Cheap Homes for Rent in the Paradise Island Neighborhood of Treasure Island, FL from $1,800 (5 Rentals)

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

Tampa's Best Affordable Neighborhoods

Learn about Tampa and the best places to live with original content written by our Tampa, FL Local Expert Vickie Ferguson

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Paradise Island, Treasure Island, FL Local Guide

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 $1,319. Lakeshore Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,595. Here are the most affordable Paradise Island apartments for rent in Treasure Island, FL:

Apartment ListingModel NameBed/BathPriced From
The Drake at St. PeteSakonnetStudio,1BA$1,319
Lakeshore Apartments2 br2BR,2BA$1,595
115 145th Ave E115mbfl#61BR,1BA$1,700

Best Value Apartments for Rent in Paradise Island, FL

As of August 29, 2026 the best value apartment in the Paradise Island area is the $2.17 price per square foot 115mbfl#8 Model at 115 145th Ave E in the in the Isle of Capri neighborhood starting from $2,600. The second greatest value Paradise Island apartment is the B2 Model at Waters Pointe starting at $2,330 with a $2.30 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.
115 145th Ave E115mbfl#81BR,1BA$2.17
Waters PointeB22BR,2BA$2.30
Lakeshore Apartments2 br2BR,2BA$1.68
The Drake at St. PeteSakonnetStudio ,1BA$2.93

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.

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Real 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.

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Quick Rent Budget Calculator

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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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Frequently Asked Questions about Paradise Island

What type of rentals are currently available in Paradise Island?

There are currently 42 Apartments for Rent in Paradise Island, FL with pricing that ranges from $1,265 to $7,293. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paradise Island ranging from $1,800 to $15,000.

What is the current price range for Rental Homes in Paradise Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Paradise Island ranges from $1,800 to $15,000 with an average monthly rent of $4,085.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.