
Cheap Apartments for Rent in the University Park - South Downtown Neighborhood of Tampa, FL from $400 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park - South Downtown area of Tampa.


Colony Apartments

953 12th Ave S

625 16th Ave S

1610 12th Ave S, Unit 3

Mirror Lake Apartments

520 11th Ave N

543 2nd St N

543 1/2 2nd Street N

1363 1/2 15th St S
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.

Satoshi Sol-FULLY FURNISHED AND ALL INCLUSIVE

832 1st St N

725 Jackson St N

214 12th Ave N

925 17th St S

Total Monthly Price
524 Dr MLK Jr St S

The Vinoy Courtyard Apartments

305 Dr. M.L.K. Jr St S, Unit 543

305 Dr. M.L.K. Jr St S, Unit 646

Satoshi Hideout- Simple living in Downtown St Pete
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.

1408 7th Ave N

305 Dr. M.L.K. Jr St S, Unit 813

305 Dr. M.L.K. Jr St S, Unit 106

305 Dr. M.L.K. Jr St S, Unit 108

305 Dr. M.L.K. Jr St S, Unit 102

305 Dr. M.L.K. Jr St S, Unit 105

Total Monthly Price
130 17th St N

305 Dr. M.L.K. Jr St S, Unit 244

623 Mound Park Way S

305 Dr. M.L.K. Jr St S, Unit 239
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.

Total Monthly Price
539 6th St N, Unit 539 6th St N #2, Unit 539 6th St N #2

305 Dr. M.L.K. Jr St S, Unit 321

1115 Highland St N

305 Dr. M.L.K. Jr St S, Unit 418

305 Dr. M.L.K. Jr St S, Unit 320

145 10th Ave N, Unit 7, Unit 7

Vantage St. Pete

305 Dr. M.L.K. Jr St S, Unit 843

305 Dr. M.L.K. Jr St S, Unit 834

305 Dr. M.L.K. Jr St S, Unit 243
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

305 Dr. M.L.K. Jr St S, Unit 241

305 Dr. M.L.K. Jr St S, Unit 342

305 Dr. M.L.K. Jr St S, Unit 346

305 Dr. M.L.K. Jr St S, Unit 641

305 Dr. M.L.K. Jr St S, Unit 636

Total Monthly Price
Sole on Central

Tropical Breeze Apartments

305 Dr. M.L.K. Jr St S, Unit 333

305 Dr. M.L.K. Jr St S, Unit 739

305 Dr. M.L.K. Jr St S, Unit 632
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
University Park - South Downtown, Tampa, FL Local Guide

How much does it cost to rent an apartment in University Park - South Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park - South Downtown Studio Apartments | $1,977 | $1,143 | $4,322 |
| University Park - South Downtown 1 Bedroom Apartments | $2,398 | $1,150 | $5,916 |
| University Park - South Downtown 2 Bedroom Apartments | $3,981 | $1,250 | $10,000+ |
| University Park - South Downtown 3 Bedroom Apartments | $5,688 | $3,675 | $10,000+ |
| University Park - South Downtown 4 Bedroom Apartments | $10,793 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 83 rentals with your search options within a 1 mile radius of the University Park - South Downtown Neighborhood of Tampa, FL.
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Cheapest Available University Park - South Downtown Apartments for Rent
 The cheapest available apartment rental in the University Park - South Downtown area of Tampa, FL is a Studio unit found at The Wayland priced from $1,143. Colony Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable University Park - South Downtown apartments for rent in Tampa, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Wayland | Studio, One Bath North Deluxe | Studio,1BA | $1,143 |
| Colony Apartments | Studio, 1 bath | Studio,1BA | $1,150 |
| Mirror Lake Apartments | Studio | 1BR,1BA | $1,200 |
| 832 1st St N | 1 Bed Room | 1BR,1BA | $1,300 |
| Palm Court Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,395 |
| Satoshi Hideout- Simple living in Downtown St Pete | Studio | Studio,1BA | $1,595 |
| Vantage St. Pete | Cypress| Studio | Signature | Studio,1BA | $1,716 |
| 930 Central Flats | S2 | Studio,1BA | $1,972 |
Best Value Apartments for Rent in University Park - South Downtown, FL
As of April 26, 2026 the best value apartment in the University Park - South Downtown area is the $2.12 price per square foot 537 6th St N Model at 537 6th St N, Unit 537 6th St N in the in the Greater South Central neighborhood starting from $2,200. The second greatest value University Park - South Downtown apartment is the 1 Bed/1 Bath-A2 Model at Beacon 430 starting at $2,330 with a $3.20 price per square foot in the Highland Oaks neighborhood. Here is today’s list of the best values for University Park - South Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 537 6th St N, Unit 537 6th St N | 537 6th St N | 1BR,1BA | $2.12 |
| Beacon 430 | 1 Bed/1 Bath-A2 | 1BR,1BA | $3.20 |
| Avanti | A2 | 1BR,1BA | $3.53 |
| Cottonwood Bayview | The Animation | 1BR,1BA | $3.09 |
| 930 Central Flats | S2 | Studio ,1BA | $3.36 |
| Palm Court Apartments | 0 Beds, 1 Baths | Studio ,1BA | $2.66 |
| Mirror Lake Apartments | Studio | 1BR,1BA | $2.29 |
| 539 6th St N, Unit 539 6th St N #2 | 539 6th St N | 1BR,1BA | $3.39 |
| 832 1st St N | 1 Bed Room | 1BR,1BA | $2.80 |
| The Wayland | Studio West Tower Premium | Studio ,1BA | $3.05 |
Frequently Asked Questions about Cheap University Park - South Downtown Apartments
What is a cheap apartment in University Park - South Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Park - South Downtown is under $1,972.
What is the price of a cheap apartment in University Park - South Downtown?
The cheapest apartment in University Park - South Downtown is Mirror Lake Apartments which is listed at $1,200, while the average apartment in University Park - South Downtown costs $10,793.
What types of apartments are the cheapest in University Park - South Downtown?
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 34 regular apartments in University Park - South Downtown 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 University Park - South Downtown?
Cheap apartments in University Park - South Downtown have an average cost of $241 which is $10,552 cheaper than the average rent for all rentals in University Park - South Downtown.
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.