Cheap Homes for Rent in Okaloosa County, FL from $700 (126 Rentals)

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Search the lowest-cost Homes available for rent right now in Okaloosa County.

property at 19 Chestnut Ave SE

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.

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property at 1701 26th St

1701 26th St

NicevilleFL32578
property at 67 Josie Rd

67 Josie Rd

Mary EstherFL32569

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.

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property at 53 Robys Dr

53 Robys Dr

Mary EstherFL32569

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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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.

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property at 208 Third St SE

208 Third St SE

Fort Walton BeachFL32548
property at 153 Scottwood Dr SE

153 Scottwood Dr SE

Fort Walton BeachFL32548

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Cheapest Available Okaloosa County Apartments for Rent

 

The cheapest available apartment rental in Okaloosa County, FL is a 2 Beds unit found at Princeton Grove in the Shoal River Ranch neighborhood priced from $390. Hillcrest in the Shoal River Ranch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Okaloosa County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Princeton Grove2/2 Bedroom2BR,2BA$390
Hillcrest1 Bed 1 Bath1BR,1BA$945
Villager ApartmentsA11BR,1BA$997
Spring Creek ApartmentsA11BR,1BA$999
Addison Place ApartmentsOne Bedroom1BR,1BA$1,006
Pinnacle Pointe ApartmentsFuji1BR,1BA$1,159
Bel Aire TerraceThe Venice1BR,1BA$1,172
The LyleA11BR,1BA$1,199
Merrimac Manor Apartments2x1.5 1300 - NO AVAILABILITY2BR,1BA$1,200

Best Value Apartments for Rent in Okaloosa County, FL

As of November 17, 2025 the best value apartment in the Okaloosa County 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 Okaloosa County apartment is the 3x2 Model at Retreat at Redstone starting at $1,847 with a $1.06 price per square foot in the Shoal River Ranch neighborhood. Here is today’s list of the best values for Okaloosa County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Grande View TownhomesMain3BR,2.5BA$1.14
Retreat at Redstone3x23BR,2BA$1.06
Keystone Townhomes3 bedroom3BR,2.5BA$1.16
Merrimac Manor Apartments2x1.5 1300 - NO AVAILABILITY2BR,1.5BA$0.92
The DorianB1.1.5THU2BR,2BA$1.21
Courtland TerraceMain2BR,1.5BA$1.26
The CordeliaB1.1.5T2BR,1.5BA$1.32
943 Valley Rd, Unit A943 Valley Rd3BR,1BA$1.38
Pinnacle Pointe ApartmentsFuji1BR,1BA$1.40
Addison Place ApartmentsOne Bedroom1BR,1BA$1.33

Frequently Asked Questions about Okaloosa County

What type of rentals are currently available in Okaloosa County?

There are currently 336 Apartments for Rent in Okaloosa County, FL with pricing that ranges from $840 to $17,053. There are also 622 Single Family Homes for rent, Condos, and Townhome rentals currently available in Okaloosa County ranging from $700 to $22,500.

What is the current price range for Rental Homes in Okaloosa County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Okaloosa County ranges from $700 to $22,500 with an average monthly rent of $3,530.

How much are larger Three and Four Bedroom Rentals in Okaloosa County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Okaloosa County range from $1,300 to $8,544, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,575.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.