Cheap Apartments for Rent in the South Florida Terraces Neighborhood of Tampa, FL from $500 (1 Rental)

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Search the lowest-cost Apartments available for rent right now in the South Florida Terraces area of Tampa.

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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.

South Florida Terraces, Tampa, FL Local Guide

Best Value Apartments for Rent in South Florida Terraces, FL

As of January 01, 2026 the best value apartment in the South Florida Terraces area is the $0.73 price per square foot 4BR/4.5BA - Boulder - Platinum Model at Cove Commons in the in the University Square neighborhood starting from $1,180. The second greatest value South Florida Terraces apartment is the D1 Model at Venue at North Campus starting at $815 with a $0.60 price per square foot in the University Square neighborhood. Here is today’s list of the best values for South Florida Terraces apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cove Commons4BR/4.5BA - Boulder - Platinum4BR,4.5BA$0.73
Venue at North CampusD14BR,4BA$0.60
Armature Gate TownhomesB12BR,2BA$1.33
42N3x3 A3BR,3BA$0.80
Reflections3/3U w/ Quartz Leased By The Room3BR,3BA$0.78
Forest Lake2BR/2BA - B1 Platinum2BR,2BA$0.94
The Linx Apartments2X22BR,2BA$1.40
14606 N 42nd St, Unit 12314606 N 42nd St2BR,1.5BA$1.36
Lark on 42nd2 Bedroom, 2 Bath2BR,2BA$1.12
Halo 46: Off-Campus Student HousingB22BR,2BA$1.39

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.

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

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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.

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Top 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

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Northern Tampa, FL. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Florida Terraces Apartments

What is the price of a cheap apartment in South Florida Terraces?

The cheapest apartment in South Florida Terraces is Willow Brooke Apartments which is listed at $1,105, while the average apartment in South Florida Terraces costs $1,745.

What types of apartments are the cheapest in South Florida Terraces?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 160 regular apartments in South Florida Terraces that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Florida Terraces?

Cheap apartments in South Florida Terraces have an average cost of $807 which is $938 cheaper than the average rent for all rentals in South Florida Terraces.

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

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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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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.

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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.

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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.