
Cheap Apartments for Rent in the Central Peninsula Neighborhood of Clearwater, FL from $300 (243 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Peninsula area of Clearwater.


Total Monthly Price
810 Palm Bluff St, Unit 810 1/2 Palm Bluff

119 N Evergreen Ave

Promenade At Belleair Apartments

The Indigo Apartments

600 Wildwood Way-Best Value In Town!

Total Monthly Price
Four Lakes at Clearwater

2348 Shelley St

117 N Evergreen Ave

Pelican Lake
Tampa's Best Affordable Neighborhoods
Learn about Tampa and the best places to live with original content written by our Tampa, FL Local Expert Vickie Ferguson

The Genesis Apartments

135 N Martin Luther King Jr Ave

1279 Santa Rosa St

Palmetto on West

Madison at Roosevelt

2348 Shelley St, Unit 12

Oakbrook Village Apartments

311 S Arcturas Ave

1215 S Keene Rd

Total Monthly Price
1235 Grove St, Unit B
Rent According to Income: A Look at Income-Restricted Rentals
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Grande Bay

The Eden at Clearwater (formerly The Standard at 2690)

Lexington Club

Royal Breeze Apartments

1103 Drew St

The Palms of Clearwater

Lindru Gardens

The Apartments at Oak Creek

Terraces at Clearwater Beach

Avanda Oaks-One Month Free!
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Total Monthly Price
1325 Drew St, Unit upstairs

Melrose on the Bay Apartment Homes

Total Monthly Price
1009 Jasmine Way, Unit Apt B

Total Monthly Price
Bluestone on the Bay

Imperial Gardens

Total Monthly Price
Avana Coachman

1215 S Keene Rd

Town Place

1365 Drew St

Total Monthly Price
The Pointe at Clearwater
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1280 Druid Road

411 S Nimbus Ave, Unit 3

708 Pennsylvania Ave

Total Monthly Price
1005 Plaza St, Unit Lower

Pearl Cove Apartments

1407 N Betty Ln

1254 Grove St

Total Monthly Price
Avana City Park

1462 Hamlet Ave

1265 Jade Pl
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
Central Peninsula, Clearwater, FL Local Guide

How much does it cost to rent an apartment in Central Peninsula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Peninsula Studio Apartments | $1,638 | $1,025 | $2,784 |
| Central Peninsula 1 Bedroom Apartments | $1,832 | $955 | $3,679 |
| Central Peninsula 2 Bedroom Apartments | $2,217 | $1,149 | $9,749 |
| Central Peninsula 3 Bedroom Apartments | $2,903 | $1,405 | $10,000+ |
| Central Peninsula 4 Bedroom Apartments | $8,800 | $2,639 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 243 rentals with your search options within a 2 mile radius of the Central Peninsula Neighborhood of Clearwater, FL.
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Central Peninsula, Clearwater, FL Local Guide
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Cheapest Available Central Peninsula Apartments for Rent
 The cheapest available apartment rental in the Central Peninsula area of Clearwater, FL is a 1 Bed unit found at Sandy Lane priced from $955. 115 145th Ave E has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Central Peninsula apartments for rent in Clearwater, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sandy Lane | Lakeview | 1BR,1BA | $955 |
| 115 145th Ave E | 1 Bedroom | 1BR,1BA | $1,000 |
| The Oasis | Studio A | Studio,1BA | $1,025 |
| 575 Clearwater-Largo Rd, Largo, FL 33770 | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Winding Lane Apartments | One Bedroom | 1BR,1BA | $1,095 |
| 600 Wildwood Way-Best Value In Town! | 1bed, 1bath | 1BR,1BA | $1,095 |
| 7380 63rd St N | 1 Beds, 1 Baths | 1BR,1BA | $1,100 |
| The Indigo Apartments | Studio 2 | Studio,1BA | $1,116 |
| Crescent Lane | Upstairs | 1BR,1BA | $1,120 |
Best Value Apartments for Rent in Central Peninsula, FL
As of July 29, 2026 the best value apartment in the Central Peninsula area is the $1.23 price per square foot 3H-R Model at Lake Starcrest Apartment Homes in the in the Coalition of Clearwater neighborhood starting from $1,970. The second greatest value Central Peninsula apartment is the F 3x2 1,325 SF Model at Monterey Lakes Apartments starting at $1,950 with a $1.47 price per square foot in the Ulmerton neighborhood. Here is today’s list of the best values for Central Peninsula apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Starcrest Apartment Homes | 3H-R | 3BR,2BA | $1.23 |
| Monterey Lakes Apartments | F 3x2 1,325 SF | 3BR,2BA | $1.47 |
| 3413 Sherwood Dr, Unit Apt B | 3413 Sherwood Dr | 2BR,1BA | $1.33 |
| 7550-7750 92nd St | 2 Beds, 2 Baths | 2BR,2BA | $1.47 |
| The Meadows | 2 Bedroom Reno | 2BR,1BA | $1.51 |
| 3322 Camelot Dr | 2/2 | 2BR,2BA | $1.45 |
| Nordica Village | Allendale | 1BR,1BA | $1.53 |
| Clear Harbor Apartments | 2x2 | 2BR,2BA | $1.50 |
| The Apartments at Oak Creek | 2 bedroom 2 bath | 2BR,2BA | $1.42 |
| Palmetto on West | The Evergreen | 2BR,1BA | $1.49 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Central Peninsula, Clearwater, FL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Central Peninsula, Clearwater, and the greater Clearwater area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Central Peninsula Apartments
What is a cheap apartment in Central Peninsula?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Peninsula is under $1,120.
What is the price of a cheap apartment in Central Peninsula?
The cheapest apartment in Central Peninsula is Sandy Lane which is listed at $955, while the average apartment in Central Peninsula costs $17,780.
What types of apartments are the cheapest in Central Peninsula?
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 96 regular apartments in Central Peninsula 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 Central Peninsula?
Cheap apartments in Central Peninsula have an average cost of $133 which is $17,647 cheaper than the average rent for all rentals in Central Peninsula.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.