Cheap Apartments for Rent in the South Peninsula Neighborhood of Saint Petersburg, FL from $300 (220 Rentals)

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

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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property at 734 21st Ave S

$1,175 - $1,375

1 To 2 Bedroom Rentals

Available Now

734 21st Ave S

St. PetersburgFL33705

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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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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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.

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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.

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South Peninsula, St. Petersburg, FL Local Guide

Cheapest Available South Peninsula Apartments for Rent

 

The cheapest available apartment rental in the South Peninsula area of St. Petersburg, FL is a 1 Bed unit found at Alta Mar at Broadwater Apartments priced from $949. Whitehall Garden Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable South Peninsula apartments for rent in St. Petersburg, FL:

Apartment ListingModel NameBed/BathPriced From
Alta Mar at Broadwater ApartmentsCaravel1BR,1BA$949
Whitehall Garden ApartmentsStudioStudio,1BA$1,000
Reserve at Lake Pointe Apartments and TownhomesStudioStudio,1BA$1,110
The WaylandStudio, One Bath North DeluxeStudio,1BA$1,143
Colony ApartmentsStudio, 1 bathStudio,1BA$1,150
Osprey Pointe Apartment Homes1 bed 1 bath Full Reno1BR,1BA$1,155
San Rafael Apartments2Studio,1BA$1,195
Cedar Hollow Apartments1 Bed 1 Bath 600 Sq. Ft.1BR,1BA$1,199

Best Value Apartments for Rent in South Peninsula, FL

As of April 12, 2026 the best value apartment in the South Peninsula area is the $1.28 price per square foot C2 Model at St. Charles Row in the in the Lakewood Estates neighborhood starting from $1,919. The second greatest value South Peninsula apartment is the 2450 44th St S Model at 2450 44th St S, Unit Skoolie starting at $950 with a $0.77 price per square foot in the Pasadena Golf & Yacht Club neighborhood. Here is today’s list of the best values for South Peninsula apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
St. Charles RowC23BR,2.5BA$1.28
2450 44th St S, Unit Skoolie2450 44th St S1BR,1BA$0.77
Inlet Bay at GatewayPlan B2A2BR,2BA$1.59
4809 46th Ave N, Unit 34809 46th Ave N2BR,1BA$1.50
Clear Harbor Apartments2x22BR,2BA$1.35
3979 43rd Ave N, Unit 43 rd Ave3979 43rd Ave N2BR,1BA$1.53
Park Village ApartmentsMagnolia2BR,2BA$1.53
Fountain Court Apartments1 bedroom1BR,1BA$1.60
Alta Mar at Broadwater ApartmentsCaravel1BR,1BA$1.24
Osprey Pointe Apartment Homes1 bed 1 bath Full Reno1BR,1BA$1.51

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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
South Peninsula, Saint Petersburg, FL

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Peninsula, Saint Petersburg, FL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central St. Petersburg, FL. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Peninsula Apartments

What is a cheap apartment in South Peninsula?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Peninsula is under $1,199.

What is the price of a cheap apartment in South Peninsula?

The cheapest apartment in South Peninsula is Alta Mar at Broadwater Apartments which is listed at $949, while the average apartment in South Peninsula costs $21,520.

What types of apartments are the cheapest in South 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 97 regular apartments in South 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 South Peninsula?

Cheap apartments in South Peninsula have an average cost of $219 which is $21,301 cheaper than the average rent for all rentals in South 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.