
Cheap Homes for Rent in Paradise Island Neighborhood of St. Petersburg, FL from $1,200 (46 Rentals)
Search the lowest-cost Homes available for rent right now in the Paradise Island area of St. Petersburg.


181 73rd Ave

7261 Bay St, Unit 2

7261 Bay St, Unit 5

7261 Bay St, Unit 6

7261 Bay St, Unit 3

11135 2nd St E

520 70th St N

7645 Sun Island Dr S, Unit 307, Unit 307
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.

7261 Bay St, Unit 7

350 80th Ave

6940 Sunset Dr S

11095 2nd St E

13228 3rd St E

535 68th Ave

7740 Boca Ciega Dr

7338 Coquina Way

200 104th Ave, Unit #2
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.

11355 3rd St E

6755 Gulf Winds Dr

7321 Central Ave

8465 W Gulf Blvd

6950 Avenue Des Palais

680 71st Ave

500 Treasure Island Causeway

511 Plaza Seville Ct, Unit #24, Unit #24

1332 Pasadena Ave S, Unit 205, Unit 205
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.

7540 Bay Island Dr S

10365 Paradise Blvd

8911 Blind Pass Rd, Unit 223, Unit 223

1316 Pasadena Ave S, Unit 204, Unit 204

10355 Paradise Blvd, Unit 113, Unit 113

7465 Bay Island Dr S, Unit Apt 316, Unit Apt 316

13299 3rd St E

6960 20th Ave N

1840 Shore Dr S
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.

7420 Bay Island Dr S, Unit 176, Unit 176

8931 Blind Pass Rd

7405 Bay Island Dr S

1868 Shore Dr S

1140 Rue des Rois

1324 Pasadena Ave S

6810 Stonesthrow Cir N

11440 1st St E

8921 Blind Pass Rd
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

7625 Sun Island Dr S
Paradise Island, St. Petersburg, FL Local Guide

How much does it cost to rent a home in Paradise Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paradise Island 2 Bedroom Homes for Rent | $3,169 | $1,900 | $10,000+ |
| Paradise Island 3 Bedroom Homes for Rent | $5,635 | $2,500 | $10,000+ |
| Paradise Island 4 Bedroom Homes for Rent | $8,534 | $3,100 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Paradise Island Neighborhood of St. Petersburg, FL.
Explore St. Petersburg
Paradise Island, St. Petersburg, FL Local Guide
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Cheapest Available Paradise Island Apartments for Rent
 The cheapest available apartment rental in the Paradise Island area of Tampa, FL is a Studio unit found at The Drake at St. Pete priced from $1,323. Bay Pointe Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,460. Here are the most affordable Paradise Island apartments for rent in Tampa, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Drake at St. Pete | Sakonnet | Studio,1BA | $1,323 |
| Bay Pointe Tower | S1 | Studio,1BA | $1,460 |
| Splendid unit near the beach | Walk to the beach | 2BR,1BA | $1,895 |
| Waters Pointe | B2 | 2BR,2BA | $2,165 |
Best Value Apartments for Rent in Paradise Island, FL
As of May 18, 2026 the best value apartment in the Paradise Island area is the $2.11 price per square foot Walk to the beach Model at Splendid unit near the beach in the in the Corey Ave Bsa neighborhood starting from $1,895. The second greatest value Paradise Island apartment is the B3 Model at Waters Pointe starting at $2,355 with a $2.67 price per square foot in the Corey Ave Bsa neighborhood. Here is today’s list of the best values for Paradise Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Splendid unit near the beach | Walk to the beach | 2BR,1BA | $2.11 |
| Waters Pointe | B3 | 2BR,2BA | $2.67 |
| 412 73rd Ave, Unit 1 | 412 73rd Ave | 2BR,1BA | $3.69 |
| 520 69th Ave, Unit 1 | 520 69th Ave | 1BR,1BA | $4.80 |
| The Drake at St. Pete | Sakonnet | Studio ,1BA | $2.94 |
| Bay Pointe Tower | E1 | Studio ,1BA | $3.69 |
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.
Pet Friendly LifestyleParadise Island, St. Petersburg, FL
Ranked #90
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Paradise Island
What type of rentals are currently available in Paradise Island?
There are currently 214 Apartments for Rent in Paradise Island, FL with pricing that ranges from $1,243 to $9,366. There are also 169 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paradise Island ranging from $1,200 to $25,000.
What is the current price range for Rental Homes in Paradise Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paradise Island ranges from $1,200 to $25,000 with an average monthly rent of $4,158.
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

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa
Written by: Vickie Ferguson
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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.