Want a vibrant city to call home without breaking the bank? Look no further than Tampa. Tampa continues to stand out as a Gulf Coast hub where renters can find a balance between cost and lifestyle. As of April 2026, the average rent in Tampa is $1,635 per month, which sits in line with the national average. However, with rents decreasing by 2.8% over the past year, renters have more flexibility when choosing their Tampa apartment than e ver.
If you're planning a move, budgeting is key. Luckily, some of Tampa’s best neighborhoods are under its city rent average, and will allow you to use that extra spending money on enjoying everything the city has to offer.
The five most affordable neighborhoods in Tampa are:
Riverwalk at Waterside Island
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Average rent in Tampa: $1,635/month
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Average rent in Riverwalk at Waterside Island: $1,099/month
Tampa was one of 2025’s hottest rental markets, and Riverwalk at Waterside Island is evidence why. It offers renters something increasingly rare in Tampa: a unique mix of waterfront living and affordability. Located near the Hillsborough River and within reach of downtown, this neighborhood appeals to renters who want proximity to urban amenities without paying premium prices. Apartments here often feature scenic surroundings, and residents benefit from nearby retail corridors and everyday conveniences along West Waters Avenue.
Living in Riverwalk at Waterside Island means having access to outdoor recreation without needing to travel far. Residents can spend time along the riverfront paths, enjoy nearby parks like Riverhills Park, or visit ZooTampa for a nearby weekend outing.
Del Rio Estates
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Average rent in Tampa: $1,635/month
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Average rent in Del Rio Estates: $1,101/month
Del Rio Estates, or known locally just as Del Rio, is a residential neighborhood in North Tampa that stands out for its quiet streets and access to everyday essentials. With rental prices just above $1,100, it provides a practical option for renters seeking space and convenience. The neighborhood sits near the University of South Florida area, so if you’re a college student looking for an apartment, Del Rio might be the neighborhood for you.
Del Rio places residents close to a wide range of activities without needing to head downtown. The Busch Gardens Tampa Bay amusement park is just a short drive away, offering entertainment close to home, while Lettuce Lake Park provides trails, boardwalks, and kayaking opportunities for those who enjoy time outdoors. Apartments in Del Rio bring accessibility to casual restaurants, coffee shops, and local businesses that make it easy to settle into a routine.
Plandome Heights
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Average rent in Tampa: $1,635/month
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Average rent in Plandome Heights: $1,194/month
Plandome Heights offers a more surburban feel while still keeping renters connected to central Tampa. With average rents at $1,194, the neighborhood attracts those looking for affordability paired with a slower pace. Its location provides convenient access to both established commercial areas and nearby green spaces.
Residents of Plandome Heights enjoy proximity to everyday conveniences along Busch Boulevard and Nebraska Avenue, where local restaurants, grocery stores, and small businesses are easy to access. The neighborhood is also near Rowlett Park, a well-used green space with walking paths, sports courts, and picnic areas.
Lake View Park
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Average rent in Tampa: $1,635/month
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Average rent in Lake View Park: $1,194/month
Lake View Park delivers a residential setting centered around accessible outdoor space and steady rental pricing. With average rents matching Plandome Heights, this neighborhood appeals to renters who want a quieter environment without losing proximity to Tampa’s main corridors. The presence of nearby lakes and parks gives the area a more relaxed feel compared to denser parts of the city.
In Lake View Park, residents can take advantage of nearby green spaces for walking, jogging, or simply spending time outdoors. The neighborhood is close to several local parks and community spaces that support everyday recreation. Shopping centers and dining options along Hillsborough Avenue provide practical conveniences, while larger retail destinations are a short drive away for expanded choices. And with just a five-to-ten-minute drive, you’ll be connected to the world with Tampa International Airport.
Sunset
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Average rent in Tampa: $1,635/month
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Average rent in Sunset: $1,211/month
Sunset is one of Tampa’s more southbound neighborhoods, offering renters a balance of affordability and accessibility. With average rents around $1,211, it remains one of the more budget-conscious options while still providing proximity to major commercial areas. Its location near South Tampa and Westshore makes it especially appealing for those who want to stay connected to job centers and retail hubs.
Living in the Sunset neighborhood means having quick access to some of Tampa’s busiest retail and dining districts. Westshore Plaza and International Plaza are both nearby, offering a wide selection of stores and restaurants. Residents can also spend time at nearby parks or head toward the waterfront areas of Tampa Bay for outdoor activities. Daily life here is shaped by convenience, with plenty of options close to home.
Find an affordable Tampa Apartment on Apartments.com
Tampa offers a wide range of neighborhoods where renters can find value without sacrificing access to the city’s core amenities. Whether you’re drawn to waterfront areas, suburban streets, or neighborhoods near major job centers, there are options that align with different lifestyles and budgets. As you plan your move, Apartments.com can help you compare listings, explore neighborhoods, and find a rental that fits your needs.
Apartment rent data provided by CoStar Group's April 2026 reports.
FAQs
What salary do you need to afford apartments in Tampa?
To afford apartments in Tampa comfortably, you should earn around $65,400 per year. This is based on keeping rent at about 30% of your monthly income, with the average rent in Tampa at $1,635.
Is living in Tampa more affordable compared to other Florida cities?
Tampa apartments are generally more affordable than cities like Miami. However, comparing the cost of living in Tampa to Orlando is a different story. Living in Tampa can be slightly more expensive than Orlando depending on the neighborhood. Overall, Tampa offers a good balance of cost, space, and access to amenities.
Is Tampa a good city for renters?
Yes, Tampa is a popular city for renters due to its growing job market, access to beaches, and relatively balanced cost of living compared to other major coastal cities.
