Cheap Homes for Rent in Fort Walton Beach, FL from $950 (39 Rentals)

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

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
property at 513 Landview Dr

$1,175

2 Bedroom Rentals

Available Now

513 Landview Dr

Fort Walton BeachFL32547
property at 509 Landview Dr

$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

509 Landview Dr

Fort Walton BeachFL32547

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 124 Alder Ave SE

$1,395

2 Bedroom, 2 Bath Townhome for Rent

Available Now

124 Alder Ave 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 210 Pelham Rd

$1,325 - $1,595

2 Bedroom Rentals

Available Now

210 Pelham Rd

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 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 416 Bear Rd

$1,550

2 Bedroom Rentals

Available Now

416 Bear Rd

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.

Read Article
property at 315 Bream Ave

$1,595 - $1,600

1 To 2 Bedroom Rentals

Available Now

315 Bream Ave

Fort Walton BeachFL32548
Showing Results 1-39, Page 1 of 1

Fort Walton Beach, FL Local Guide

Cheapest Neighborhoods for Apartments in Fort Walton Beach, FL

Pricing Updated: 08/23/2026

Current apartment rentals in the Fort Walton Beach, FL area range in price from $927 to $6,466 with an overall median price of $1,633. Here is today’s list neighborhoods with the lowest median pricing for Fort Walton Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ocean City$1,620$92737
Wright$1,620$92756
Sylvania Heights$1,650$1,08227
Santa Rosa Island$2,328$1,7121

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 23, 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 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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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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Frequently Asked Questions about Fort Walton Beach

What type of rentals are currently available in Fort Walton Beach?

There are currently 192 Apartments for Rent in Fort Walton Beach, FL with pricing that ranges from $927 to $6,466. There are also 175 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Walton Beach ranging from $950 to $3,995.

What is the current price range for Rental Homes in Fort Walton Beach?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fort Walton Beach ranges from $950 to $3,995 with an average monthly rent of $2,052.

How much are larger Three and Four Bedroom Rentals in Fort Walton Beach?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fort Walton Beach range from $1,380 to $3,483, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,666.

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.

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

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.