Cheap Homes for Rent in Paradise Island Neighborhood of St. Petersburg, FL from $1,500 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Paradise Island area of St. Petersburg.

property at 8921 Blind Pass Rd

8921 Blind Pass Rd

St Pete BeachFL33706

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.

Read Article
property at 8921 Blind Pass Rd

8921 Blind Pass Rd

St Pete BeachFL33706

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.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 400 64th Ave

400 64th Ave

St Pete BeachFL33706

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-34, Page 1 of 1

Paradise Island, St. Petersburg, FL Local Guide

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 $1,237. Bay Pointe Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,290. Here are the most affordable Paradise Island apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
The Drake at St. PeteSakonnetStudio,1BA$1,237
Bay Pointe TowerS1Studio,1BA$1,290
Waters PointeA41BR,1BA$1,945

Best Value Apartments for Rent in Paradise Island, FL

As of June 19, 2025 the best value apartment in the Paradise Island area is the $1.65 price per square foot 345 Capri Blvd Model at 345 Capri Blvd, Unit 4 in the in the Isle of Capri neighborhood starting from $3,500. The second greatest value Paradise Island apartment is the A1 Model at Waters Pointe starting at $2,035 with a $2.78 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 ListingModel NameBed/BathPrice Per Sq.Ft.
345 Capri Blvd, Unit 4345 Capri Blvd3BR,3BA$1.65
Waters PointeA11BR,1BA$2.78
13535 Boca Ciega Ave, Unit 413535 Boca Ciega Ave1BR,1BA$3.38
Bay Pointe TowerS1Studio ,1BA$2.85
The Drake at St. PeteSakonnetStudio ,1BA$2.75

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Paradise Island

What type of rentals are currently available in Paradise Island?

There are currently 203 Apartments for Rent in Paradise Island, FL with pricing that ranges from $1,210 to $18,030. There are also 129 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paradise Island ranging from $1,500 to $23,000.

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 $1,500 to $23,000 with an average monthly rent of $6,683.

How much are larger Three and Four Bedroom Rentals in Paradise Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Paradise Island range from $2,580 to $8,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $8,900. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $10,000.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.