neighborhood in Tampa with an average rent price of $1,288. Compare this to the city average of $1,661. Lake View Park provides easy access to The Greenhouse Shops, Streetcar Society Station (#3), and Tampa International. It’s a walkable neighborhood with a WalkScore® of 73.
University Oakwoods Condominium
Average Rent
$1,324/Month
TransitScore® Rating
41/100
Units Available
10 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 $1,324, while the city’s average stands at $1,661. University Oakwoods Condominium is near Hillsborough C.C., Dale Mabry, St Pete-Clearwater International, and Centro Ybor Station (#2).
Egypt Lake
Average Rent
$1,326/Month
Year-Over-Year Rent Change
7.8%
TransitScore® Rating
29/100
Units Available
51 Rentals
Egypt Lake is a top choice for budget-conscious renters for a variety of reasons. The average rent in Egypt Lake is $1,326 while the city average is $1,661. This is a -7.8% difference from last year. Residents enjoy convenient access to St Pete-Clearwater International, Skyconnect Passenger Terminal Station, and Home Shoppes of Carrollwood. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Towering Pines
Average Rent
$1,354/Month
TransitScore® Rating
55/100
Units Available
28 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Towering Pines. The average rent is $1,354, compared to the city average of $1,661. Towering Pines is convenient to Hillsborough C.C., Dale Mabry, Takomah Trail Park, and MOSI. The community is walkable with a WalkScore® of 87.
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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.