Cheap Apartments for Rent near Sumatra, FL from $500 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Sumatra.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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.

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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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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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The Arbors @ 15th
1 to 3 Bedroom Apartments

The Arbors @ 15th

265 W 15th StPanama City, FL 32401
  • Utilities Included
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Jordan Bayou
3 Bedroom Apartments

Jordan Bayou

183 Preservation DrCarrabelle, FL 32322
  • Utilities Included

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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Showing Results 1-45, Page 1 of 1

Sumatra, FL Local Guide

Cheapest Available Sumatra Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sumatra, FL is a Studio unit found at Cottages by the Bay priced from $899. Cedar Trace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Sumatra apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages by the BayStudioStudio,1BA$899
Cedar Trace Apartments1 bedroom1BR,1BA$900
Northgate Terrace IThe Kenley IIStudio,1BA$935
Palm Court Apartments2 Bed 1 Bath2BR,1BA$995
Arbor Crest Apartments2BR2BR,2BA$1,098
Pinnacle at Hammock Square2x22BR,2BA$1,175
Pinnacle at Hammock Place2x22BR,2BA$1,180
Tyndall Pointe Townhomes1 Bed 1 Bath Unit1BR,1BA$1,195
Exchange at North BayA-11BR,1BA$1,219
Bay Front Apartments1 Bed, 1 Bath1BR,1BA$1,275

Best Value Apartments for Rent in Sumatra, FL and Nearby

As of August 02, 2026 the best value apartment in the Sumatra area is the $1.21 price per square foot Ryder Model at Sunset Village in the starting from $2,455. The second greatest value Sumatra apartment is the 3 bedroom Model at Bridge Harbor Townhomes starting at $1,900 with a $1.28 price per square foot . Here is today’s list of the best values for Sumatra apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset VillageRyder4BR,2BA$1.21
Bridge Harbor Townhomes3 bedroom3BR,2.5BA$1.28
The EnclaveGreat Blue Heron3BR,2BA$1.15
The Premier Townhomes @ 1694Roma4BR,4BA$1.23
Arbor Trace Apartment HomesSilver Bell2BR,2BA$1.14
North Bay LandingsTwo Bedroom2BR,2BA$1.28
Pinnacle at Hammock Square2x22BR,2BA$1.12
Pinnacle at Hammock Place2x22BR,2BA$1.13
Arbor Crest Apartments2BR2BR,2BA$1.26
Palm Court Apartments2 Bed 1 Bath2BR,1BA$1.21

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Sumatra, FL Rentals by Map

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Frequently Asked Questions about Cheap Sumatra Apartments

How much is rent for a Cheap One Bedroom Sumatra Apartment?

The lowest price for a Cheap One Bedroom Sumatra Apartment is $900 at Cedar Trace Apartments.

What is the lowest price for a Cheap Two Bedroom Sumatra Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sumatra is starting from $995 at Palm Court Apartments.

What is the most affordable Sumatra Three Bedroom Apartment?

The best deal on a cheap Sumatra Three Bedroom Apartment rental is at Palm Court Apartments and starts from $1,095.

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

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.