Cheap Apartments for Rent in St. Petersburg, FL from $400 (130 Rentals)

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Search the lowest-cost Apartments available for rent right now in St. Petersburg.

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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property at 844 5th Ave S

844 5th Ave S

St. PetersburgFL33701
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Nelson Apartment
Studio to 1 Bedroom Apartments

Nelson Apartment

430 5th St NSt. Petersburg, FL 33701
property at 3700 Haines Rd N

3700 Haines Rd N

St. PetersburgFL33704
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Landings at Cross Bayou
1 to 3 Bedroom Apartments

Landings at Cross Bayou

6835 54th Ave NSt. Petersburg, FL 33709
  • Utilities Included
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St. Petersburg, FL Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in St. Petersburg, FL

Pricing Updated: 03/27/2025

Current apartment rentals in the St. Petersburg, FL area range in price from $995 to $16,200 with an overall median price of $3,843. The three St. Petersburg neighborhoods with the lowest median rent pricing are Bear Creek at $1,350, Azalea at $1,175, and Mangrove Bay at $1,185. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for St. Petersburg Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bear Creek$1,850$1,35055
Azalea$2,050$1,17531
Mangrove Bay$2,180$1,1851590
Lakewood$2,470$1,1154219
Azalea Homes$2,724$1,175733
Tyrone Park$2,724$1,175886
Long Bayou$2,754$1,0752133
Allendale$2,789$9951509
Mobel Americana$2,934$1,2122419
Gandy$2,956$1,2121687

Cheapest Available St. Petersburg Apartments for Rent

 

The cheapest available apartment rental in St. Petersburg, FL is a Studio unit found at Reserve at Lake Pointe Apartments and Townhomes in the Bayview neighborhood priced from $1,115. Osprey Pointe in the Bayview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. Here is today’s list of the most affordable St. Petersburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Reserve at Lake Pointe Apartments and TownhomesStudioStudio,1BA$1,115
Osprey Pointe1 Bed 1 Bath1BR,1BA$1,145
LakesideStudioStudio,1BA$1,200
The MeadowsEfficiencyStudio,1BA$1,210
Vantage Point CondominiumsCrest1BR,1BA$1,212
The Waverly1 Beds, 1 Baths1BR,1BA$1,249
Mandalay on 4th at Baypointe Preserve1 Bedroom 1 Bath1BR,1BA$1,250
Park House ApartmentsOne Bedroom One Bath1BR,1BA$1,250

Best Value Apartments for Rent in St. Petersburg, FL

As of March 27, 2025 the best value apartment in the St. Petersburg area is the $1.58 price per square foot 4618 Castile Way S Model at 4618 Castile Way S in the in the Bayview neighborhood starting from $2,955. The second greatest value St. Petersburg apartment is the 7210 51st Ave N Model at 7210 51st Ave N starting at $2,599 with a $1.59 price per square foot in the Jungle Terrace neighborhood. Here is today’s list of the best values for St. Petersburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4618 Castile Way S4618 Castile Way S3BR,2BA$1.58
7210 51st Ave N7210 51st Ave N3BR,2BA$1.59
Calais Park Apartments2X2 - Renovated2BR,2BA$1.62
Enclave at Sabal Pointe Apartments2 bedroom 2 bath Apartment with 1200 Square Fee...2BR,2BA$1.30
Bardmoor Villas2BR/1.0BA2BR,1BA$1.58
Nordica VillageAllendale1BR,1BA$1.53
Oak Manor ApartmentsTwo Bedroom2BR,1BA$1.60
Belcher Park Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.55
Marisol Vista Apartment HomesA11BR,1BA$1.53
The Waverly1 Beds, 1 Baths1BR,1BA$1.56

Quick Rent Budget Calculator

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St. Petersburg Overview

The second largest city in the Tampa Bay area, St. Petersburg is a wonderful locale snug within the heartland of Florida. From a budding industrial job market to the oh-so-scenic beaches, apartments in St. Petersburg offer plenty of excitement and amenities that are sure to please.

Why live in St. Petersburg, FL?

A hot spot with both tourists and residents alike, St. Petersburg is a fantastic place to raise a family and a solid option for young working professionals as well. With easy access to the larger job market and nightlife excitement of Tampa, apartments in St. Petersburg are an ideal mid-point to a large number of Florida opportunities. Oceanside beauty abounds, and the locals are as likely to help you change a tire as they are to spin a humorous yarn around a few pints at the bar. This 'Sunshine City' is truly a bright example of Florida living at its finest.

Best Local Schools in
St. Petersburg, FL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore St. Petersburg, FL Rentals by Map

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See the most popular apartments and homes in St. Petersburg, FL

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Getting Around St. Petersburg, FL

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap St. Petersburg Apartments

What is a cheap apartment in St. Petersburg?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Petersburg is under $1,250.

What is the price of a cheap apartment in St. Petersburg?

The cheapest apartment in St. Petersburg is Osprey Pointe which is listed at $1,145, while the average apartment in St. Petersburg costs $3,843.

What types of apartments are the cheapest in St. Petersburg?

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 31 regular apartments in St. Petersburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in St. Petersburg?

Cheap apartments in St. Petersburg have an average cost of $410 which is $3,433 cheaper than the average rent for all rentals in St. Petersburg.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa

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Hi, and welcome to ApartmentHomeLiving.com, we're here to provide you with all the information you need about top areas in and around Tampa that are great choices to call home.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.