
Cheap Apartments for Rent in the Bluewater Bay Neighborhood of Niceville, FL from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Bluewater Bay area of Niceville.


Emerald Cove East

4274 Calinda Ln, Unit 243

114 Montrose Dr, Unit A
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.

1504 Reeves St

1440-1480 30th St

1906 Benton Ave

Southern Pines
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.
Bluewater Bay, Niceville, FL Local Guide
How much does it cost to rent an apartment in Bluewater Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bluewater Bay 1 Bedroom Apartments | $1,300 | $1,250 | $1,350 |
| Bluewater Bay 2 Bedroom Apartments | $1,555 | $1,295 | $2,200 |
| Bluewater Bay 3 Bedroom Apartments | $3,550 | $3,550 | $3,550 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Bluewater Bay Neighborhood of Niceville, FL.
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Cheapest Available Bluewater Bay Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerald Cove East | One Bedroom | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Bluewater Bay, FL
As of January 19, 2026 the best value apartment in the Bluewater Bay area is the $2.28 price per square foot 4274 Calinda Ln Model at 4274 Calinda Ln, Unit 243 in the in the Bluewater Bay neighborhood starting from $2,200. The second greatest value Bluewater Bay apartment is the One Bedroom Model at Emerald Cove East starting at $1,250 with a $1.72 price per square foot in the Bluewater Bay neighborhood. Here is today’s list of the best values for Bluewater Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4274 Calinda Ln, Unit 243 | 4274 Calinda Ln | 2BR,2BA | $2.28 |
| Emerald Cove East | One Bedroom | 1BR,1BA | $1.72 |
| 114 Montrose Dr, Unit A | 114 Montrose Dr | 2BR,1BA | $2.00 |
Frequently Asked Questions about Cheap Bluewater Bay Apartments
What types of apartments are the cheapest in Bluewater Bay?
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 2 regular apartments in Bluewater Bay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!