Cheap Apartments for Rent in the Pennington Village Neighborhood of Tampa, FL from $900 (41 Rentals)

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

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St. James Crossing
Rent Specials
$1,265 - $2,624
Total Monthly Price

Total Monthly Price

Base Rent
$1,265 - $2,624
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

St. James Crossing

5620 Tranquility Oaks DrTampa, FL 33624
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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property at 12608 Castle Hill Dr

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

12608 Castle Hill Dr

TampaFL33624
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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
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Sabal Palm
1 to 3 Bedroom Apartments

Sabal Palm

3602 Carrollwood PlTampa, FL 33624
Corporate Housing
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Citrus Village
1 to 3 Bedroom Apartments

Citrus Village

7940 Citrus Garden DrTampa, FL 33625

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Showing Results 1-41, Page 1 of 1

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 Studio unit found at Countrywood priced from $1,029. Park at Lake Magdalene Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $1,115. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
CountrywoodStudioStudio,1BA$1,029
Park at Lake Magdalene Apartments and TownhomesStudioStudio,1BA$1,115
Sabal PalmA11BR,1BA$1,180
PalenciaBarcelona1BR,1BA$1,194
Seven Lakes at CarrollwoodLilyStudio,1BA$1,211
Waterstone at CarrollwoodA1r1BR,1BA$1,250
St. James Crossing1A1BR,1BA$1,265
Northgreen at Carrollwood11BR,1BA$1,290
Avion at CarrollwoodA11BR,1BA$1,310
Seasons at WestchaseThe SeasonsStudio,1BA$1,361

Best Value Apartments for Rent in Pennington Village, FL

As of April 12, 2026 the best value apartment in the Pennington Village area is the $1.95 price per square foot B1 Model at Arbors at Carrollwood in the in the Mid Village neighborhood starting from $2,234. The second greatest value Pennington Village apartment is the B1 Model at Cypress Grand starting at $1,920 with a $1.71 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.
Arbors at CarrollwoodB12BR,2BA$1.95
Cypress GrandB12BR,2BA$1.71
MAA CarrollwoodThe Eucalyptus2BR,2BA$1.83
MAA BelmereThe Regent1BR,1BA$1.81
Lake Carlton ArmsBL4 Upstairs1BR,1BA$1.93
The Landings At Cypress Meadows$1.89/sq.ft. - One Bedroom1BR,1BA$1.89
Sabal PalmA11BR,1BA$1.75
Lakes of Northdale ApartmentsCarrol1BR,1BA$2.15
Northgreen at Carrollwood11BR,1BA$2.08
PalenciaBarcelona1BR,1BA$1.99

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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Pennington Village, Tampa, FL

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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 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 $1,361.

What is the price of a cheap apartment in Pennington Village?

The cheapest apartment in Pennington Village is Sabal Palm which is listed at $1,180, while the average apartment in Pennington Village costs $2,340.

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 11 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 $273 which is $2,067 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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

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Renting your next home can feel thrilling and overwhelming at the same time.