Cheap Homes for Rent in Pennington Village Neighborhood of Tampa, FL from $1,200 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Pennington Village area of Tampa.

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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Pennington Village, Tampa, FL Local Guide

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 Countrywood priced from $1,099. Park at Lake Magdalene Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $1,190. Here are the most affordable Pennington Village apartments for rent in Tampa, FL:

Apartment ListingModel NameBed/BathPriced From
CountrywoodStudioStudio,1BA$1,099
Park at Lake Magdalene Apartments and TownhomesStudioStudio,1BA$1,190
Seven Lakes at CarrollwoodLilyStudio,1BA$1,215
St. James Crossing1A1BR,1BA$1,220
PalenciaBarcelona1BR,1BA$1,239

Best Value Apartments for Rent in Pennington Village, FL

As of April 09, 2025 the best value apartment in the Pennington Village area is the $2.07 price per square foot A6 Model at Arbors at Carrollwood in the in the Mid Village neighborhood starting from $1,966. The second greatest value Pennington Village apartment is the 1x1 Model at Cypress Grand Apartments starting at $1,825 with a $1.94 price per square foot in the Rose Harbor neighborhood. Here is today’s list of the best values for Pennington Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at CarrollwoodA61BR,1BA$2.07
Cypress Grand Apartments1x11BR,1BA$1.94
Altis PromenadeAura1BR,1BA$2.01
Countrywood2 Bed 2 Bath2BR,2BA$1.91
MAA BelmereThe Regent1BR,1BA$1.74
MAA CarrollwoodThe Aster1BR,1BA$2.00
Waterstone at CarrollwoodA2r1BR,1BA$2.05
The Landings At Cypress Meadows$1.79/sq.ft. - One Bedroom1BR,1BA$1.79
Sabal PalmA11BR,1BA$1.89
PalenciaBarcelona1BR,1BA$2.07

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Frequently Asked Questions about Pennington Village

What type of rentals are currently available in Pennington Village?

There are currently 32 Apartments for Rent in Pennington Village, FL with pricing that ranges from $875 to $5,870. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennington Village ranging from $1,250 to $7,700.

What is the current price range for Rental Homes in Pennington Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennington Village ranges from $1,250 to $7,700 with an average monthly rent of $2,791.

How much are larger Three and Four Bedroom Rentals in Pennington Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennington Village range from $1,794 to $5,870, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,525 and Four Bedroom Apartments start at $2,395.

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.

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

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.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.