Most Affordable Neighborhoods in Tampa, FL
Some of the cheapest neighborhoods in Tampa are University Square, Oak Grove, and East Tampa. These neighborhoods offer some of the lowest rent prices in Tampa, making them ideal for renters on a budget. As of December 18, 2024, the average rent in Tampa is $1,628, which is 0.3% 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.
University Square
Average Rent
$1,315/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
44/100
Units Available
236 Rentals
University Square, close to the University of South Florida, is ideal for those who appreciate educational and recreational opportunities. Rental options here are typically budget-friendly, making it perfect for students and young professionals. This area also boasts numerous shopping centers and eateries, adding to its appeal.
Oak Grove
Average Rent
$1,387/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
35/100
Units Available
117 Rentals
Oak Grove, Tampa, offers a serene suburban setting just north of Downtown Tampa. Residents enjoy reasonably priced midsize homes, a variety of Latin American restaurants, and a short drive to Egypt Lake. Convenient access to both quick-bite dining and lush green spaces makes Oak Grove a desirable option for renters.
East Tampa
Average Rent
$1,444/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
34/100
Units Available
113 Rentals
When you’re looking for a great Tampa neighborhood on a budget, check out East Tampa. The average rent is $1,444, compared to the city average of $1,628. Rent prices have increased by 0.2%. East Tampa is convenient to E Hillsborough Shopping Center, Family Plaza, and Southwest Florida Coll., Tampa. The community is somewhat walkable with a WalkScore® of 53.
North Tampa
Average Rent
$1,496/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
26/100
Units Available
902 Rentals
North Tampa combines affordability with accessibility, providing easy reach to central Tampa. The neighborhood is known for its well-established communities and comfortable living. With numerous parks and local amenities, North Tampa appeals to those seeking convenience without high costs.
Tampa Palms
Average Rent
$1,547/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
26/100
Units Available
394 Rentals
Tampa Palms is a meticulously planned community with a mix of upscale and budget-friendly rentals. Its scenic landscapes include golf courses and nature preserves. This neighborhood is perfect for those seeking a peaceful environment coupled with easy access to urban conveniences.
Carrollwood
Average Rent
$1,550/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
24/100
Units Available
252 Rentals
Carrollwood, located just northwest of downtown, features a range of housing options that cater to various budgets. Known for its community parks and recreational facilities, Carrollwood provides ample opportunities for outdoor activities. The neighborhood's charming atmosphere and reasonable rents make it a great choice for renters.
New Tampa
Average Rent
$1,627/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
12/100
Units Available
523 Rentals
New Tampa, situated in the northeastern part of the city, offers modern housing within reach of natural reserves and parks. The area boasts well-maintained communities and a variety of shopping and dining options. Affordable rental prices and a suburban feel make New Tampa an attractive place to live.
Northwest Tampa
Average Rent
$1,641/Month
TransitScore® Rating
0/100
Units Available
447 Rentals
Northwest Tampa offers a mix of residential and commercial areas, making it a convenient place to live. The neighborhood features affordable housing and numerous local businesses. Its strategic location ensures residents are never far from grocery stores, parks, and other daily necessities.
Town 'N' Country
Average Rent
$1,783/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
25/100
Units Available
216 Rentals
Town ‘n’ Country, located west of downtown Tampa, provides a diverse array of housing options. Residents enjoy proximity to Tampa International Airport and several major highways. The neighborhood's affordability and variety of local amenities draw in many budget-conscious renters.
West Tampa
Average Rent
$1,830/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
31/100
Units Available
836 Rentals
West Tampa, steeped in history, provides a lively atmosphere with many cultural attractions. The area is known for its affordable rental properties and rich heritage. Residents can enjoy numerous parks and historic sites, all while being close to the heart of the city.
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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.