
Cheap Apartments for Rent in the Paradise Island Neighborhood of Treasure Island, FL from $1,200 (20 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
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

105 110th Ave

Colonial Arms Apartments

Palm Pointe

18 Paradise Ln

Waters Pointe
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.

Sailpointe Apartments

The Drake at St. Pete

Lakeshore Apartments

Bay Pointe Tower

Shore Towers

Envoy Point
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Stones Throw Condominium

245 104th Ave
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 | $1,432 | $1,253 | $1,600 |
| Paradise Island 1 Bedroom Apartments | $1,672 | $1,225 | $3,848 |
| Paradise Island 2 Bedroom Apartments | $2,238 | $1,425 | $4,196 |
| Paradise Island 3 Bedroom Apartments | $3,484 | $2,273 | $5,788 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Paradise Island Neighborhood of Treasure Island, FL.
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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 The Drake at St. Pete priced from $1,333. Bay Pointe Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,460. Here are the most affordable Paradise Island apartments for rent in Treasure Island, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Drake at St. Pete | Sakonnet | Studio,1BA | $1,333 |
| Bay Pointe Tower | S1 | Studio,1BA | $1,460 |
| Lakeshore Apartments | 2 Beds, 2 baths | 2BR,2BA | $1,595 |
| Waters Pointe | B1 | 2BR,1BA | $2,140 |
Best Value Apartments for Rent in Paradise Island, FL
As of May 30, 2026 the best value apartment in the Paradise Island area is the $2.25 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 $2,480. The second greatest value Paradise Island apartment is the 2 Beds, 2 baths Model at Lakeshore Apartments starting at $1,595 with a $1.68 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 | $2.25 |
| Lakeshore Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.68 |
| Waters Pointe | B3 | 2BR,2BA | $2.67 |
| 412 73rd Ave, Unit 1 | 412 73rd Ave | 2BR,1BA | $3.69 |
| 520 69th Ave, Unit 1 | 520 69th Ave | 1BR,1BA | $4.80 |
| The Drake at St. Pete | Sakonnet | Studio ,1BA | $2.96 |
| Bay Pointe Tower | E1 | Studio ,1BA | $3.69 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 the Cheapest Studio apartment in Paradise Island?
Currently the most affordable Cheap Studio Apartment in Paradise Island is at The Drake at St. Pete listed at $1,333.
How much is rent for a Cheap One Bedroom Paradise Island Apartment?
The lowest price for a Cheap One Bedroom Paradise Island Apartment is $1,429 at The Drake at St. Pete.
What is the lowest price for a Cheap Two Bedroom Paradise Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Paradise Island is starting from $1,595 at Lakeshore Apartments.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.