Cheap Homes for Rent in Fort Walton Beach, FL from $700 (15 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

1 Bedroom, 1 Bath Condo for Rent

Available Now

19 Chestnut Ave SE

Fort Walton BeachFL32548

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.

property at 113 Classic Ct

$1,250

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

113 Classic Ct

Fort Walton BeachFL32548

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.

property at 210 Pelham Rd

$1,250 - $1,900

1 To 2 Bedroom Rentals

Available Now

210 Pelham Rd

Fort Walton BeachFL32547
property at 208 Third St SE

$1,295

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

208 Third St SE

Fort Walton BeachFL32548

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

Cheapest Neighborhoods for Apartments in Fort Walton Beach, FL

Pricing Updated: 02/20/2026

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$2,500$80030
Sylvania Heights$2,500$78041
Wright$2,500$78052
Santa Rosa Island$4,000$1,5005

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 Holly Sands in the Sylvania Heights neighborhood priced from $1,055. Pine Ridge Apartments at Shalimar has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Fort Walton Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Holly SandsOne Bedroom One Bath Apartment1BR,1BA$1,055
Pine Ridge Apartments at Shalimar1x11BR,1BA$1,150
Villager ApartmentsB12BR,1BA$1,152
Falcon HouseA11BR,1BA$1,199
The LyleA11BR,1BA$1,199

Best Value Apartments for Rent in Fort Walton Beach, FL

As of February 20, 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
Bradford Place ApartmentsMain2BR,2BA$1.29
Shoreline Villas2/2 Bedroom2BR,2BA$1.43
Falcon HouseA11BR,1BA$1.58
Villager ApartmentsB12BR,1BA$1.54
25C 6th St, Unit Shalimar Rentals25C 6th St1BR,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick 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.

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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 $877 to $5,600. There are also 130 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Walton Beach ranging from $780 to $4,500.

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 $780 to $4,500 with an average monthly rent of $2,071.

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 $1,300 to $5,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $4,500. Four Bedroom Single-Family rentals are also available starting from $780 and Four Bedroom Apartments start at $1,575.

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 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.

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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.