Cheap Apartments for Rent in Fort Walton Beach, FL from $927 (98 Rentals)

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

property at 102 Chicago Ave SE

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

102 Chicago Ave SE

Fort Walton BeachFL32548

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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 27 Kelly Ave NE

$1,250

2 Bedroom Rentals

Available Now

27 Kelly Ave NE

Fort Walton BeachFL32548
property at 207 Fourth St SE

$1,250 - $1,450

Studio To 1 Bedroom Rentals

Available Now

207 Fourth St SE

Fort Walton BeachFL32548

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1009 Hondo Ave

$1,300

2 Bedroom Rentals

Available Now

1009 Hondo Ave

Fort Walton BeachFL32547

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 316 Lewis St

$1,450

2 Bedroom Rentals

Available Now

316 Lewis St

Fort Walton BeachFL32547
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1013 Holton Ave, Unit 2
$1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475
2 Bedroom Apartment Available Now

1013 Holton Ave, Unit 2

1013 Holton AveFort Walton Beach, FL 32547
Affordability
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710 Shady Lane Dr, Unit Apt C
$1,500
Total Monthly Price

Total Monthly Price

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

710 Shady Lane Dr, Unit Apt C

710 Shady Lane DrFort Walton Beach, FL 32547
Affordability
property at 302 Santa Rosa Blvd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

302 Santa Rosa Blvd, Unit 11

302 Santa Rosa Blvd
Fort Walton BeachFL32548
property at 19 Park Cir SE

$1,500

2 Bedroom Rentals

Available Now

19 Park Cir SE

Fort Walton BeachFL32548
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131 Bayou View Dr, Unit D
$1,525
Total Monthly Price

Total Monthly Price

Base Rent
$1,525
Total Monthly Price
$1,525
2 Bedroom Apartment Available Now

131 Bayou View Dr, Unit D

131 Bayou View DrFort Walton Beach, FL 32547
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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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Glenwood Apartments
1 to 2 Bedroom Apartments

Glenwood Apartments

50 Kelly AveFort Walton Beach, FL 32548
  • 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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Walton South Apartments
1 to 2 Bedroom Apartments

Walton South Apartments

303 South AveFort Walton Beach, FL 32547
  • Utilities Included
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Holly Sands
Studio to 3 Bedroom Apartments

Holly Sands

5 Sandalwood DrFort Walton Beach, FL 32548
  • 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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Shoreline Villas
1 to 2 Bedroom Apartments

Shoreline Villas

302 Dates Ave NWFort Walton Beach, FL 32548
Senior Living

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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Fort Walton Beach, FL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Fort Walton Beach, FL

Pricing Updated: 08/26/2026

Current apartment rentals in the Fort Walton Beach, FL area range in price from $927 to $6,435 with an overall median price of $1,638. Here is today’s list neighborhoods with the lowest median pricing for Fort Walton Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ocean City$1,617$92731
Wright$1,620$92755
Sylvania Heights$1,650$1,08232
Santa Rosa Island$2,243$1,7132

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 The Lyle in the Sylvania Heights neighborhood priced from $1,199. Merrimac Manor Apartments in the Sylvania Heights neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Fort Walton Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The LyleA11BR,1BA$1,199
Merrimac Manor Apartments2x1.5 1300 - NO AVAILABILITY2BR,1BA$1,200
Bradford Place ApartmentsMain2BR,2BA$1,225
MER-Teresa Village Apartments2BD/ 1 BA2BR,1BA$1,225
Falcon HouseA11BR,1BA$1,245
Oakmont Village1br1BR,1BA$1,250
The CoveA11BR,1BA$1,400

Best Value Apartments for Rent in Fort Walton Beach, FL

As of August 26, 2026 the best value apartment in the Fort Walton Beach area is the $1.14 price per square foot Main Model at Grande View Townhomes in the in the Sylvania Heights neighborhood starting from $2,000. The second greatest value Fort Walton Beach apartment is the 2x1.5 1300 - NO AVAILABILITY Model at Merrimac Manor Apartments starting at $1,200 with a $0.92 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.
Grande View TownhomesMain3BR,2.5BA$1.14
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
The CordeliaB1.1.5T2BR,1.5BA$1.32
46 5th Ave, Unit 46 A46 5th Ave2BR,1BA$1.25
25 6th St, Unit Unit B25 6th St2BR,1BA$1.29
Bradford Place ApartmentsMain2BR,2BA$1.32
MER-Teresa Village Apartments2BD/ 1 BA2BR,1BA$1.38

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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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 $1,199 at The Lyle.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.