Cheap Homes for Rent in Pennington Village Neighborhood of Tampa, FL from $1,400 (16 Rentals)

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

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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 Park at Lake Magdalene Apartments and Townhomes priced from $1,220. The Pointe at Carrollwood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,227. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Park at Lake Magdalene Apartments and TownhomesStudioStudio,1BA$1,220
The Pointe at CarrollwoodAspen1BR,1BA$1,227
Seven Lakes at CarrollwoodLilyStudio,1BA$1,240
The Landings At Cypress Meadows$1.79/sq.ft. - One Bedroom1BR,1BA$1,325
Sabal PalmA11BR,1BA$1,339

Best Value Apartments for Rent in Pennington Village, FL

As of June 10, 2025 the best value apartment in the Pennington Village area is the $1.58 price per square foot The Elite Model at MAA Belmere in the in the Mid Village neighborhood starting from $1,773. The second greatest value Pennington Village apartment is the 2 Bed 2 Bath 1006 SF Model at Seasons at Westchase Apartments starting at $1,900 with a $1.89 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.
MAA BelmereThe Elite2BR,2BA$1.58
Seasons at Westchase Apartments2 Bed 2 Bath 1006 SF2BR,2BA$1.89
Arbors at CarrollwoodA61BR,1BA$1.78
PalenciaSeville2BR,2BA$1.75
Cypress Grand Apartments1x11BR,1BA$2.01
Sole at Citrus ParkJasper - Classic1BR,1BA$2.05
MAA CarrollwoodThe Aster1BR,1BA$1.97
The Landings At Cypress Meadows$1.79/sq.ft. - One Bedroom1BR,1BA$1.79
Northgreen at Carrollwood1A1BR,1BA$2.05
Sabal PalmA11BR,1BA$1.99

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Frequently Asked Questions about Pennington Village

What type of rentals are currently available in Pennington Village?

There are currently 31 Apartments for Rent in Pennington Village, FL with pricing that ranges from $875 to $5,070. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington Village ranging from $1,400 to $7,700.

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 $1,400 to $7,700 with an average monthly rent of $3,104.

How much are larger Three and Four Bedroom Rentals in Pennington Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennington Village range from $1,862 to $5,070, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,850. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,660.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.