Cheap Apartments for Rent in the University Park - South Downtown Neighborhood of Tampa, FL from $400 (41 Rentals)

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

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.

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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The Portland Apartments
1 to 3 Bedroom Apartments

The Portland Apartments

300 8th St NSt. Petersburg, FL 33705
  • Utilities Included
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114 7th St N
Studio to 1 Bedroom Apartments

114 7th St N

114 7th St NSt. Petersburg, FL 33701
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The Courtyard Vinoy
1 to 2 Bedroom Apartments

The Courtyard Vinoy

256-266 7th Ave NESt. Petersburg, FL 33701
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Prince Gregor Apartments
Studio to 2 Bedroom Apartments

Prince Gregor Apartments

844 5th Ave SSt. Petersburg, FL 33701
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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Delmar 745
1 to 2 Bedroom Apartments

Delmar 745

745 Delmar Ter SSt. Petersburg, FL 33701
  • Utilities Included
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Pennsylvania
1 Bedroom Apartments

Pennsylvania

418 5th St SSt. Petersburg, FL 33701
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City Place Senior
1 to 2 Bedroom Apartments

City Place Senior

298 8th St NSt. Petersburg, FL 33701
  • Utilities Included
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Sunkist Apartments
Studio to 3 Bedroom Apartments

Sunkist Apartments

315 7th Ave NSt. Petersburg, FL 33701
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Sans Souci Apartments
Studio to 1 Bedroom Apartments

Sans Souci Apartments

512 Dartmoor St NSt. Petersburg, FL 33701
  • Utilities Included
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Coliseum Apartments
Studio to 1 Bedroom Apartments

Coliseum Apartments

610 5th Ave NSt. Petersburg, FL 33701
  • Utilities Included

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.

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Nelson Apartment
Studio to 1 Bedroom Apartments

Nelson Apartment

430 5th St NSt. Petersburg, FL 33701
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Northbay Villas
Studio to 2 Bedroom Apartments

Northbay Villas

1023 Locust St NESt. Petersburg, FL 33701
  • Utilities Included
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Ruby Apartments
1 Bedroom Apartments

Ruby Apartments

1101 16th St NSt. Petersburg, FL 33705
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441 3rd St
Studio to 2 Bedroom Apartments

441 3rd St

441 3rd St SSt. Petersburg, FL 33701
Student Housing
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801 Grove St N
1 Bedroom Apartments

801 Grove St N

801 Grove St NSt. Petersburg, FL 33701
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Bayside Arms Apartments
1 to 2 Bedroom Apartments

Bayside Arms Apartments

232 4th St NSt. Petersburg, FL 33701
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The Lawtone
Studio to 1 Bedroom Apartments

The Lawtone

324 Grove St NSt. Petersburg, FL 33701

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 $1,261. Arte St. Pete has the second lowest priced unit, which is a Studio apartment currently listed from $1,785. Here are the most affordable University Park - South Downtown apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
The WaylandStudio West Tower DeluxeStudio,1BA$1,261
Arte St. PeteS1 x 0x1Studio,1BA$1,785
Ascent St. PetersburgST1Studio,1BA$1,871
Sole on CentralS2Studio,1BA$1,933
Beacon 430StudioStudio,1BA$1,985
930 Central FlatsS2Studio,1BA$2,241
Cottonwood BayviewThe Animation1BR,1BA$2,293
Park & MainA11BR,1BA$2,298

Best Value Apartments for Rent in University Park - South Downtown, FL

As of January 22, 2026 the best value apartment in the University Park - South Downtown area is the $2.55 price per square foot B4 Model at Avanti in the in the Highland Oaks neighborhood starting from $3,228. The second greatest value University Park - South Downtown apartment is the 644 6th Ave N Model at 644 6th Ave N, Unit 644 6th Ave N starting at $2,975 with a $2.86 price per square foot in the Greater South Central neighborhood. Here is today’s list of the best values for University Park - South Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
AvantiB42BR,2BA$2.55
644 6th Ave N, Unit 644 6th Ave N644 6th Ave N2BR,2BA$2.86
1701 Central ApartmentsCanvas1BR,1BA$3.36
Windsor Central ArtsA11BR,1BA$3.43
Cottonwood BayviewThe Gallery1BR,1BA$3.43
Arte St. PeteA1 x 1x11BR,1BA$3.46
1139 Bay St NE, Unit Upstairs Unit1139 Bay St NE1BR,1BA$2.75
Sole on CentralS2Studio ,1BA$3.27
Beacon 430StudioStudio ,1BA$3.41
The Wayland1 Bedroom West Tower Premium1BR,1BA$3.39

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 $2,298.

What is the price of a cheap apartment in University Park - South Downtown?

The cheapest apartment in University Park - South Downtown is The Wayland which is listed at $1,526, while the average apartment in University Park - South Downtown costs $10,571.

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 19 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 $185 which is $10,386 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

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

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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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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.

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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.

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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.