Cheap Homes for Rent in Pennington Village Neighborhood of Tampa, FL from $1,200 (14 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 1 Bed unit found at Park at Lake Magdalene Apartments and Townhomes priced from $1,185. Sabal Palm has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,190. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Park at Lake Magdalene Apartments and TownhomesStudio1BR,1BA$1,185
Sabal PalmA11BR,1BA$1,190
PalenciaBarcelona1BR,1BA$1,194
The Landings At Cypress Meadows$1.79/sq.ft. - One Bedroom1BR,1BA$1,325
Seven Lakes at CarrollwoodLilyStudio,1BA$1,327

Best Value Apartments for Rent in Pennington Village, FL

As of August 04, 2025 the best value apartment in the Pennington Village area is the $1.96 price per square foot 2x2 Model at Cypress Grand Apartments in the in the Rose Harbor neighborhood starting from $2,205. The second greatest value Pennington Village apartment is the B1r Model at Waterstone at Carrollwood starting at $1,709 with a $1.87 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cypress Grand Apartments2x22BR,2BA$1.96
Waterstone at CarrollwoodB1r2BR,1BA$1.87
MAA BelmereThe Regent1BR,1BA$1.77
Arbors at CarrollwoodA21BR,1BA$1.94
MAA CarrollwoodThe Aster1BR,1BA$2.07
The Landings At Cypress Meadows$1.79/sq.ft. - One Bedroom1BR,1BA$1.79
Sabal PalmA11BR,1BA$1.77
Lakes of Northdale ApartmentsCarrol1BR,1BA$2.15
Northgreen at Carrollwood11BR,1BA$2.15
PalenciaBarcelona1BR,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 32 Apartments for Rent in Pennington Village, FL with pricing that ranges from $875 to $6,190. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington Village ranging from $1,200 to $6,000.

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 $6,000 with an average monthly rent of $2,718.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.