
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.


Palencia

Park at Lake Magdalene Apartments and Townhomes

Avion at Carrollwood

Seven Lakes at Carrollwood

The Landings At Cypress Meadows
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MAA Belmere

12721 Lynn Rd

13824 Orange Sunset Dr

Cedar Forest Apartments

Easy Street Apartments

The Gardens at Rose Harbor
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Sabal Palm

St. James Crossing

Northgreen at Carrollwood

The Villas At Newport Landing

5616 Pinnacle Heights Cir

Lake Carlton Arms
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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 | $1,189 | $899 | $1,480 |
| Pennington Village 1 Bedroom Apartments | $1,547 | $999 | $2,741 |
| Pennington Village 2 Bedroom Apartments | $1,836 | $1,349 | $2,804 |
| Pennington Village 3 Bedroom Apartments | $2,652 | $1,997 | $6,436 |
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.
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sabal Palm | A1 | 1BR,1BA | $1,187 |
| Palencia | Barcelona | 1BR,1BA | $1,189 |
| Avion at Carrollwood | A1 | 1BR,1BA | $1,260 |
| Park at Lake Magdalene Apartments and Townhomes | One Bedroom | 1BR,1BA | $1,285 |
| St. James Crossing | 1B Renovation 3 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Pointe at Carrollwood | Cypress Elite | 2BR,2BA | $1.70 |
| Cypress Grand | A1 | 1BR,1BA | $1.68 |
| Countrywood | 2 Bed 2 Bath | 2BR,2BA | $1.67 |
| MAA Belmere | The Regent | 1BR,1BA | $1.72 |
| Park at Lake Magdalene Apartments and Townhomes | Two Bedroom | 2BR,1BA | $1.73 |
| Arbors at Carrollwood | A1 | 1BR,1BA | $1.86 |
| MAA Carrollwood | The Aster | 1BR,1BA | $1.94 |
| Palencia | Madrid | 1BR,1BA | $2.01 |
| The Landings At Cypress Meadows | $1.82/sq.ft. - One Bedroom | 1BR,1BA | $1.82 |
| Sabal Palm | A1 | 1BR,1BA | $1.78 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 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

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.

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.

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.

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.