Most Affordable Neighborhoods in Saint Petersburg, FL

Some of the cheapest neighborhoods in Saint Petersburg are Pinellas Point, Uptown St Petersburg, and Allendale. These neighborhoods offer some of the lowest rent prices in Saint Petersburg, making them ideal for renters on a budget. As of April 27, 2025, the average rent in Saint Petersburg is $1,767, which is 0.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Pinellas Point

Average Rent

$1,369/Month

Year-Over-Year Rent Change

0.6%

TransitScore® Rating

35/100

Units Available

68 Rentals

Located at the southern tip of St Petersburg, Pinellas Point offers rental options with beautiful views of Tampa Bay. This area is perfect for renters seeking a peaceful retreat close to the water. Residents will appreciate the quiet, residential atmosphere and proximity to local parks and nature trails like Bay Vista Park and Skyway Trail.

Uptown St Petersburg

Average Rent

$1,518/Month

Year-Over-Year Rent Change

10%

TransitScore® Rating

37/100

Units Available

21 Rentals

Uptown St Petersburg is a lively, walkable neighborhood known for its eclectic mix of shops, cafes, and historic homes. Residents here enjoy being close to the waterfront and the lively attractions of downtown. Notable landmarks like the Cathedral Church of St. Peter and the scenic Round Lake Park add to its charm, while events like the SHINE Mural Festival highlight its artistic flair.

Allendale

Average Rent

$1,591/Month

Year-Over-Year Rent Change

2.9%

TransitScore® Rating

36/100

Units Available

17 Rentals

Allendale is an affordable neighborhood in Saint Petersburg with an average rent price of $1,591. Compare this to the city average of $1,767. In the past year, rent prices have increased by 2.9%. Allendale provides easy access to Dick Greco Plaza Station (#10), St Petersburg, Allstate Center, and St Petersburg Coll., Downtown. It’s a walkable neighborhood with a WalkScore® of 71.

Lakewood

Average Rent

$1,766/Month

Year-Over-Year Rent Change

23.3%

TransitScore® Rating

34/100

Units Available

76 Rentals

Lakewood is a well-established neighborhood that offers a charming blend of mid-century homes alongside newer developments. Residents appreciate its proximity to Lakewood Country Club, which enhances the community's appeal. With a suburban atmosphere, Lakewood provides easy access to local shopping and dining, making it a convenient and desirable place to live.

Midtown St Petersburg

Average Rent

$1,825/Month

Year-Over-Year Rent Change

2.7%

TransitScore® Rating

40/100

Units Available

25 Rentals

Midtown St Petersburg is a lively area that blends historic charm with modern conveniences. It's perfect for those who enjoy being close to downtown, with easy access to a variety of local shops, restaurants, and parks. This neighborhood's walkable streets and a strong sense of community make it an appealing choice for anyone seeking a vibrant city lifestyle.

Brighton Bay

Average Rent

$1,883/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

30/100

Units Available

348 Rentals

Brighton Bay is a peaceful waterfront neighborhood that offers easy access to Tampa Bay, perfect for enjoying outdoor activities such as kayaking and boating. Residents appreciate the quiet atmosphere and the convenience of nearby shopping and dining along Gandy Boulevard. The area features a blend of upscale homes and apartments.

Gandy

Average Rent

$1,917/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

26/100

Units Available

64 Rentals

Gandy is a waterfront neighborhood known for its proximity to Gandy Beach and access to outdoor activities like fishing and boating. Renters will appreciate the easy access to both St Petersburg and Tampa via the Gandy Bridge, offering a relaxed coastal atmosphere while ensuring access to city amenities.

Bayou Shores

Average Rent

$1,974/Month

Year-Over-Year Rent Change

0.2%

TransitScore® Rating

34/100

Units Available

20 Rentals

If you’re looking for a great, affordable neighborhood in Saint Petersburg, Bayou Shores might be the perfect place! It has an average rent price of $1,974, while the city’s average stands at $1,767. In the last year, prices have decreased by 0.2%. Bayou Shores is near Skyconnect Passenger Terminal Station, Sawgrass Lake Park, and Great Explorations Children's Museum.

Northside

Average Rent

$2,033/Month

Units Available

37 Rentals

Northside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northside is $2,033 while the city average is $1,767.

Long Bayou

Average Rent

$2,036/Month

Year-Over-Year Rent Change

1.7%

TransitScore® Rating

23/100

Units Available

32 Rentals

When you’re looking for a great Saint Petersburg neighborhood on a budget, check out Long Bayou. The average rent is $2,036, compared to the city average of $1,767. Rent prices have increased by 1.7%. Long Bayou is convenient to Skyconnect Economy Parking Station, Bay Pines Plaza, and St Pete-Clearwater International. The community is somewhat walkable with a WalkScore® of 56.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.