Cheap Apartments for Rent in Fort Walton Beach, FL from $400 (90 Rentals)

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

property at 1614 Mariah Way E

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

3 Bedroom, 2.5 Bath Home for Rent

Available Now

1614 Mariah Way E

Fort Walton BeachFL32547

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 102 Chicago Ave SE

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

102 Chicago Ave SE

Fort Walton BeachFL32548
property at 201 Taylor St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

201 Taylor St

Fort Walton BeachFL32547

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 207 Fourth St SE

$1,250 - $1,450

Studio To 1 Bedroom Rentals

Available Now

207 Fourth St SE

Fort Walton BeachFL32548
property at 895 Silverwood

$1,250

2 Bedroom Rentals

Available Now

895 Silverwood

Fort Walton BeachFL32547
property at 912 Barrow St

$1,300

1 Bedroom Rentals

Unavailable

912 Barrow St

Fort Walton BeachFL32547
property at 914 Barrow St

$1,300

1 Bedroom Rentals

Unavailable

914 Barrow St

Fort Walton BeachFL32547
property at 1850 Norwood Ct

$1,350

2 Bedroom Rentals

Available Now

1850 Norwood Ct

Fort Walton BeachFL32548
property at 1851 Norwood Ct

$1,350

2 Bedroom Rentals

Available Now

1851 Norwood Ct

Fort Walton BeachFL32548

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1863 Norwood Ct

$1,350

2 Bedroom Rentals

Available Now

1863 Norwood Ct

Fort Walton BeachFL32548
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1013 Holton Ave
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500
2 Bedroom Apartment Available Now

1013 Holton Ave

1013 Holton AveFort Walton Beach, FL 32547
Affordability
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 910 Barrow St

$1,500

2 Bedroom Rentals

Unavailable

910 Barrow St

Fort Walton BeachFL32547
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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
property at 19 Chestnut Ave SE

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

19 Chestnut Ave SE, Unit 17

19 Chestnut Ave SE
Fort Walton BeachFL32548
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Creekside Apartments
2 Bedroom Apartments

Creekside Apartments

1862 Norwood CtFort Walton Beach, FL 32548
  • Utilities Included
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Cape Apartments
1 Bedroom Apartments

Cape Apartments

33 Cape DrFort Walton Beach, FL 32548
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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Fort Walton Beach, FL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Fort Walton Beach, FL

Pricing Updated: 05/28/2026

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
Wright$4,330$89284
Sylvania Heights$4,426$1,02559
Santa Rosa Island$4,736$1,8509
Ocean City$7,086$89238

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 Cape Apartments in the Sylvania Heights neighborhood priced from $1,100. Villager Apartments in the Sylvania Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,130. Here is today’s list of the most affordable Fort Walton Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cape Apartments1/11BR,1BA$1,100
Villager ApartmentsA11BR,1BA$1,130
The LyleA11BR,1BA$1,199
Merrimac Manor Apartments2x1.5 1300 - NO AVAILABILITY2BR,1BA$1,200
Falcon HouseA11BR,1BA$1,239
Bradford Place ApartmentsMain2BR,2BA$1,250
Cross Oaks Apartments1x1 Cross Oaks1BR,1BA$1,255
Oakmont Village1br1BR,1BA$1,300

Best Value Apartments for Rent in Fort Walton Beach, FL

As of May 28, 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 $1,749 with a $1.42 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$1.42
The DorianB1.1.5THU2BR,2BA$1.21
Courtland TerraceMain2BR,1.5BA$1.22
Crosswinds Apartments2X2 - Crosswinds2BR,2BA$1.62
The CordeliaB1.1.5T2BR,1.5BA$1.32
50 5th St, Unit 50 C50 5th St2BR,1BA$1.29
Bradford Place ApartmentsMain2BR,2BA$1.35
94 Harris Rd NE, Unit 494 Harris Rd NE2BR,1BA$1.56
44 5th Ave, Unit Shalimar Rentals44 5th Ave1BR,1BA$1.56

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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.

Best Local Schools in
Fort Walton Beach, FL

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

Explore Fort Walton Beach, FL Rentals by Map

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See the most popular apartments and homes in Fort Walton Beach, FL

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Frequently Asked Questions about Cheap Fort Walton Beach Apartments

How much is rent for a Cheap One Bedroom Fort Walton Beach Apartment?

The lowest price for a Cheap One Bedroom Fort Walton Beach Apartment is $1,100 at Cape Apartments.

What is the lowest price for a Cheap Two Bedroom Fort Walton Beach Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fort Walton Beach is starting from $1,200 at Merrimac Manor Apartments.

What is the most affordable Fort Walton Beach Three Bedroom Apartment?

The best deal on a cheap Fort Walton Beach Three Bedroom Apartment rental is at The Lyle and starts from $1,599.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.