Cheap Apartments for Rent in the Paradise Island Neighborhood of St. Petersburg, FL from $800 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Paradise Island area of 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

Paradise Island, St. Petersburg, FL Local Guide

Cheapest Available Paradise Island Apartments for Rent

 

The cheapest available apartment rental in the Paradise Island area of Tampa, FL is a Studio unit found at The Drake at St. Pete priced from $1,294. Bay Pointe Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,338. Here are the most affordable Paradise Island apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
The Drake at St. PeteSakonnetStudio,1BA$1,294
Bay Pointe TowerS1Studio,1BA$1,338
Nautica ApartmentsThe Galley1BR,1BA$1,430

Best Value Apartments for Rent in Paradise Island, FL

As of April 07, 2025 the best value apartment in the Paradise Island area is the $2.25 price per square foot B2 Model at Waters Pointe in the in the Corey Ave Bsa neighborhood starting from $2,285. The second greatest value Paradise Island apartment is the 203 Model at 2820 DuPont St S starting at $1,750 with a $1.94 price per square foot in the Belle Vista 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.
Waters PointeB22BR,2BA$2.25
2820 DuPont St S2032BR,1.5BA$1.94
Lakeshore Apartments2 BedRoom 1 Bath2BR,1BA$1.69
The Drake at St. PeteSakonnetStudio ,1BA$2.85
Nautica ApartmentsThe SternStudio ,1BA$2.69
Bay Pointe TowerE1Studio ,1BA$3.22

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Pet Friendly Lifestyle
Paradise Island, St. Petersburg, FL

Ranked #140

Among neighborhoods in St. Petersburg, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Paradise Island Apartments

What is a cheap apartment in Paradise Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Paradise Island is under $2,115.

What is the price of a cheap apartment in Paradise Island?

The cheapest apartment in Paradise Island is Nautica Apartments which is listed at $1,430, while the average apartment in Paradise Island costs $2,778.

What types of apartments are the cheapest in Paradise Island?

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 2 regular apartments in Paradise Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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