Cheap Apartments for Rent in Pensacola, FL from $400 (64 Rentals)

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Search the lowest-cost Apartments available for rent right now in Pensacola.

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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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 804 Royce St

$1,115 - $1,220

1 To 2 Bedroom Rentals

Available Mar 26

804 Royce St

PensacolaFL32503

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 916 Rentz Ave

$1,195

2 Bedroom Rentals

Available Now

916 Rentz Ave

PensacolaFL32507
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Palafox Landing
2 to 3 Bedroom Apartments

Palafox Landing

7220 N Palafox StPensacola, FL 32503
  • Utilities Included

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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Crow Road
2 Bedroom Apartments

Crow Road

290 Crow RdPensacola, FL 32506
Corporate Housing
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Villas West
2 Bedroom Apartments

Villas West

12 Villa DrPensacola, FL 32506
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Broadview Oaks
Studio to 2 Bedroom Apartments

Broadview Oaks

6101 College PkyPensacola, FL 32504
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Villa Barcelona
Studio to 2 Bedroom Apartments

Villa Barcelona

220 Chase StPensacola, FL 32502
  • Utilities Included
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West Park Village
Studio to 2 Bedroom Apartments

West Park Village

4712 W Fairfield DrPensacola, FL 32506
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Morris Court II
1 to 3 Bedroom Apartments

Morris Court II

1200 N M StPensacola, FL 32501
  • Utilities Included
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Belmont Gardens
1 Bedroom Apartments

Belmont Gardens

222 W Belmont StPensacola, FL 32501
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Belmont
2 Bedroom Apartments

Belmont

2110-2180 Belmont St WPensacola, FL 32505
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-50, Page 1 of 2

Pensacola, FL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Pensacola, FL

Pricing Updated: 03/06/2026

Current apartment rentals in the Pensacola, FL area range in price from $650 to $9,006 with an overall median price of $2,316. The three Pensacola neighborhoods with the lowest median rent pricing are Greater Pensacola at $940, West Pensacola at $1,350, and North Central Pensacola at $1,078. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Greater Pensacola$1,504$94010
West Pensacola$1,550$1,3501
North Central Pensacola$1,644$1,07848
Ferry Pass$1,740$650300
Southeast Pensacola$1,747$94036
Airport NE Pensacola$1,788$650210
Ensley N Central Pensacola$1,817$734323
Travis Park Hunters Lake$1,854$65042
Bellview West Pensacola$2,110$1,150245
Brent NW Pensacola$2,110$1,002371

Cheapest Available Pensacola Apartments for Rent

 

The cheapest available apartment rental in Pensacola, FL is a 1 Bed unit found at The Pines at Warrington in the Southwest Pensacola neighborhood priced from $825. West Park Village in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Pensacola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Pines at WarringtonOne Bedroom One Bath1BR,1BA$825
West Park VillageStudioStudio,1BA$850
Willowbrook1x11BR,1BA$899
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$919
Marina SOL1x11BR,1BA$999
The LaurelA11BR,1BA$1,010
The Landings at Tiger LilySPAZ1BR,1BA$1,037
Bay Oaks Condominiums IThe Lagoon Upgraded1BR,1BA$1,050
Jasmine Creek Apartments1 BEDROOM/1 BATHROOM1BR,1BA$1,059
Briarwood Rental Homes1 Bed 1 Bath1BR,1BA$1,078

Best Value Apartments for Rent in Pensacola, FL

As of March 07, 2026 the best value apartment in the Pensacola area is the $0.99 price per square foot 3x2 Model at Parkside Grand in the in the North Central Pensacola neighborhood starting from $1,836. The second greatest value Pensacola apartment is the 3/2.5 TH w 1 car garage Model at Three Angels Apartments starting at $1,650 with a $0.96 price per square foot in the Southwest Pensacola neighborhood. Here is today’s list of the best values for Pensacola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside Grand3x23BR,2BA$0.99
Three Angels Apartments3/2.5 TH w 1 car garage3BR,2.5BA$0.96
Legend at Pine Forest2 Bedroom Delux2BR,2BA$1.01
Pensacola Grand2 Bedroom2BR,2BA$1.16
The PresidioC13BR,2.5BA$1.25
Arbours at Ensley2X22BR,2BA$1.05
Village At Southern Oaks2/12BR,1BA$1.19
Willowbrook2x12BR,1BA$1.23
College Vue2BR/2BA - A2BR,2BA$1.17
The Pines at WarringtonOne Bedroom One Bath1BR,1BA$1.03

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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Pensacola Overview

In a seaport city that connects to the gorgeous Gulf of Mexico, Pensacola apartments are considered by many to be among some of the most desirable in all of the Florida panhandle region. Boasting the 'Whitest Sand Beaches in the World', this seaside hotspot effortlessly combines amenities and cultural relevance in equal measure.

Why live in Pensacola, FL?

Home to a number of scenic state parks, including the heralded Blue Lagoon Park, apartments in Pensacola have been on the rise in popularity for years. With a large number of retail and tourism-based jobs in the vicinity, this growing hot spot is a great place for families as well as young professionals to call home. From the excitement of the thriving downtown district to the quaint beach side shops and eateries that cater to the visitors, Pensacola is a gem of the Florida scene.

Best Local Schools in
Pensacola, FL

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Pensacola, FL Rentals by Map

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See the most popular apartments and homes in Pensacola, FL

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Frequently Asked Questions about Cheap Pensacola Apartments

What is a cheap apartment in Pensacola?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pensacola is under $1,078.

What is the price of a cheap apartment in Pensacola?

The cheapest apartment in Pensacola is The Pines at Warrington which is listed at $825, while the average apartment in Pensacola costs $2,316.

What types of apartments are the cheapest in Pensacola?

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 514 regular apartments in Pensacola that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Pensacola?

Cheap apartments in Pensacola have an average cost of $596 which is $1,720 cheaper than the average rent for all rentals in Pensacola.

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

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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.