
Cheap Apartments for Rent in the Terrace Park Neighborhood of Tampa, FL from $600 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Terrace Park area of Tampa.

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Park at Rialto
Terrace Park, Tampa, FL Local Guide

How much does it cost to rent an apartment in Terrace Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Terrace Park Studio Apartments | $1,206 | $735 | $1,890 |
| Terrace Park 1 Bedroom Apartments | $1,356 | $795 | $2,988 |
| Terrace Park 2 Bedroom Apartments | $1,553 | $940 | $3,089 |
| Terrace Park 3 Bedroom Apartments | $1,541 | $649 | $5,498 |
| Terrace Park 4 Bedroom Apartments | $1,010 | $709 | $5,642 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Terrace Park Neighborhood of Tampa, FL.
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Terrace Park, Tampa, FL Local Guide
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Best Value Apartments for Rent in Terrace Park, FL
As of February 20, 2026 the best value apartment in the Terrace Park area is the $0.53 price per square foot Lumpkin A 4 x 4 Model at The Retreat at Tampa in the in the University Square neighborhood starting from $935. The second greatest value Terrace Park apartment is the Deerwood - 4 x 4 Model at The Standard at Tampa starting at $1,050 with a $0.71 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Retreat at Tampa | Lumpkin A 4 x 4 | 4BR,4BA | $0.53 |
| The Standard at Tampa | Deerwood - 4 x 4 | 4BR,4BA | $0.71 |
| Venue at North Campus | D1 | 4BR,4BA | $0.61 |
| Uptown Palms Apartments | C1 | 3BR,2BA | $1.28 |
| Summit West | Plan C1 | 3BR,2BA | $1.20 |
| Vue Tampa | 3BR/3BA - Gold | 3BR,3BA | $0.77 |
| Spanish Trace | 2x2 | 2BR,2BA | $1.29 |
| Palm Flats Apartments | 2/2 | 2BR,2BA | $1.39 |
| Grove At Temple Terrace | Renovated 2 Bed / 1 Bath – Just $1,275/mo at Gr... | 2BR,1BA | $1.34 |
| The Metropolitan Tampa | B2 - 2x2 | 2BR,2BA | $1.30 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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.
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.
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 $1,840.
What is the price of a cheap apartment in Terrace Park?
The cheapest apartment in Terrace Park is Bella Mar Apartment Homes which is listed at $899, while the average apartment in Terrace Park costs $23,195.
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 157 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 $499 which is $22,696 cheaper than the average rent for all rentals in Terrace Park.
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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.