
Cheap Apartments for Rent in the Pennington Village Neighborhood of Tampa, FL from $800 (53 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

Palencia

Seven Lakes at Carrollwood

Total Monthly Price
St. James Crossing

Waterstone at Carrollwood

Avion at Carrollwood

Total Monthly Price
The Pointe at Carrollwood

5612 Pinnacle Heights Cir

The Landings At Cypress Meadows
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MAA Belmere

Seasons at Westchase

Lofton Place Apartments

13831 Orange Sunset Dr, Unit 101

Total Monthly Price
Arbors at Carrollwood

16107 Pebblebrook Dr

Lakes of Northdale Apartments

2539 Cedar Cypress Ct.

Sole at Citrus Park

Brookview at Citrus Park
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MAA Carrollwood

16586 Brigadoon Dr

Cedar Forest Apartments

Easy Street Apartments

The Gardens at Rose Harbor

13686 Orange Sunset Dr

Northgreen at Carrollwood

15509 Casey Rd

15509 Casey Rd Ext

Sabal Palm
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The Villas At Newport Landing

13725 Juniper Blossom Dr

5604 Pinnacle Heights Cir

13761 Juniper Blossom Dr

13731 Juniper Blossom Dr

Citrus Village

5602 Pinnacle Heights Cir

13760 Orange Sunset Dr

13698 Orange Sunset Dr

5608 Pinnacle Heights Cir
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5618 Pinnacle Heights Cir

13612 S Village Dr

16547 Lake Brigadoon Cir

12715 Raeburn Way

13735 Juniper Blossom Dr

5606 Pinnacle Heights Cir

13602 S Village Dr, Unit 1106

13060 Leverington St

5118 Letitia Ct

13608 S Village Dr
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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 | $1,251 | $914 | $1,982 |
| Pennington Village 1 Bedroom Apartments | $1,514 | $999 | $2,554 |
| Pennington Village 2 Bedroom Apartments | $1,856 | $1,339 | $2,832 |
| Pennington Village 3 Bedroom Apartments | $2,703 | $2,071 | $5,496 |
Browse Apartments in this Neighborhood
There are currently 53 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 1 Bed unit found at Palencia priced from $1,104. Seven Lakes at Carrollwood has the second lowest priced unit, which is a Studio apartment currently listed from $1,112. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palencia | Barcelona | 1BR,1BA | $1,104 |
| Seven Lakes at Carrollwood | S1: 0 Bed 1 Bath | Studio,1BA | $1,112 |
| Park at Lake Magdalene Apartments and Townhomes | One Bedroom | 1BR,1BA | $1,115 |
| Sabal Palm | A1 | 1BR,1BA | $1,185 |
| St. James Crossing | 1A | 1BR,1BA | $1,220 |
| Waterstone at Carrollwood | A1r | 1BR,1BA | $1,270 |
| Avion at Carrollwood | A1 | 1BR,1BA | $1,272 |
| Northgreen at Carrollwood | 1 | 1BR,1BA | $1,279 |
| The Pointe at Carrollwood | Aspen Premium | 1BR,1BA | $1,303 |
| The Landings At Cypress Meadows | $1.89/sq.ft. - One Bedroom | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Pennington Village, FL
As of July 11, 2026 the best value apartment in the Pennington Village area is the $1.78 price per square foot B1 Model at Cypress Grand in the in the Rose Harbor neighborhood starting from $2,005. The second greatest value Pennington Village apartment is the A3 Model at Arbors at Carrollwood starting at $1,566 with a $1.86 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. |
|---|---|---|---|
| Cypress Grand | B1 | 2BR,2BA | $1.78 |
| Arbors at Carrollwood | A3 | 1BR,1BA | $1.86 |
| MAA Belmere | The Regent | 1BR,1BA | $1.76 |
| Park at Lake Magdalene Apartments and Townhomes | Two Bedroom | 2BR,1BA | $1.76 |
| Lake Carlton Arms | BL3 Upstairs | 1BR,1BA | $1.79 |
| The Landings At Cypress Meadows | $1.89/sq.ft. - One Bedroom | 1BR,1BA | $1.89 |
| Sabal Palm | A1 | 1BR,1BA | $1.95 |
| Lofton Place Apartments | Ashbury Premium | 1BR,1BA | $2.20 |
| Northgreen at Carrollwood | 1 | 1BR,1BA | $2.06 |
| Palencia | Barcelona | 1BR,1BA | $1.84 |
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 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 ArticleReal 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.
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 the Cheapest Studio apartment in Pennington Village?
Currently the most affordable Cheap Studio Apartment in Pennington Village is at Seven Lakes at Carrollwood listed at $1,108.
How much is rent for a Cheap One Bedroom Pennington Village Apartment?
The lowest price for a Cheap One Bedroom Pennington Village Apartment is $1,104 at Palencia.
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 $1,339 at Palencia.
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 $1,950.
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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Tampa
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Hi, I'm Vickie, and welcome to Apartment Home Living. As a long-time resident of Tampa, I'm here to serve as your expert local guide in and around the city's neighborhoods that are near to local colleges and universities.

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Articles, How-To's, and Tips

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.