
Cheap Apartments for Rent in the Pennington Village Neighborhood of Tampa, FL from $800 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pennington Village area of Tampa.


Park at Lake Magdalene Apartments and Townhomes

16504 Lake Brigadoon Cir

Seven Lakes at Carrollwood

St. James Crossing

Lake Carlton Arms
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
Pennington Village, Tampa, FL Local Guide

How much does it cost to rent an apartment in Pennington Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pennington Village Studio Apartments | $1,325 | $1,005 | $1,638 |
Pennington Village 1 Bedroom Apartments | $1,654 | $875 | $3,210 |
Pennington Village 2 Bedroom Apartments | $2,094 | $1,412 | $4,349 |
Pennington Village 3 Bedroom Apartments | $2,698 | $1,948 | $6,160 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 3 mile radius of the Pennington Village Neighborhood of Tampa, FL.
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Pennington Village, Tampa, FL Local Guide
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Cheapest Available Pennington Village Apartments for Rent
 The cheapest available apartment rental in the Pennington Village area of Tampa, FL is a Studio unit found at Park at Lake Magdalene Apartments and Townhomes priced from $1,100. Seven Lakes at Carrollwood has the second lowest priced unit, which is a Studio apartment currently listed from $1,234. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Park at Lake Magdalene Apartments and Townhomes | Studio | Studio,1BA | $1,100 |
Seven Lakes at Carrollwood | Lily | Studio,1BA | $1,234 |
Palencia | Barcelona | 1BR,1BA | $1,239 |
Best Value Apartments for Rent in Pennington Village, FL
As of March 23, 2025 the best value apartment in the Pennington Village area is the $1.47 price per square foot 16123 Dawnview Dr Model at 16123 Dawnview Dr in the in the Mid Village neighborhood starting from $2,145. The second greatest value Pennington Village apartment is the 5621 Pinnacle Heights Cir Model at 5621 Pinnacle Heights Cir, Unit 207 starting at $2,000 with a $1.72 price per square foot in the Mid Village neighborhood. Here is today’s list of the best values for Pennington Village apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
16123 Dawnview Dr | 16123 Dawnview Dr | 2BR,2.5BA | $1.47 |
5621 Pinnacle Heights Cir, Unit 207 | 5621 Pinnacle Heights Cir | 2BR,2BA | $1.72 |
Lofton Place Apartments | Cantebury Fully Renovated 23 | 2BR,1BA | $2.04 |
Arbors at Carrollwood | A6 | 1BR,1BA | $1.95 |
Cypress Grand Apartments | 1x1 | 1BR,1BA | $2.02 |
MAA Belmere | The Regent | 1BR,1BA | $1.80 |
MAA Carrollwood | The Aster | 1BR,1BA | $1.86 |
Waterstone at Carrollwood | A2r | 1BR,1BA | $2.08 |
The Landings At Cypress Meadows | $1.86/sq.ft. - One Bedroom | 1BR,1BA | $1.86 |
Palencia | Barcelona | 1BR,1BA | $2.07 |
Quick Rent Budget Calculator
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Pet Friendly LifestylePennington Village, Tampa, FL
Ranked #175
Among neighborhoods in Tampa, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Pennington Village, Tampa, FL
School data provided by Great Schools
Best Local Schools in Pennington Village, Tampa, FL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Florida and customized analysis for Tampa, Florida. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Pennington Village Apartments
What is the Cheapest Studio apartment in Pennington Village?
Currently the most affordable Cheap Studio Apartment in Pennington Village is at Park at Lake Magdalene Apartments and Townhomes listed at $1,100.
How much is rent for a Cheap One Bedroom Pennington Village Apartment?
The lowest price for a Cheap One Bedroom Pennington Village Apartment is $1,239 at Palencia.
What is the lowest price for a Cheap Two Bedroom Pennington Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Pennington Village is starting from $1,489 at Palencia.
What is the most affordable Pennington Village Three Bedroom Apartment?
The best deal on a cheap Pennington Village Three Bedroom Apartment rental is at Sabal Palm and starts from $1,948.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.