
Cheap Apartments for Rent in Fort Walton Beach, FL from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Fort Walton Beach.


19 Chestnut Ave SE

Heather Glenn

Shoreline Villas

The Greens on 5th

The Lyle

Merrimac Manor Apartments

Bradford Place Apartments
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.

201 Taylor St

102 Chicago Ave SE

936-938 Barrow St

943 Central Ave

770 Rockport Ct

772 Rockport Ct

Glenwood Apartments

Teresa Village
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.

Walton South Apartments

Captain's Quarters Apartments

Villager Apartments

Creekside Apartments

Oak Tree Park Apartments

204 Davenport Rd

74 2nd Ave

Pine Ridge Apartments at Shalimar
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.
Fort Walton Beach, FL Local Guide

How much does it cost to rent an apartment in Fort Walton Beach?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Fort Walton Beach Studio Apartments | $1,151 | $795 | $1,409 |
| Cheap Fort Walton Beach 1 Bedroom Apartments | $1,553 | $950 | $2,186 |
| Cheap Fort Walton Beach 2 Bedroom Apartments | $1,793 | $1,100 | $4,224 |
| Cheap Fort Walton Beach 3 Bedroom Apartments | $2,427 | $1,300 | $5,599 |
| Cheap Fort Walton Beach 4 Bedroom Apartments | $1,951 | $1,575 | $2,550 |
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Fort Walton Beach, FL Local Guide

- Fort Walton Beach Neighborhoods
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Cheapest Neighborhoods for Apartments in Fort Walton Beach, FL
Pricing Updated: 02/26/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Ocean City | $1,995 | $795 | 38 |
| Santa Rosa Island | $2,175 | $1,850 | 6 |
| Wright | $2,234 | $795 | 71 |
| Sylvania Heights | $2,469 | $1,025 | 43 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pine Ridge Apartments at Shalimar | 1x1 | 1BR,1BA | $1,150 |
| The Lyle | A1 | 1BR,1BA | $1,199 |
| Merrimac Manor Apartments | 2x1.5 1300 - NO AVAILABILITY | 2BR,1BA | $1,200 |
| Bradford Place Apartments | Main | 2BR,2BA | $1,200 |
| Heather Glenn | Two Bedroom Two Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Merrimac Manor Apartments | 2x1.5 1300 - NO AVAILABILITY | 2BR,1.5BA | $0.92 |
| Estates at Palm Bay | B1 | 2BR,1.5BA | $1.57 |
| The Dorian | B1.1.5THU | 2BR,2BA | $1.21 |
| Courtland Terrace | Main | 2BR,1.5BA | $1.22 |
| The Cordelia | B1.1.5T | 2BR,1.5BA | $1.32 |
| Heather Glenn | Two Bedroom Two Bath | 2BR,2BA | $1.17 |
| Falcon House | B1 | 2BR,2BA | $1.49 |
| Bradford Place Apartments | Main | 2BR,2BA | $1.29 |
| Shoreline Villas | 2/2 Bedroom | 2BR,2BA | $1.43 |
| Pine Ridge Apartments at Shalimar | 1x1 | 1BR,1BA | $1.51 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fort Walton Beach, FL Rentals by Map
See the most popular apartments and homes in Fort Walton Beach, FL
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

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.

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.

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.

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.