Cheap Apartments for Rent in the Terrace Park Neighborhood of Tampa, FL from $600 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Terrace Park area of Tampa.

property at 8923 N 40th St

8923 N 40th St

TampaFL33604

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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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.

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12703 N 15th St
2 Bedroom Apartments

12703 N 15th St

12703 N 15th StTampa, FL 33612
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Regency Palms
Studio to 2 Bedroom Apartments

Regency Palms

4113 E Linebaugh AveTampa, FL 33617
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Stonehenge Village
1 Bedroom Apartments

Stonehenge Village

13136 N 20th StTampa, FL 33612
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Andover Club
Studio to 2 Bedroom Apartments

Andover Club

9305 Takomah TrlTampa, FL 33617
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Park at Rialto
1 to 3 Bedroom Apartments

Park at Rialto

11305 N 51st StTampa, FL 33617
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USF Gardens
1 to 2 Bedroom Apartments

USF Gardens

2016 E 131st AveTampa, FL 33612
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Sandanay Apartments
1 to 2 Bedroom Apartments

Sandanay Apartments

13132 N 19th StTampa, FL 33612
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Pine Crest
Studio to 2 Bedroom Apartments

Pine Crest

11302 N 15th StTampa, FL 33612

The 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.

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Uptown 22 Villas
Studio to 2 Bedroom Apartments

Uptown 22 Villas

13102 N 20th StTampa, FL 33612
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La Vista Oaks Apartments
1 to 4 Bedroom Apartments

La Vista Oaks Apartments

12771 Saint James Place DrTampa, FL 33612
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Tampa Palms
3 Bedroom Apartments

Tampa Palms

1903 E 131st AveTampa, FL 33612
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Puritan Place
Studio to 3 Bedroom Apartments

Puritan Place

7903 Holly Lea CtTampa, FL 33617
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Greenbriar Apartments
1 to 2 Bedroom Apartments

Greenbriar Apartments

13214 Bunn CirTampa, FL 33612
  • Utilities Included

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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Terrace Park, Tampa, FL Local Guide

Cheapest Available Terrace Park Apartments for Rent

 

The cheapest available apartment rental in the Terrace Park area of Tampa, FL is a 1 Bed unit found at Garden Terrace priced from $869. Shadow Pines has the second lowest priced unit, which is a 2 Beds apartment currently listed from $940. Here are the most affordable Terrace Park apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
Garden TerraceOne Bedroom One Bath Apartment1BR,1BA$869
Shadow Pines2BR/2.0BA2BR,2BA$940
Bella Mar Apartment HomesOne Bedroom One Bath - A11BR,1BA$1,039
Cinnamon Cove Apartments1x1 Standard1BR,1BA$1,099
Riverside PalmsStudioStudio,1BA$1,125
The Park at ValenzaA11BR,1BA$1,125
Timberfalls Apartment Homes1 Bedroom/1 Bath1BR,1BA$1,140
Mirela North1 Bedroom 1 Bath1BR,1BA$1,149
Azure EastAzure East1BR,1BA$1,165

Best Value Apartments for Rent in Terrace Park, FL

As of October 15, 2025 the best value apartment in the Terrace Park area is the $0.74 price per square foot Deerwood - 4 x 4 Model at The Standard at Tampa in the in the University Square neighborhood starting from $1,090. The second greatest value Terrace Park 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 Terrace Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Standard at TampaDeerwood - 4 x 44BR,4BA$0.74
Venue at North CampusD14BR,4BA$0.60
Palm Flats Apartments2/2.52BR,2BA$1.30
Shadow Pines3BR/2.0BA3BR,2BA$1.42
Vue Tampa3BR/3BA3BR,3BA$0.56
Palm Avenue ApartmentsNewbury2BR,2BA$1.27
Spanish Trace2x22BR,2BA$1.29
Grove At Temple Terrace2-1 Renovated2BR,1BA$1.39
Union on FletcherB12BR,2BA$1.42
Summit WestPlan A11BR,1BA$1.45

Quick 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.

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Florida and customized analysis for Tampa, Florida. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Terrace Park Neighborhood in Tampa, FL

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Terrace Park Apartments

What is a cheap apartment in Terrace Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Terrace Park is under $1,165.

What is the price of a cheap apartment in Terrace Park?

The cheapest apartment in Terrace Park is Garden Terrace which is listed at $869, while the average apartment in Terrace Park costs $1,775.

What types of apartments are the cheapest in Terrace Park?

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 173 regular apartments in Terrace Park 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 Terrace Park?

Cheap apartments in Terrace Park have an average cost of $487 which is $1,288 cheaper than the average rent for all rentals in Terrace Park.

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.

decorative image for A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa article

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 Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.