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$1,120 - $2,351Studio to 3 Bedroom Apartments Available Now
The Drake at St. Pete
1699 68th St NSt. Petersburg, FL 33710
Cheap Apartments for Rent in the Paradise Island Neighborhood of Treasure Island, FL from $1,100 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Paradise Island area of Treasure Island.
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$1,303 - $1,648Studio to 1 Bedroom Apartments Available Now
Bay Pointe Tower
880 Oleander Way SSouth Pasadena, FL 33707
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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$1,425 - $1,4452 Bedroom Apartments Available Now
Lakeshore Apartments
7045 30th Ave NSt. Petersburg, FL 33710
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$1,4502 Bedroom Apartment Available Now
7301 3rd Ave N
7301 3rd Ave NSt. Petersburg, FL 33710
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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Paradise Island, Treasure Island, FL Local Guide
How much does it cost to rent an apartment in Paradise Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paradise Island Studio Apartments | $1,421 | $1,120 | $2,200 |
| Paradise Island 1 Bedroom Apartments | $1,599 | $1,245 | $3,004 |
| Paradise Island 2 Bedroom Apartments | $2,161 | $1,425 | $2,805 |
| Paradise Island 3 Bedroom Apartments | $2,302 | $2,253 | $2,351 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Paradise Island Neighborhood of Treasure Island, FL.
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Best Value Apartments for Rent in Paradise Island, FL
As of January 14, 2026 the best value apartment in the Paradise Island area is the $1.58 price per square foot 2 BedRoom 1 Bath Model at Lakeshore Apartments in the in the Jungle Terrace neighborhood starting from $1,425. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakeshore Apartments | 2 BedRoom 1 Bath | 2BR,1BA | $1.58 |
| Splendid unit near the beach | Walk to the beach | 2BR,1BA | $2.50 |
| Waters Pointe | B3 | 2BR,2BA | $3.08 |
| Sailpointe Apartments | Kayak | 1BR,1BA | $2.36 |
| 7301 3rd Ave N | 7301 3rd Ave N | 2BR,1BA | $2.35 |
| 513 55th Ave, Unit Master Suite | 513 55th Ave | Studio ,1BA | $3.67 |
| Park Shore Suites | 1 bed #9 | 1BR,1BA | $3.33 |
| 13406 Boca Ciega Ave, Unit #1 | 13406 Boca Ciega Ave | 1BR,1BA | $3.20 |
| The Drake at St. Pete | Sakonnet | Studio ,1BA | $2.66 |
| Bay Pointe Tower | E1 | Studio ,1BA | $3.51 |
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 $1,301, while the average apartment in Paradise Island costs $2,302.
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 14 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
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 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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!