
Cheap Homes for Rent in Pennington Village Neighborhood of Tampa, FL from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Pennington Village area of Tampa.


5616 Pinnacle Heights Cir

12721 Lynn Rd

13727 Juniper Blossom Dr

13830 Orange Sunset Dr

13692 Orange Sunset Dr
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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.

5621 Pinnacle Heights Cir

11411 Midfield Way

12715 Raeburn Way

13828 Orange Sunset Dr

4021 Woodstorks Walk Way

2537 Cedar Cypress Ct.
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.

13708 Orange Sunset Dr
Pennington Village, Tampa, FL Local Guide

How much does it cost to rent a home in Pennington Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennington Village 2 Bedroom Homes for Rent | $2,107 | $1,550 | $4,500 |
| Pennington Village 3 Bedroom Homes for Rent | $2,595 | $1,395 | $5,295 |
| Pennington Village 4 Bedroom Homes for Rent | $2,899 | $2,385 | $3,900 |
| Pennington Village 5 Bedroom Homes for Rent | $3,521 | $2,695 | $4,399 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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. Palencia has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,089. 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 |
| Palencia | Barcelona | 1BR,1BA | $1,089 |
| Park at Lake Magdalene Apartments and Townhomes | Studio | Studio,1BA | $1,155 |
| Sabal Palm | A1 | 1BR,1BA | $1,240 |
| Seven Lakes at Carrollwood | Lily | Studio,1BA | $1,266 |
Best Value Apartments for Rent in Pennington Village, FL
As of January 05, 2026 the best value apartment in the Pennington Village area is the $1.69 price per square foot B1 Model at Cypress Grand in the in the Rose Harbor neighborhood starting from $1,905. The second greatest value Pennington Village apartment is the Daisy Elite Model at The Pointe at Carrollwood starting at $1,920 with a $1.81 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 | $1.69 |
| The Pointe at Carrollwood | Daisy Elite | 2BR,2BA | $1.81 |
| MAA Belmere | The Regent | 1BR,1BA | $1.77 |
| Arbors at Carrollwood | A1 | 1BR,1BA | $1.92 |
| MAA Carrollwood | The Aster | 1BR,1BA | $1.96 |
| The Landings At Cypress Meadows | $1.82/sq.ft. - One Bedroom | 1BR,1BA | $1.82 |
| Citrus Village | A3 | 1BR,1BA | $1.88 |
| Sabal Palm | A1 | 1BR,1BA | $1.84 |
| Northgreen at Carrollwood | 1 | 1BR,1BA | $2.10 |
| Palencia | Barcelona | 1BR,1BA | $1.82 |
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
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Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Pennington Village, Tampa, FL
School data provided by Great Schools
Frequently Asked Questions about Pennington Village
What type of rentals are currently available in Pennington Village?
There are currently 36 Apartments for Rent in Pennington Village, FL with pricing that ranges from $906 to $6,433. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington Village ranging from $1,200 to $5,295.
What is the current price range for Rental Homes in Pennington Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington Village ranges from $1,200 to $5,295 with an average monthly rent of $2,293.
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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.