Cheap Apartments for Rent in Pensacola, FL from $400 (210 Rentals)

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

property at 555 N 68th Ave

$700 - $975

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $975
Total Monthly Price
$700 - $975

1 Bedroom, 1 Bath Home for Rent

Available Now

555 N 68th Ave

PensacolaFL32506
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
property at 2000 Elaine Cir

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

2000 Elaine Cir, Unit 4 - Room

2000 Elaine Cir
PensacolaFL32504
property at 3000 Torres Ave

$775 - $1,295

Studio To 3 Bedroom Rentals

Available Now

3000 Torres Ave

PensacolaFL32503

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 1511 N Davis Hwy

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1511 N Davis Hwy, Unit A

1511 N Davis Hwy
PensacolaFL32503

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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.

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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

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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Showing Results 1-50, Page 1 of 5

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: 07/21/2026

Current apartment rentals in the Pensacola, FL area range in price from $720 to $5,907 with an overall median price of $2,674. The three Pensacola neighborhoods with the lowest median rent pricing are Brownsville South Pensacola at $1,095, South Pensacola at $1,200, and Ferry Pass at $720. 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$1,0955
South Pensacola$1,525$1,2004
Ferry Pass$1,775$720201
Airport NE Pensacola$1,807$720131
Northeast Pensacola$1,860$94060
Ensley N Central Pensacola$1,887$749195
West Pensacola$1,950$1,3503
Travis Park Hunters Lake$1,994$72031
Bellview West Pensacola$2,144$950241
Brent NW Pensacola$2,144$790310

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 $790. 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$790
West Park VillageStudioStudio,1BA$850
Acasa Cordova Regency1 B1BR,1BA$940
Lillian Square Apartments1 Bedroom1BR,1BA$950
The Pines at WarringtonTwo Bedroom Two Bath2BR,2BA$964
Marina Sol1x11BR,1BA$999
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$1,002
The LaurelA11BR,1BA$1,010
Bay Oaks Condominiums IThe Lagoon Upgraded1BR,1BA$1,015
Willowbrook2x12BR,1BA$1,050

Best Value Apartments for Rent in Pensacola, FL

As of July 21, 2026 the best value apartment in the Pensacola area is the $0.95 price per square foot 3x2 Model at Parkside Grand in the in the North Central Pensacola neighborhood starting from $1,759. The second greatest value Pensacola apartment is the 2 Bedroom Study Model at Legend at Pine Forest starting at $1,643 with a $1.01 price per square foot in the Northwest 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$0.95
Legend at Pine Forest2 Bedroom Study2BR,2BA$1.01
Pensacola Grand2 Bedroom Deluxe2BR,2BA$1.18
College Vue4BR/4BA - A4BR,4BA$0.56
Arbours at Ensley3X23BR,2BA$0.61
Marcus Pointe Grande Apartment HomesMuirfield2BR,1BA$1.24
The Pines at WarringtonTwo Bedroom Two Bath2BR,2BA$0.93
The Landings at Tiger LilySPBZ2BR,2BA$1.20
Willowbrook2x12BR,1BA$1.12
Acasa Cordova Regency1 B1BR,1BA$1.21

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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 $1,050.

What is the price of a cheap apartment in Pensacola?

The cheapest apartment in Pensacola is Acasa Cordova Regency which is listed at $940, while the average apartment in Pensacola costs $2,674.

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 464 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 $605 which is $2,069 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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.