Best Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are Riverwalk at Waterside Island, Del Rio Estates, and University Oakwoods Condominium. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of March 24, 2026, the average rent in Tampa is $1,638, which is 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
28 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Riverwalk at Waterside Island. The average rent is $1,097, compared to the city average of $1,638. Riverwalk at Waterside Island is convenient to Southwest Florida Coll., Tampa, Centro Ybor Station (#2), and Centennial Park Station (#1).
Del Rio Estates
Average Rent
$1,107/Month
Units Available
28 Rentals
Del Rio Estates is an affordable neighborhood in Tampa with an average rent price of $1,107. Compare this to the city average of $1,638. Del Rio Estates provides easy access to MOSI, St Pete-Clearwater International, and Southwest Florida Coll., Tampa.
University Oakwoods Condominium
Average Rent
$1,125/Month
Units Available
15 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 $1,125, while the city’s average stands at $1,638. University Oakwoods Condominium is near Takomah Trail Park, Centennial Park Station (#1), and St Pete-Clearwater International.
Plandome Heights
Average Rent
$1,166/Month
Units Available
17 Rentals
Plandome Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Plandome Heights is $1,166 while the city average is $1,638. Residents enjoy convenient access to Busch Gardens Tampa, Cadrecha Plaza Station (#4), and University Commercial Center.
Sunset
Average Rent
$1,207/Month
Units Available
10 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Sunset. The average rent is $1,207, compared to the city average of $1,638. Sunset is convenient to McKay Bay Nature Park, Encore Commons, and The Florida Aquarium Station (#7).
Northeast Community
Average Rent
$1,209/Month
Year-Over-Year Rent Change
0.2%
Units Available
54 Rentals
Northeast Community is an affordable neighborhood in Tampa with an average rent price of $1,209. Compare this to the city average of $1,638. In the past year, rent prices have increased by 0.2%. Northeast Community provides easy access to USF Tampa, Tampa International, and St Pete-Clearwater International.
Tall Pines
Average Rent
$1,226/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Tampa, Tall Pines might be the perfect place! It has an average rent price of $1,226, while the city’s average stands at $1,638. Tall Pines is near USF Tampa, The University of Tampa, and Little Red Plaza.
Sonoma Park Condominiums
Average Rent
$1,241/Month
Units Available
20 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 $1,241 while the city average is $1,638. Residents enjoy convenient access to Southwest Florida Coll., Tampa, Terrace Collection, and Village 56.
Raintree Village Condominiums
Average Rent
$1,249/Month
Units Available
11 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out Raintree Village Condominiums. The average rent is $1,249, compared to the city average of $1,638. Raintree Village Condominiums is convenient to University of South Florida Botanical Gardens, Everest University, Brandon, and Lettuce Lake Park.
Town'n Country Park
Average Rent
$1,263/Month
Units Available
11 Rentals
Town'n Country Park is an affordable neighborhood in Tampa with an average rent price of $1,263. Compare this to the city average of $1,638. Town'n Country Park provides easy access to Lake Rogers Park, Hillsborough C.C., Ybor City, and Philippe 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.