
Cheap Apartments for Rent in the Pennington Village Neighborhood of Tampa, FL from $800 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pennington Village area of Tampa.


Park at Lake Magdalene Apartments and Townhomes

Lofton Place Apartments

The Pointe at Carrollwood

Seven Lakes at Carrollwood
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.

Northgreen at Carrollwood

Avion at Carrollwood

The Landings At Cypress Meadows

Waterstone at Carrollwood
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.

5612 Pinnacle Heights Cir

Lake Carlton Arms
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.
Pennington Village, Tampa, FL Local Guide

How much does it cost to rent an apartment in Pennington Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennington Village Studio Apartments | $1,080 | $899 | $1,306 |
| Pennington Village 1 Bedroom Apartments | $1,475 | $999 | $2,554 |
| Pennington Village 2 Bedroom Apartments | $1,775 | $1,249 | $2,851 |
| Pennington Village 3 Bedroom Apartments | $2,784 | $2,025 | $6,609 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 3 mile radius of the Pennington Village Neighborhood of Tampa, FL.
See all Apartments in TampaExplore Tampa
Pennington Village, Tampa, FL Local Guide
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Cheapest Available Pennington Village Apartments for Rent
 The cheapest available apartment rental in the Pennington Village area of Tampa, FL is a Studio unit found at Countrywood priced from $899. Palencia has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,089. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Countrywood | Studio | Studio,1BA | $899 |
| Palencia | Barcelona | 1BR,1BA | $1,089 |
| Park at Lake Magdalene Apartments and Townhomes | Studio | Studio,1BA | $1,095 |
| St. James Crossing | 1A | 1BR,1BA | $1,210 |
| Seven Lakes at Carrollwood | Lily | Studio,1BA | $1,216 |
Best Value Apartments for Rent in Pennington Village, FL
As of November 14, 2025 the best value apartment in the Pennington Village area is the $1.42 price per square foot The Elite Model at MAA Belmere in the in the Mid Village neighborhood starting from $1,588. The second greatest value Pennington Village apartment is the Daisy Elite Model at The Pointe at Carrollwood starting at $1,713 with a $1.61 price per square foot in the Mid Village neighborhood. Here is today’s list of the best values for Pennington Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| MAA Belmere | The Elite | 2BR,2BA | $1.42 |
| The Pointe at Carrollwood | Daisy Elite | 2BR,2BA | $1.61 |
| Cypress Grand | A1 | 1BR,1BA | $1.74 |
| Arbors at Carrollwood | A1 | 1BR,1BA | $1.99 |
| MAA Carrollwood | The Aster | 1BR,1BA | $2.04 |
| The Landings At Cypress Meadows | $1.82/sq.ft. - One Bedroom | 1BR,1BA | $1.82 |
| Sabal Palm | A1 | 1BR,1BA | $2.03 |
| Northgreen at Carrollwood | 1 | 1BR,1BA | $2.04 |
| Palencia | Barcelona | 1BR,1BA | $1.82 |
| Countrywood | Studio | Studio ,1BA | $2.00 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
Read ArticleTop Student Friendly Neighborhoods to Rent Near Colleges in Tampa
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Tampa Bay area for affordable living. Find your perfect Tampa Student apartment, condo, or rental home today at ApartmentHomeliving.com
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 LifestylePennington Village, Tampa, FL
Ranked #242
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Pennington Village, Tampa, FL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Florida and customized analysis for Tampa, Florida. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Pennington Village Apartments
What is the Cheapest Studio apartment in Pennington Village?
Currently the most affordable Cheap Studio Apartment in Pennington Village is at Countrywood listed at $899.
How much is rent for a Cheap One Bedroom Pennington Village Apartment?
The lowest price for a Cheap One Bedroom Pennington Village Apartment is $999 at Countrywood.
What is the lowest price for a Cheap Two Bedroom Pennington Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Pennington Village is starting from $1,249 at Countrywood.
What is the most affordable Pennington Village Three Bedroom Apartment?
The best deal on a cheap Pennington Village Three Bedroom Apartment rental is at Sabal Palm and starts from $1,770.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.






