
Cheap Apartments for Rent in the Pennington Village Neighborhood of Tampa, FL from $800 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pennington Village area of Tampa.


Total Monthly Price
Park at Lake Magdalene Apartments and Townhomes

Seven Lakes at Carrollwood

Total Monthly Price
St. James Crossing

Palencia

Avion at Carrollwood

Waterstone 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.

The Pointe at Carrollwood

The Landings At Cypress Meadows

Lofton Place Apartments

5620 Pinnacle Heights Cir, Unit 105

Cedar Forest Apartments

Easy Street Apartments

The Gardens at Rose Harbor
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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.

Northgreen at Carrollwood

13830 Orange Sunset Dr

5620 Pinnacle Heights Cir

13727 Juniper Blossom Dr

The Villas At Newport Landing

5616 Pinnacle Heights Cir

5602 Pinnacle Heights Cir
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.

Lake Carlton Arms
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 | $1,192 | $899 | $1,445 |
| Pennington Village 1 Bedroom Apartments | $1,512 | $999 | $2,654 |
| Pennington Village 2 Bedroom Apartments | $1,792 | $1,439 | $2,704 |
| Pennington Village 3 Bedroom Apartments | $2,440 | $1,732 | $5,415 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 3 mile radius of the Pennington Village Neighborhood of Tampa, FL.
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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. Park at Lake Magdalene Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $1,135. 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 |
| Park at Lake Magdalene Apartments and Townhomes | Studio | Studio,1BA | $1,135 |
| Northgreen at Carrollwood | 1 | 1BR,1BA | $1,140 |
| Avion at Carrollwood | A1 | 1BR,1BA | $1,275 |
| Palencia | Barcelona | 1BR,1BA | $1,289 |
Best Value Apartments for Rent in Pennington Village, FL
As of February 25, 2026 the best value apartment in the Pennington Village area is the $1.31 price per square foot 2 BR Townhome (1-2 Bath) Model at Lake Carlton Arms in the in the Cypress Meadows neighborhood starting from $1,674. The second greatest value Pennington Village apartment is the $1.69/sq.ft. - Three Bedroom Model at The Landings At Cypress Meadows starting at $2,025 with a $1.69 price per square foot in the Cypress Meadows 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. |
|---|---|---|---|
| Lake Carlton Arms | 2 BR Townhome (1-2 Bath) | 2BR,1.5BA | $1.31 |
| The Landings At Cypress Meadows | $1.69/sq.ft. - Three Bedroom | 3BR,2BA | $1.69 |
| Cypress Grand | B1 | 2BR,2BA | $1.69 |
| 13692 Orange Sunset Dr, Unit 102 | 13692 Orange Sunset Dr | 2BR,1BA | $2.00 |
| MAA Belmere | The Regent | 1BR,1BA | $1.87 |
| MAA Carrollwood | The Aster | 1BR,1BA | $2.02 |
| Citrus Village | A3 | 1BR,1BA | $2.00 |
| Northgreen at Carrollwood | 1A | 1BR,1BA | $1.91 |
| Sabal Palm | A1 | 1BR,1BA | $2.11 |
| Countrywood | Studio | Studio ,1BA | $2.00 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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.
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 a cheap apartment in Pennington Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pennington Village is under $1,409.
What is the price of a cheap apartment in Pennington Village?
The cheapest apartment in Pennington Village is Countrywood which is listed at $999, while the average apartment in Pennington Village costs $2,355.
What types of apartments are the cheapest in Pennington Village?
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 10 regular apartments in Pennington Village 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 Pennington Village?
Cheap apartments in Pennington Village have an average cost of $261 which is $2,094 cheaper than the average rent for all rentals in Pennington Village.
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.

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.

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.

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.