Cheap Apartments for Rent in the Island Estate Neighborhood of Clearwater Beach, FL from $500 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Island Estate area of Clearwater Beach.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Santa Rosa Apartments
1 to 3 Bedroom Apartments

Santa Rosa Apartments

1270 Santa Rosa StClearwater, FL 33756
  • Utilities Included
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Jefferson
1 to 3 Bedroom Apartments

Jefferson

121 N Jefferson AveClearwater, FL 33755
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Island Estate, Clearwater Beach, FL Local Guide

Cheapest Available Island Estate Apartments for Rent

 

The cheapest available apartment rental in the Island Estate area of Clearwater Beach, FL is a Studio unit found at The Indigo priced from $547. Lexington Club has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,131. Here are the most affordable Island Estate apartments for rent in Clearwater Beach, FL:

Apartment ListingModel NameBed/BathPriced From
The IndigoStudio 3Studio,1BA$547
Lexington Club2 Bedroom2BR,2BA$1,131
Apache Trail Apartments1 Bedroom Den1BR,1BA$1,150
Palmetto on WestThe Evergreen2BR,1BA$1,214
Lindru Gardens1 Bedroom 1 Bath1BR,1BA$1,269

Best Value Apartments for Rent in Island Estate, FL

As of January 25, 2026 the best value apartment in the Island Estate area is the $1.54 price per square foot 994 Druid Rd E Model at 994 Druid Rd E, Unit 994 in the in the Island Estate neighborhood starting from $1,850. The second greatest value Island Estate apartment is the The Evergreen Model at Palmetto on West starting at $1,214 with a $1.52 price per square foot in the Island Estate neighborhood. Here is today’s list of the best values for Island Estate apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
994 Druid Rd E, Unit 994994 Druid Rd E2BR,1.5BA$1.54
Palmetto on WestThe Evergreen2BR,1BA$1.52
700 N Hamilton Cres, Unit 1700 N Hamilton Cres1BR,1BA$2.24
Lexington Club2 Bedroom2BR,1BA$1.48
Terraces at Clearwater BeachTwo Bedroom2BR,1BA$1.78
Lindru Gardens1 Bedroom 1 Bath1BR,1BA$1.76
Mainstreet ApartmentsThe Lane1BR,1BA$2.21
312 Avanda Ct, Unit 9312 Avanda Ct1BR,1BA$2.25
Apache Trail Apartments1 Bedroom Den1BR,1BA$2.23
The IndigoStudio 1Studio ,1BA$1.63

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Island Estate, Clearwater Beach, FL

Ranked #1

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Island Estate Apartments

What is a cheap apartment in Island Estate?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Island Estate is under $1,595.

What is the price of a cheap apartment in Island Estate?

The cheapest apartment in Island Estate is The Indigo which is listed at $586, while the average apartment in Island Estate costs $9,200.

What types of apartments are the cheapest in Island Estate?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 39 regular apartments in Island Estate that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Island Estate?

Cheap apartments in Island Estate have an average cost of $865 which is $8,335 cheaper than the average rent for all rentals in Island Estate.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.