Cheap Apartments for Rent in Pensacola, FL from $400 (186 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 4400 Lillian Hwy

$750 - $950

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $950
Total Monthly Price
$750 - $950

Studio, 1 Bath Home for Rent

Available Now

4400 Lillian Hwy

PensacolaFL32506

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 600 Scenic Hwy

$1,095 - $1,325

1 To 2 Bedroom Rentals

Available Now

600 Scenic Hwy

PensacolaFL32503

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.

Read Article
property at 804 Royce St

$1,190 - $1,295

1 To 2 Bedroom Rentals

Available Jul 1

804 Royce St

PensacolaFL32503

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.

Read Article

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.

Read Article
property at 681 Teleran St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

681 Teleran St

PensacolaFL32534
property at 890 Royce St

$1,295

2 Bedroom Rentals

Available Jun 17

890 Royce St

PensacolaFL32503

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.

Read Article
Showing Results 1-50, Page 1 of 4

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: 04/21/2026

Current apartment rentals in the Pensacola, FL area range in price from $675 to $5,544 with an overall median price of $2,283. The three Pensacola neighborhoods with the lowest median rent pricing are Brownsville South Pensacola at $1,450, South Pensacola at $1,450, and Greater Pensacola at $940. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brownsville South Pensacola$1,450$1,4501
South Pensacola$1,450$1,4501
Greater Pensacola$1,472$94010
North Central Pensacola$1,644$1,07840
West Pensacola$1,650$1,3502
Southeast Pensacola$1,701$94040
Travis Park Hunters Lake$1,713$67535
Ferry Pass$1,745$675266
Goulding SE Pensacola$1,750$94039
Airport NE Pensacola$1,773$675185

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
Lillian Square Apartments1 Bedroom1BR,1BA$950
Marina SOL1x11BR,1BA$999
The LaurelA11BR,1BA$1,010
Bay Oaks Condominiums IThe Lagoon Upgraded1BR,1BA$1,020
The Landings at Tiger LilySPAZ1BR,1BA$1,037

Best Value Apartments for Rent in Pensacola, FL

As of April 21, 2026 the best value apartment in the Pensacola area is the $0.96 price per square foot 3/2.5 TH w 1 car garage Model at Three Angels Apartments in the in the Southwest Pensacola neighborhood starting from $1,650. The second greatest value Pensacola apartment is the 2x2 Model at Parkside Grand starting at $1,789 with a $1.07 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.
Three Angels Apartments3/2.5 TH w 1 car garage3BR,2.5BA$0.96
Parkside Grand2x22BR,2BA$1.07
Arbours at Ensley3X23BR,2BA$1.03
Pensacola Grand1 Bedroom1BR,1BA$1.30
The PresidioC1- Three Bedroom3BR,2.5BA$1.25
Village At Southern Oaks2/22BR,2BA$1.17
College Vue2BR/2BA - A2BR,2BA$1.18
The Pines at WarringtonOne Bedroom One Bath1BR,1BA$1.03
Marina SOL1x11BR,1BA$1.28
Willowbrook1x11BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

School data provided by Great Schools

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

Explore Pensacola, FL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Pensacola, FL

View Map
Pensacola, FL Apartments Map
View Map
Pensacola, FL Rental Homes Map

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 $1,037.

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 $2,283.

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 421 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 $541 which is $1,742 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.