
Cheap Apartments for Rent in the Paradise Island Neighborhood of Treasure Island, FL from $1,200 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Paradise Island area of Treasure Island.


11095 1st St E

The Shell Haven

Bay Vista Apartments

121 104th Ave

10218 Gulf Blvd

105 110th Ave
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.

125 110th Ave

Palm Pointe

18 Paradise Ln

Waters Pointe

Sailpointe Apartments

The Drake at St. Pete

Lakeshore Apartments
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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.

Bay Pointe Tower

Park Shore Suites

Shore Towers

Envoy Point

Stones Throw Condominium

245 104th Ave

Villa Vacilia
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.
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 | $1,444 | $1,223 | $1,535 |
| Paradise Island 1 Bedroom Apartments | $1,671 | $1,225 | $3,393 |
| Paradise Island 2 Bedroom Apartments | $2,255 | $1,425 | $4,324 |
| Paradise Island 3 Bedroom Apartments | $3,448 | $2,190 | $7,020 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Paradise Island Neighborhood of Treasure Island, FL.
See all Apartments in Treasure IslandExplore Treasure Island
Paradise Island, Treasure Island, FL Local Guide
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Cheapest Available Paradise Island Apartments for Rent
 The cheapest available apartment rental in the Paradise Island area of Treasure Island, FL is a Studio unit found at Bay Pointe Tower priced from $1,235. The Drake at St. Pete has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,449. Here are the most affordable Paradise Island apartments for rent in Treasure Island, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bay Pointe Tower | E1 | Studio,1BA | $1,235 |
| The Drake at St. Pete | Kenwood | 1BR,1BA | $1,449 |
| Waters Pointe | A2 | 1BR,1BA | $1,945 |
| Park Shore Suites | 1 bed #9 | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Paradise Island, FL
As of April 14, 2026 the best value apartment in the Paradise Island area is the $2.27 price per square foot 7225 Boca Ciega Dr Model at 7225 Boca Ciega Dr, Unit 8 in the in the Corey Ave Bsa neighborhood starting from $2,500. The second greatest value Paradise Island apartment is the Imperial Model at The Drake at St. Pete starting at $2,234 with a $2.23 price per square foot in the Jungle Terrace 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. |
|---|---|---|---|
| 7225 Boca Ciega Dr, Unit 8 | 7225 Boca Ciega Dr | 2BR,2BA | $2.27 |
| The Drake at St. Pete | Imperial | 3BR,2BA | $2.23 |
| Waters Pointe | B3 | 2BR,2BA | $2.67 |
| 412 73rd Ave, Unit 1 | 412 73rd Ave | 2BR,1BA | $3.85 |
| Park Shore Suites | 1 bed #9 | 1BR,1BA | $3.33 |
| 6835 Blind Pass Rd, Unit 2 | 6835 Blind Pass Rd | 1BR,1BA | $3.09 |
| 520 69th Ave, Unit 1 | 520 69th Ave | 1BR,1BA | $4.80 |
| Bay Pointe Tower | S1 | Studio ,1BA | $3.23 |
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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.
Pet Friendly LifestyleParadise Island, Treasure Island, FL
Ranked #1
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $2,000.
What is the price of a cheap apartment in Paradise Island?
The cheapest apartment in Paradise Island is Bay Pointe Tower which is listed at $1,373, while the average apartment in Paradise Island costs $2,292.
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

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.

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.