
Cheap Apartments for Rent in the Terrace Park Neighborhood of Tampa, FL from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Terrace Park area of Tampa.


River Pines Senior Apartments 55+

Armature Place

Azula North

Riverside Palms

4139 Dolphin Dr
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
Terrace Park, Tampa, FL Local Guide

How much does it cost to rent an apartment in Terrace Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Terrace Park Studio Apartments | $1,340 | $735 | $1,875 |
Terrace Park 1 Bedroom Apartments | $1,348 | $465 | $2,770 |
Terrace Park 2 Bedroom Apartments | $1,547 | $536 | $5,626 |
Terrace Park 3 Bedroom Apartments | $1,647 | $600 | $5,134 |
Terrace Park 4 Bedroom Apartments | $1,234 | $649 | $7,120 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Terrace Park Neighborhood of Tampa, FL.
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Terrace Park, Tampa, FL Local Guide
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Cheapest Available Terrace Park Apartments for Rent
 The cheapest available apartment rental in the Terrace Park area of Tampa, FL is a 2 Beds unit found at Shadow Pines priced from $940. Park Place at Tampa has the second lowest priced unit, which is a 5 Beds apartment currently listed from $965. Here are the most affordable Terrace Park apartments for rent in Tampa, FL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shadow Pines | 2BR/2.0BA | 2BR,2BA | $940 |
Park Place at Tampa | 5x5 Premium | 5BR,5BA | $965 |
Azula North | A1 | 1BR,1BA | $999 |
Bella Mar Apartment Homes | One Bedroom One Bath - A1 | 1BR,1BA | $1,039 |
Azure East | Atlantic | 1BR,1BA | $1,057 |
Best Value Apartments for Rent in Terrace Park, FL
As of March 25, 2025 the best value apartment in the Terrace Park area is the $0.65 price per square foot Hounslow 5 x 4 Model at The Standard at Tampa in the in the University Square neighborhood starting from $965. The second greatest value Terrace Park apartment is the 3/3.5 A Model at Town Park Villas starting at $1,945 with a $1.58 price per square foot in the Terrace Park neighborhood. Here is today’s list of the best values for Terrace Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Standard at Tampa | Hounslow 5 x 4 | 5BR,4BA | $0.65 |
Town Park Villas | 3/3.5 A | 3BR,3.5BA | $1.58 |
Shadow Pines | 3BR/2.0BA | 3BR,2BA | $1.42 |
Vue Tampa | 3BR/3BA | 3BR,3BA | $0.67 |
River Rock Apartments | B1 | 2BR,2BA | $1.58 |
Grove at Temple Terrace | Two Bedroom | 2BR,1BA | $1.29 |
Union on Fletcher | B1 | 2BR,2BA | $1.36 |
The Park at Chesterfield Apartment Homes | THE BELLFLOWER | 1BR,1BA | $1.47 |
Timberfalls Apartment Homes | 1 Bedroom/1 Bath | 1BR,1BA | $1.37 |
Avina North | 1 Bedroom 1 Bath | 1BR,1BA | $1.60 |
Quick Rent Budget Calculator
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Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data 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 are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Getting Around the Terrace Park Neighborhood in Tampa, FL
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
59 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 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 Terrace Park Apartments
What is a cheap apartment in Terrace Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Terrace Park is under $1,153.
What is the price of a cheap apartment in Terrace Park?
The cheapest apartment in Terrace Park is Azula North which is listed at $999, while the average apartment in Terrace Park costs $1,765.
What types of apartments are the cheapest in Terrace Park?
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 7,926 regular apartments in Terrace Park 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 Terrace Park?
Cheap apartments in Terrace Park have an average cost of $660 which is $1,105 cheaper than the average rent for all rentals in Terrace Park.
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.