Cheap Apartments for Rent in the Paradise Island Neighborhood of Treasure Island, FL from $1,200 (4 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Paradise Island area of Treasure Island.

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.

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.

Paradise Island, Treasure Island, FL Local Guide

Best Value Apartments for Rent in Paradise Island, FL

As of October 05, 2025 the best value apartment in the Paradise Island area is the $1.69 price per square foot 2 Bed Room 2 Bath Model at Lakeshore Apartments in the in the Jungle Terrace neighborhood starting from $1,525. The second greatest value Paradise Island apartment is the Walk to the beach Model at Splendid unit near the beach starting at $2,250 with a $2.50 price per square foot in the Corey Ave Bsa neighborhood. Here is today’s list of the best values for Paradise Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeshore Apartments2 Bed Room 2 Bath2BR,1BA$1.69
Splendid unit near the beachWalk to the beach2BR,1BA$2.50
Le Mans Apartments2BR 2BR2BR,2BA$2.36
Waters PointeA21BR,1BA$2.92
Sailpointe ApartmentsCanoe1BR,1BA$2.84
Park Shore Suites1 bed #21BR,1BA$3.33
6835 Blind Pass Rd, Unit 26835 Blind Pass Rd1BR,1BA$3.27
520 69th Ave, Unit 1520 69th Ave1BR,1BA$4.80
The Drake at St. PeteSakonnetStudio ,1BA$2.89
Bay Pointe TowerE1Studio ,1BA$3.10

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Pet Friendly Lifestyle
Paradise Island, Treasure Island, FL

Ranked #1

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Paradise Island Neighborhood in Treasure Island, FL

Walk Score®

32 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Paradise Island Apartments

What is a cheap apartment in Paradise Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Paradise Island is under $2,250.

What is the price of a cheap apartment in Paradise Island?

The cheapest apartment in Paradise Island is The Drake at St. Pete which is listed at $1,347, while the average apartment in Paradise Island costs $2,661.

What types of apartments are the cheapest in Paradise Island?

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 5 regular apartments in Paradise Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.