Cheap Apartments for Rent in Fort Walton Beach, FL from $400 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fort Walton Beach.

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Falcon House
$795 - $1,862
Total Monthly Price

Total Monthly Price

Base Rent
$763 - $1,830
Required Monthly Fees
$32

Total Monthly Price
$795 - $1,862
Studio to 3 Bedroom Apartments Available Now

Falcon House

645 James Lee RdFort Walton Beach, FL 32547
Affordability
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property at 201 Taylor St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

201 Taylor St

Fort Walton BeachFL32547
property at 102 Chicago Ave SE

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

102 Chicago Ave SE

Fort Walton BeachFL32548
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Glenwood Apartments
1 to 2 Bedroom Apartments

Glenwood Apartments

50 Kelly AveFort Walton Beach, FL 32548
  • Utilities Included
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Teresa Village
1 to 3 Bedroom Apartments

Teresa Village

321 Woodrow St NEFort Walton Beach, FL 32547
Senior Living
  • Utilities Included

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Walton South Apartments
1 to 2 Bedroom Apartments

Walton South Apartments

303 South AveFort Walton Beach, FL 32547
  • Utilities Included
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Villager Apartments
1 to 2 Bedroom Apartments

Villager Apartments

22 NW Wright Pky NWFort Walton Beach, FL 32548
  • Utilities Included
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Creekside Apartments
2 Bedroom Apartments

Creekside Apartments

1862 Norwood CtFort Walton Beach, FL 32548
  • Utilities Included
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Oak Tree Park Apartments
1 to 2 Bedroom Apartments

Oak Tree Park Apartments

330 Clifford StFort Walton Beach, FL 32547
  • Utilities Included
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204 Davenport Rd
2 Bedroom Apartments

204 Davenport Rd

204 Davenport RdFort Walton Beach, FL 32547

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Fort Walton Beach, FL Local Guide

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Cheapest Neighborhoods for Apartments in Fort Walton Beach, FL

Pricing Updated: 02/26/2026

Current apartment rentals in the Fort Walton Beach, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Fort Walton Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ocean City$1,995$79538
Santa Rosa Island$2,175$1,8506
Wright$2,234$79571
Sylvania Heights$2,469$1,02543

Cheapest Available Fort Walton Beach Apartments for Rent

 

The cheapest available apartment rental in Fort Walton Beach, FL is a 1 Bed unit found at Pine Ridge Apartments at Shalimar priced from $1,150. The Lyle in the Sylvania Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Fort Walton Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pine Ridge Apartments at Shalimar1x11BR,1BA$1,150
The LyleA11BR,1BA$1,199
Merrimac Manor Apartments2x1.5 1300 - NO AVAILABILITY2BR,1BA$1,200
Bradford Place ApartmentsMain2BR,2BA$1,200
Heather GlennTwo Bedroom Two Bath2BR,2BA$1,225

Best Value Apartments for Rent in Fort Walton Beach, FL

As of February 27, 2026 the best value apartment in the Fort Walton Beach area is the $0.92 price per square foot 2x1.5 1300 - NO AVAILABILITY Model at Merrimac Manor Apartments in the in the Sylvania Heights neighborhood starting from $1,200. The second greatest value Fort Walton Beach apartment is the B1 Model at Estates at Palm Bay starting at $1,938 with a $1.57 price per square foot in the Sylvania Heights neighborhood. Here is today’s list of the best values for Fort Walton Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Merrimac Manor Apartments2x1.5 1300 - NO AVAILABILITY2BR,1.5BA$0.92
Estates at Palm BayB12BR,1.5BA$1.57
The DorianB1.1.5THU2BR,2BA$1.21
Courtland TerraceMain2BR,1.5BA$1.22
The CordeliaB1.1.5T2BR,1.5BA$1.32
Heather GlennTwo Bedroom Two Bath2BR,2BA$1.17
Falcon HouseB12BR,2BA$1.49
Bradford Place ApartmentsMain2BR,2BA$1.29
Shoreline Villas2/2 Bedroom2BR,2BA$1.43
Pine Ridge Apartments at Shalimar1x11BR,1BA$1.51

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Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Fort Walton Beach Overview

If you love the appeal of powdery white beaches and tranquil waters, you will love Fort Walton Beach. It is a coastal community in Okaloosa County, located in Florida. Whether you love fishing, golfing, surfing or shopping, this resort-based area has something for everyone. There are also various museums to visit and an array of delicious foods to indulge in. When you live in one of our apartments in Fort Walton Beach, you will have a fantastic time throughout the year.

Why live in Fort Walton Beach, FL?

Often referred to as the Emerald Coast because of its enchanting greenish-blue tinted waters, Fort Walton Beach is a magnet for tourists. Downtown and uptown are filled with places of interest and activities for everybody. With the great weather and the feeling of a small community, “snowbirds” are known to make their permanent homes here and some live in Fort Walton Beach apartments.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Fort Walton Beach Apartments

What is the price of a cheap apartment in Fort Walton Beach?

The cheapest apartment in Fort Walton Beach is Pine Ridge Apartments at Shalimar which is listed at $1,150, while the average apartment in Fort Walton Beach costs $2,218.

What types of apartments are the cheapest in Fort Walton Beach?

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 4 regular apartments in Fort Walton Beach 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 Fort Walton Beach?

Cheap apartments in Fort Walton Beach have an average cost of $878 which is $1,340 cheaper than the average rent for all rentals in Fort Walton Beach.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.