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Cheap Apartments for Rent in Pensacola, FL from $400 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Pensacola.
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$926 - $1,4001 to 3 Bedroom Apartments Available Now
Stoddert Place
150 Tiger Lily DrPensacola, FL 32506
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$992 - $1,830Studio to 3 Bedroom Apartments Available Now
Chapins Landing
711 Underwood AvePensacola, FL 32504
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Rent Specials
$999 - $1,3001 to 2 Bedroom Apartments Available Now
WillowBrook Apartments
4600 Twin Oaks DrPensacola, FL 32506
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$1,000 - $1,1501 to 2 Bedroom Apartments Available Now
Lillian Square Apartments
7200 Lillian HwyPensacola, FL 32506
7758 Kipling St
PensacolaFL32514
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.
1020 Sable Dr
PensacolaFL32514
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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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1 to 4 Bedroom Apartments
The Fountains Apartments - Phase I & II
9975 University PkyPensacola, FL 32514
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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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Showing Results 1-29, Page 1 of 1
Pensacola, FL Local Guide
How much does it cost to rent an apartment in Pensacola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Pensacola Studio Apartments | $1,679 | $992 | $4,019 |
| Cheap Pensacola 1 Bedroom Apartments | $1,546 | $850 | $5,400 |
| Cheap Pensacola 2 Bedroom Apartments | $1,690 | $884 | $3,363 |
| Cheap Pensacola 3 Bedroom Apartments | $2,081 | $785 | $3,392 |
| Cheap Pensacola 4 Bedroom Apartments | $2,287 | $600 | $3,061 |
Browse Top Apartments in Pensacola
See all Apartments in PensacolaExplore Pensacola
Pensacola, FL Local Guide
Written By:
Justin HabersaatEditing Staff
- Pensacola Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Pensacola, FL
Pricing Updated: 08/04/2025Current apartment rentals in the Pensacola, FL area range in price from $600 to $5,400 with an overall median price of $2,359. The three Pensacola neighborhoods with the lowest median rent pricing are Travis Park Hunters Lake at $600, Ferry Pass at $600, and Airport NE Pensacola at $600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Travis Park Hunters Lake | $1,495 | $600 | 13 |
| Ferry Pass | $1,749 | $600 | 230 |
| Airport NE Pensacola | $1,784 | $600 | 152 |
| Ensley N Central Pensacola | $1,797 | $769 | 232 |
| North Central Pensacola | $1,815 | $850 | 32 |
| Southeast Pensacola | $1,825 | $992 | 70 |
| Greater Pensacola | $1,854 | $1,100 | 38 |
| Northeast Pensacola | $2,000 | $992 | 106 |
| West Pensacola | $2,100 | $1,325 | 3 |
| Ensley | $2,175 | $769 | 325 |
Cheapest Available Pensacola Apartments for Rent
The cheapest available apartment rental in Pensacola, FL is a Studio unit found at West Park Village in the Southwest Pensacola neighborhood priced from $850. Stoddert Place in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here is today’s list of the most affordable Pensacola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Park Village | Studio | Studio,1BA | $850 |
| Stoddert Place | SPAZ | 1BR,1BA | $926 |
| WillowBrook Apartments | Cypress | 1BR,1BA | $999 |
| Sandstones Apartments | 1x1 | 1BR,1BA | $1,025 |
| Alabaster Gardens - 55+ Community | One Bedroom | 1BR,1BA | $1,031 |
| Northwoods (C.H.A.M.) | 1br | 1BR,1BA | $1,075 |
| The Papillon | A1 | 1BR,1BA | $1,099 |
| Bay Oaks Condominiums I | The Lagoon Upgraded | 1BR,1BA | $1,109 |
Best Value Apartments for Rent in Pensacola, FL
As of August 04, 2025 the best value apartment in the Pensacola area is the $1.14 price per square foot Delux Model at Legends at Pine Forest in the in the Northwest Pensacola neighborhood starting from $2,465. The second greatest value Pensacola apartment is the 3 Beds, 3.5 baths Model at 2017 Wyatt Street - OFF CAMPUS HOUSING!!! starting at $820 with a $0.51 price per square foot in the Airport NE Pensacola neighborhood. Here is today’s list of the best values for Pensacola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Legends at Pine Forest | Delux | 3BR,2BA | $1.14 |
| 2017 Wyatt Street - OFF CAMPUS HOUSING!!! | 3 Beds, 3.5 baths | 3BR,3.5BA | $0.51 |
| Village At Southern Oaks | 3/2 | 3BR,2BA | $1.13 |
| Pensacola Grand | 1 Bedroom | 1BR,1BA | $1.24 |
| Parkside Grand | 1x1 | 1BR,1BA | $1.18 |
| The Edge | C1 | 3BR,3BA | $0.80 |
| 696 S 72nd Ave, Unit UnitCUpstairs | 696 S 72nd Ave | 2BR,1BA | $1.26 |
| Silurian Pond | 2 Bedroom 2 Bath | 2BR,2BA | $0.64 |
| Stoddert Place | SPAZ | 1BR,1BA | $1.20 |
| 702 W Hannah St, Unit 1 | 702 W Hannah St | 1BR,1BA | $1.21 |
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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.
Pet Friendly LifestylePensacola, FL
Ranked #17
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
See the most popular apartments and homes in Pensacola, FL
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 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 $1,109.
What is the price of a cheap apartment in Pensacola?
The cheapest apartment in Pensacola is Stoddert Place which is listed at $926, while the average apartment in Pensacola costs $2,359.
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 62 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 $412 which is $1,947 cheaper than the average rent for all rentals in Pensacola.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.