Cheap Apartments for Rent in Pensacola, FL from $400 (68 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 6810 Tiki Ln

6810 Tiki Ln

PensacolaFL32503
property at 824 Royce St

824 Royce St

PensacolaFL32503

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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Palafox Landing
2 to 3 Bedroom Apartments

Palafox Landing

7220 N Palafox StPensacola, FL 32503
  • Utilities Included
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Crow Road
2 Bedroom Apartments

Crow Road

290 Crow RdPensacola, FL 32506
Corporate Housing

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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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: 12/02/2025

Current apartment rentals in the Pensacola, FL area range in price from $695 to $6,000 with an overall median price of $2,874. The three Pensacola neighborhoods with the lowest median rent pricing are Travis Park Hunters Lake at $950, Northwest Pensacola at $925, and West Pensacola at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Travis Park Hunters Lake$2,000$95027
Northwest Pensacola$2,370$92561
West Pensacola$2,370$75031
Bellview West Pensacola$2,495$750104
Airport NE Pensacola$2,500$69556
Greater Pensacola$2,500$69553
Outer Southwest Pensacola$2,550$725192
Southwest Pensacola$2,550$725203
Brent NW Pensacola$2,645$750181
Ensley$2,645$850113

Cheapest Available Pensacola Apartments for Rent

 

The cheapest available apartment rental in Pensacola, FL is a 3 Beds unit found at Arbours at Ensley in the North Central Pensacola neighborhood priced from $700. Alabaster Gardens - 55+ Community in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here is today’s list of the most affordable Pensacola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbours at Ensley3X23BR,2BA$700
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$919
Lillian Square Apartments1 Bedroom1BR,1BA$950
West Park Village1 Bed 1 Bath1BR,1BA$975
The LaurelA11BR,1BA$1,010
Carriage Hills Apartments2x22BR,2BA$1,025
Marina SOL1x11BR,1BA$1,025
Willowbrook1x11BR,1BA$1,050
Arbor Club1x1 Upgrade1BR,1BA$1,072
Briarwood Rental Homes1 Bed 1 Bath1BR,1BA$1,078

Best Value Apartments for Rent in Pensacola, FL

As of December 02, 2025 the best value apartment in the Pensacola area is the $1.20 price per square foot The Cali Model at Rock Ridge Estates in the in the Cantonement neighborhood starting from $2,142. 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.
Rock Ridge EstatesThe Cali4BR,2BA$1.20
Three Angels Apartments3/2.5 TH w 1 car garage3BR,2.5BA$0.96
The Reserve at Pensacola3 Bedroom 2.5 Bathroom3BR,2.5BA$1.09
Pensacola Grand3 Bedroom3BR,2BA$1.06
Parkside Grand1x11BR,1BA$0.99
Village At Southern Oaks2/12BR,1BA$1.20
The Landings at Tiger LilySPB602BR,2BA$1.20
Bay Oaks Condominiums IThe Gulf Full Upgrade2BR,2BA$1.17
Arbours at Ensley1X11BR,1BA$1.03
College Vue2BR/2BA - A2BR,2BA$1.15

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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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.

Pensacola, FL
Population: 52,713

Ranked #743

in US Census Population by City

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Pet Friendly Lifestyle
Pensacola, FL

Ranked #17

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Pensacola, FL

School data provided by Great Schools

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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Getting Around Pensacola, FL

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Transit Score®

9 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Pensacola Apartments

What is the Cheapest Studio apartment in Pensacola?

Currently the most affordable Cheap Studio Apartment in Pensacola is at The 52 listed at $1,353.

How much is rent for a Cheap One Bedroom Pensacola Apartment?

The lowest price for a Cheap One Bedroom Pensacola Apartment is $900 at Arbours at Ensley.

What is the lowest price for a Cheap Two Bedroom Pensacola Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pensacola is starting from $1,025 at Carriage Hills Apartments.

What is the most affordable Pensacola Three Bedroom Apartment?

The best deal on a cheap Pensacola Three Bedroom Apartment rental is at Arbours at Ensley and starts from $700.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.