
Cheap Homes for Rent in the Pennington Village Neighborhood of Tampa, FL from $1,200 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Pennington Village area of Tampa.


13686 Orange Sunset Dr

15509 Casey Rd Ext

15509 Casey Rd

13725 Juniper Blossom Dr

5604 Pinnacle Heights Cir

13761 Juniper Blossom Dr

13731 Juniper Blossom Dr
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.

5602 Pinnacle Heights Cir

13760 Orange Sunset Dr

13831 Orange Sunset Dr, Unit 101

13698 Orange Sunset Dr

5608 Pinnacle Heights Cir

5618 Pinnacle Heights Cir

13612 S Village Dr

16547 Lake Brigadoon Cir
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.

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

16586 Brigadoon Dr
Cash 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.
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 | $2,034 | $1,450 | $3,500 |
| Pennington Village 3 Bedroom Homes for Rent | $2,664 | $2,050 | $3,700 |
| Pennington Village 4 Bedroom Homes for Rent | $3,377 | $2,175 | $5,500 |
| Pennington Village 6 Bedroom Homes for Rent | $10,250 | $5,500 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 24 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 |
Best Value Apartments for Rent in Pennington Village, FL
As of July 12, 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
Frequently Asked Questions about Pennington Village
What type of rentals are currently available in Pennington Village?
There are currently 40 Apartments for Rent in Pennington Village, FL with pricing that ranges from $914 to $5,496. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington Village ranging from $1,200 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 $1,200 to $15,000 with an average monthly rent of $3,952.
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
Written by: Vickie Ferguson
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.

Sun, Sand, and a Short Commute: The Renter's Guide to Tampa's Best Neighborhoods
Written by: Vickie Ferguson
Hi, and welcome to ApartmentHomeLiving.com, where you'll find information about Tampa's inviting, diverse, and community-friendly neighborhoods.

Tampa Has It All: The Ultimate Insider's Guide to Things to Do in Tampa
Written by: Vickie Ferguson
Hi, and welcome to Tampa. I'm Vickie, your ApartmentHomeLiving.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.