
Cheap Apartments for Rent in the Paradise Island Neighborhood of St. Petersburg, FL from $800 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Paradise Island area of St. Petersburg.


Nautica Apartments

The Drake at St. Pete

Park House Apartments

Raven at Monterey

520 70th St N

Lutheran Residences of South Pasadena

Bay Pointe Tower
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

How much does it cost to rent an apartment in Paradise Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Paradise Island Studio Apartments | $1,375 | $1,210 | $1,995 |
Paradise Island 1 Bedroom Apartments | $1,654 | $1,150 | $2,600 |
Paradise Island 2 Bedroom Apartments | $2,193 | $1,525 | $3,500 |
Paradise Island 3 Bedroom Apartments | $4,441 | $2,670 | $9,540 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Paradise Island Neighborhood of St. Petersburg, FL.
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Paradise Island, St. Petersburg, FL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Drake at St. Pete | Sakonnet | Studio,1BA | $1,294 |
Bay Pointe Tower | S1 | Studio,1BA | $1,338 |
Nautica Apartments | The Galley | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Waters Pointe | B2 | 2BR,2BA | $2.25 |
2820 DuPont St S | 203 | 2BR,1.5BA | $1.94 |
Lakeshore Apartments | 2 BedRoom 1 Bath | 2BR,1BA | $1.69 |
The Drake at St. Pete | Sakonnet | Studio ,1BA | $2.85 |
Nautica Apartments | The Stern | Studio ,1BA | $2.69 |
Bay Pointe Tower | E1 | Studio ,1BA | $3.22 |
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Pet Friendly LifestyleParadise Island, St. Petersburg, FL
Ranked #140
Among neighborhoods in St. Petersburg, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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.

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa
Written by: Vickie Ferguson
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.

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.

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.

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.