Cheap Apartments for Rent in Pensacola, FL from $400 (55 Rentals)

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

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.

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.

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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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
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Villas West
2 Bedroom Apartments

Villas West

12 Villa DrPensacola, FL 32506
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Fairfield Manor
1 to 2 Bedroom Apartments

Fairfield Manor

3390 West Park PlPensacola, FL 32501
Senior Living
  • 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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Broadview Oaks
1 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
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West Park Village
Studio to 1 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
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Belmont Gardens
1 Bedroom Apartments

Belmont Gardens

222 W Belmont StPensacola, FL 32501
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Essex Point
1 to 2 Bedroom Apartments

Essex Point

4501 E Johnson AvePensacola, FL 32514
  • Utilities Included
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Belmont
2 Bedroom Apartments

Belmont

2110-2180 Belmont St WPensacola, FL 32505
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Oak Ridge Apartments
1 to 2 Bedroom Apartments

Oak Ridge Apartments

7201 Bruner StPensacola, FL 32526
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The Emory
1 to 2 Bedroom Apartments

The Emory

3205 E Olive RdPensacola, FL 32514
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Whispering Woods
2 Bedroom Apartments

Whispering Woods

585 S 72nd AvePensacola, FL 32506
Senior Living
  • Utilities Included

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: 06/13/2025

Current apartment rentals in the Pensacola, FL area range in price from $700 to $5,400 with an overall median price of $2,584. The three Pensacola neighborhoods with the lowest median rent pricing are Southeast Pensacola at $991, Airport NE Pensacola at $749, and Brownsville South Pensacola at $1,175. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southeast Pensacola$1,689$991101
Airport NE Pensacola$1,742$749177
Brownsville South Pensacola$1,800$1,1754
West Pensacola$1,875$1,0005
Travis Park Hunters Lake$1,999$74953
Northeast Pensacola$2,150$991129
Ensley N Central Pensacola$2,200$700252
Ferry Pass$2,200$700264
Greater Pensacola$2,200$991108
North Central Pensacola$2,200$70071

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. 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
Arbours at Ensley3X23BR,2BA$700
West Park VillageStudioStudio,1BA$850
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$899
Lillian Square Apartments1 Bedroom1BR,1BA$1,000
The LaurelB12BR,1BA$1,050
Northwoods (C.H.A.M.)1br1BR,1BA$1,050
The EmoryA11BR,1BA$1,095
The PapillonA11BR,1BA$1,099
WillowBrook ApartmentsCypress1BR,1BA$1,099
Chapins Landing1x11BR,1BA$1,120

Best Value Apartments for Rent in Pensacola, FL

As of June 14, 2025 the best value apartment in the Pensacola area is the $1.18 price per square foot Pimento Model at Covey Homes Jennings Place in the in the Cantonement neighborhood starting from $2,105. The second greatest value Pensacola apartment is the 2x2 Model at Parkside Grand starting at $1,619 with a $0.97 price per square foot in the North Central 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.
Covey Homes Jennings PlacePimento4BR,2BA$1.18
Parkside Grand2x22BR,2BA$0.97
2017 Wyatt Street - OFF CAMPUS HOUSING!!!3 Beds, 3.5 baths3BR,3.5BA$0.51
Pensacola Grand3 Bedroom3BR,2BA$1.13
Village At Southern Oaks3/23BR,2BA$1.10
Arbours at Ensley3X23BR,2BA$0.54
Angel Cove2 Bedroom Regular2BR,2BA$1.12
Stoddert PlaceSPCMKT3BR,2BA$1.17
The EdgeC13BR,3BA$0.80
College Vue2BR/2BA - A2BR,2BA$1.17

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

Explore Pensacola, FL Rentals by Map

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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

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 $1,120.

What is the price of a cheap apartment in Pensacola?

The cheapest apartment in Pensacola is Alabaster Gardens - 55+ Community which is listed at $899, while the average apartment in Pensacola costs $2,584.

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 146 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 $268 which is $2,316 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.

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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.