Cheap Apartments for Rent in the Pennington Village Neighborhood of Tampa, FL from $800 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Pennington Village area of Tampa.

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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Cedar Forest Apartments
1 to 3 Bedroom Apartments

Cedar Forest Apartments

12835 Cedar Forest DrTampa, FL 33625
  • Utilities Included
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The Gardens at Rose Harbor
1 to 2 Bedroom Apartments

The Gardens at Rose Harbor

11927 Rose Harbor DrTampa, FL 33625
Senior Living
  • Utilities Included

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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Sabal Palm
1 to 3 Bedroom Apartments

Sabal Palm

3602 Carrollwood PlTampa, FL 33624
Corporate Housing
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St. James Crossing
1 to 2 Bedroom Apartments

St. James Crossing

5620 Tranquility Oaks DrTampa, FL 33624
Corporate Housing

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.

Pennington Village, Tampa, FL Local Guide

Cheapest Available Pennington Village Apartments for Rent

 

The cheapest available apartment rental in the Pennington Village area of Tampa, FL is a 1 Bed unit found at Sabal Palm priced from $1,187. Palencia has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,189. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Sabal PalmA11BR,1BA$1,187
PalenciaBarcelona1BR,1BA$1,189
Avion at CarrollwoodA11BR,1BA$1,260
Park at Lake Magdalene Apartments and TownhomesOne Bedroom1BR,1BA$1,285
St. James Crossing1B Renovation 31BR,1BA$1,300

Best Value Apartments for Rent in Pennington Village, FL

As of January 09, 2026 the best value apartment in the Pennington Village area is the $1.70 price per square foot Cypress Elite Model at The Pointe at Carrollwood in the in the Mid Village neighborhood starting from $1,790. The second greatest value Pennington Village apartment is the A1 Model at Cypress Grand starting at $1,580 with a $1.68 price per square foot in the Rose Harbor neighborhood. Here is today’s list of the best values for Pennington Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Pointe at CarrollwoodCypress Elite2BR,2BA$1.70
Cypress GrandA11BR,1BA$1.68
Countrywood2 Bed 2 Bath2BR,2BA$1.67
MAA BelmereThe Regent1BR,1BA$1.72
Park at Lake Magdalene Apartments and TownhomesTwo Bedroom2BR,1BA$1.73
Arbors at CarrollwoodA11BR,1BA$1.86
MAA CarrollwoodThe Aster1BR,1BA$1.94
PalenciaMadrid1BR,1BA$2.01
The Landings At Cypress Meadows$1.82/sq.ft. - One Bedroom1BR,1BA$1.82
Sabal PalmA11BR,1BA$1.78

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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Top 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

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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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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 price of a cheap apartment in Pennington Village?

The cheapest apartment in Pennington Village is Palencia which is listed at $1,189, while the average apartment in Pennington Village costs $2,421.

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 8 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 $204 which is $2,217 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

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.