Best Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Scott's Little Farms, Riverwalk at Waterside Island, and Del Rio Estates. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of December 23, 2025, the average rent in Tampa is $1,625, which is 2% 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.
Scott's Little Farms
Average Rent
$1,068/Month
TransitScore® Rating
45/100
Units Available
11 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 $1,068, while the city’s average stands at $1,625. Scott's Little Farms is near University of South Florida Botanical Gardens, Shoppers Square Shopping Center, and Cadrecha Plaza Station (#4).
Riverwalk at Waterside Island
Average Rent
$1,119/Month
TransitScore® Rating
29/100
Units Available
15 Rentals
Riverwalk at Waterside Island is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverwalk at Waterside Island is $1,119 while the city average is $1,625. Residents enjoy convenient access to Centennial Park Station (#1), Busch Gardens Tampa, and University of South Florida Botanical Gardens. The neighborhood is considered car-dependent with a WalkScore® of 8.
Del Rio Estates
Average Rent
$1,145/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 $1,145, compared to the city average of $1,625. Del Rio Estates is convenient to USF Tampa, Eureka Springs Park, and University of South Florida Botanical Gardens.
Sonoma Park Condominiums
Average Rent
$1,171/Month
TransitScore® Rating
34/100
Units Available
35 Rentals
Sonoma Park Condominiums is an affordable neighborhood in Tampa with an average rent price of $1,171. Compare this to the city average of $1,625. Sonoma Park Condominiums provides easy access to Publix Station (#5), Streetcar Society Station (#3), and Hillsborough C.C., Ybor City. It’s a car-dependent neighborhood with a WalkScore® of 49.
Sherwood Heights
Average Rent
$1,181/Month
TransitScore® Rating
36/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Sherwood Heights might be the perfect place! It has an average rent price of $1,181, while the city’s average stands at $1,625. Sherwood Heights is near Cadrecha Plaza Station (#4), Publix Station (#5), and Hillsborough C.C., Ybor City.
Sunset
Average Rent
$1,187/Month
TransitScore® Rating
32/100
Units Available
10 Rentals
Sunset is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sunset is $1,187 while the city average is $1,625. Residents enjoy convenient access to Hsbc Station (#9), Tampa International, and The University of Tampa. The neighborhood is considered car-dependent with a WalkScore® of 43.
Northeast Community
Average Rent
$1,210/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
34/100
Units Available
41 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Northeast Community. The average rent is $1,210, compared to the city average of $1,625. Rent prices have increased by 0.1%. Northeast Community is convenient to Centro Ybor Station (#2), South Terrace Plaza, and Hillsborough C.C., Brandon. The community is car-dependent with a WalkScore® of 36.
University Oakwoods Condominium
Average Rent
$1,217/Month
TransitScore® Rating
41/100
Units Available
16 Rentals
University Oakwoods Condominium is an affordable neighborhood in Tampa with an average rent price of $1,217. Compare this to the city average of $1,625. University Oakwoods Condominium provides easy access to Tampa International, Streetcar Society Station (#3), and Takomah Trail Park. It’s a walkable neighborhood with a WalkScore® of 75.
Plandome Heights
Average Rent
$1,237/Month
TransitScore® Rating
41/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Plandome Heights might be the perfect place! It has an average rent price of $1,237, while the city’s average stands at $1,625. Plandome Heights is near Takomah Trail Park, St Pete-Clearwater International, and University Commercial Center.
University Square
Average Rent
$1,280/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
44/100
Units Available
338 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.
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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.