
Cheap Homes for Rent in Pennington Village Neighborhood of Tampa, FL from $1,300 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Pennington Village area of Tampa.


5620 Pinnacle Heights Cir, Unit 105, Unit 105

14905 Arbor Springs Cir

13828 Orange Sunset Dr

13760 Orange Sunset Dr

5608 Pinnacle Heights Cir
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

13698 Orange Sunset Dr

5606 Pinnacle Heights Cir

4201 Woodstorks Walk Way

12715 Raeburn Way

12608 Castle Hill Dr

4515 Southampton Ct, Unit Carrollwood Village Chase, Unit Carrollwood Village Chase
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

13735 Juniper Blossom 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 | $2,217 | $1,575 | $4,500 |
| Pennington Village 3 Bedroom Homes for Rent | $2,609 | $2,099 | $3,500 |
| Pennington Village 4 Bedroom Homes for Rent | $3,180 | $2,295 | $4,795 |
| Pennington Village 6 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Countrywood | Studio | Studio,1BA | $1,029 |
| Park at Lake Magdalene Apartments and Townhomes | Studio | Studio,1BA | $1,115 |
| Sabal Palm | A1 | 1BR,1BA | $1,180 |
| Palencia | Barcelona | 1BR,1BA | $1,194 |
| Seven Lakes at Carrollwood | Lily | Studio,1BA | $1,211 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors at Carrollwood | B1 | 2BR,2BA | $1.95 |
| Cypress Grand | B1 | 2BR,2BA | $1.71 |
| MAA Carrollwood | The Eucalyptus | 2BR,2BA | $1.83 |
| MAA Belmere | The Regent | 1BR,1BA | $1.81 |
| Lake Carlton Arms | BL4 Upstairs | 1BR,1BA | $1.93 |
| The Landings At Cypress Meadows | $1.89/sq.ft. - One Bedroom | 1BR,1BA | $1.89 |
| Sabal Palm | A1 | 1BR,1BA | $1.75 |
| Lakes of Northdale Apartments | Carrol | 1BR,1BA | $2.15 |
| Northgreen at Carrollwood | 1 | 1BR,1BA | $2.08 |
| Palencia | Barcelona | 1BR,1BA | $1.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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
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 $953 to $6,874. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington Village ranging from $1,350 to $15,000.
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 $1,350 to $15,000 with an average monthly rent of $4,879.
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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.