Cheap Apartments for Rent in the Magnolia Heights Neighborhood of Saint Petersburg, FL from $700 (124 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia Heights area of Saint Petersburg.

property at 2440 25th St N

$1,000 - $1,200

Studio To 1 Bedroom Rentals

Available Now

2440 25th St N

St. PetersburgFL33713
property at 5850 18th St N

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Total Monthly Price
$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Now

5850 18th St N, Unit 16

5850 18th St N
St. PetersburgFL33714

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.

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2439 8th Ave N
$1,350 - $3,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,195
Total Monthly Price
$1,350 - $3,195
1 to 3 Bedroom Apartment Available Now

2439 8th Ave N

2439 8th Ave NSt. Petersburg, FL 33713
Affordability
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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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property at 725 Jackson St N

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

725 Jackson St N

St. PetersburgFL33705
property at 5680 28th St N

$1,375 - $1,425

1 Bedroom Rentals

Available Now

5680 28th St N

St. PetersburgFL33714

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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.

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Showing Results 1-50, Page 1 of 3

Magnolia Heights, St. Petersburg, FL Local Guide

Cheapest Available Magnolia Heights Apartments for Rent

 

The cheapest available apartment rental in the Magnolia Heights area of Tampa, FL is a Studio unit found at 5th Ave Loft Apartments priced from $1,095. Waterside Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Magnolia Heights apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
5th Ave Loft Apartments0 Beds, 1 BathsStudio,1BA$1,095
Waterside VillageA11BR,1BA$1,150
Hideout ParkStudioStudio,1BA$1,195
805 4th Ave N, St. Petersburg, FL 33701Studio/1.0BAStudio,1BA$1,195
Mirror Lake ApartmentsStudio1BR,1BA$1,200
Dover Apartments1BR1BR,1BA$1,200
Colony ApartmentsStudioStudio,1BA$1,200
San Rafael Apartments18Studio,1BA$1,250
Nordica FlatsA21BR,1BA$1,299
Villa Rica ApartmentsCabanaStudio,1BA$1,299

Best Value Apartments for Rent in Magnolia Heights, FL

As of June 25, 2026 the best value apartment in the Magnolia Heights area is the $1.78 price per square foot C1 Model at Booker Creek Apartments in the in the Melrose-Mercy neighborhood starting from $2,199. The second greatest value Magnolia Heights apartment is the 1013 5th St N Model at 1013 5th St N, Unit 3 - Vintage View Loft starting at $2,625 with a $2.28 price per square foot in the Greater South Central neighborhood. Here is today’s list of the best values for Magnolia Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Booker Creek ApartmentsC13BR,2BA$1.78
1013 5th St N, Unit 3 - Vintage View Loft1013 5th St N2BR,1BA$2.28
Calais Park Apartments2x12BR,1BA$1.85
Loft at Third2/1RH2BR,1BA$2.14
4th Street Flats1 Beds, 1.5 Baths1BR,1.5BA$1.99
The Portland2 Bedroom 1 Bath2BR,1BA$1.96
Nordica BayA1 – 1X11BR,1BA$2.06
Dover Apartments1BR1BR,1BA$2.00
Sans Souci Apartments1 BR1BR,1BA$2.13
Mirror Lake ApartmentsStudio1BR,1BA$2.29

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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Real 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.

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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
Magnolia Heights, Saint Petersburg, FL

Ranked #68

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Magnolia Heights, Saint Petersburg, FL

School data provided by Great Schools

Frequently Asked Questions about Cheap Magnolia Heights Apartments

What is a cheap apartment in Magnolia Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnolia Heights is under $1,299.

What is the price of a cheap apartment in Magnolia Heights?

The cheapest apartment in Magnolia Heights is Waterside Village which is listed at $1,150, while the average apartment in Magnolia Heights costs $3,395.

What types of apartments are the cheapest in Magnolia Heights?

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 7 regular apartments in Magnolia Heights 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 Magnolia Heights?

Cheap apartments in Magnolia Heights have an average cost of $412 which is $2,983 cheaper than the average rent for all rentals in Magnolia Heights.

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.

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Hi, and welcome to ApartmentHomeLiving.com, we're here to provide you with all the information you need about top areas in and around Tampa that are great choices to call home.

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Hi, I'm Vickie, and welcome to Apartment Home Living. As a long-time resident of Tampa, I'm here to serve as your expert local guide in and around the city's neighborhoods that are near to local colleges and universities.

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