Cheap Apartments for Rent in Pensacola, FL from $669 (193 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

Base Rent$700 - $975
Total Monthly Price$700 - $975
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

555 N 68th Ave

PensacolaFL32506
property at 2000 Elaine Cir
$750

Total Monthly Price

Base Rent$750
Total Monthly Price$750
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2000 Elaine Cir, Unit 4 - Room

2000 Elaine Cir
PensacolaFL32504
property at 4400 Lillian Hwy
$750 - $950

Total Monthly Price

Base Rent$750 - $950
Total Monthly Price$750 - $950
Studio, 1 Bath Home for Rent
Available Now
Furnished

4400 Lillian Hwy

PensacolaFL32506
property at 6 Ruffin Cir
$800 - $1,095

Total Monthly Price

Base Rent$800 - $1,095
Total Monthly Price$800 - $1,095
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

6 Ruffin Cir

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 6801 Tiki Ln
$1,050
2 Bedroom Rentals
Available Now
Affordability

6801 Tiki Ln

PensacolaFL32503
  • Smoke Free

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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property at 99 S 3rd St
$1,100 - $1,275
1 To 2 Bedroom Rentals
Available Now
Affordability

99 S 3rd St

PensacolaFL32507

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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property at 3161 muldoon rd
$1,150

Total Monthly Price

Base Rent$1,150
Total Monthly Price$1,150
2 Bedroom, 1 Bath Townhome for Rent
Available Sep 7
Affordability

3161 muldoon rd

PensacolaFL32526
property at 10151 Guidy Ln
$1,150
2 Bedroom Rentals
Available Now
Affordability

10151 Guidy Ln

PensacolaFL32514
  • Smoke Free
property at 804 Royce St
$1,190 - $1,295
1 To 2 Bedroom Rentals
Available Sep 18
Affordability

804 Royce St

PensacolaFL32503

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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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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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: 09/05/2026

Current apartment rentals in the Pensacola, FL area range in price from $669 to $5,806 with an overall median price of $1,627. The three Pensacola neighborhoods with the lowest median rent pricing are Brownsville South Pensacola at $1,225, South Pensacola at $1,225, and Greater Pensacola at $1,254. 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$1,225$9003
South Pensacola$1,225$9003
Greater Pensacola$1,254$1,11510
Southeast Pensacola$1,341$94122
Northeast Pensacola$1,349$94143
Ferry Pass$1,420$669196
Airport NE Pensacola$1,425$669130
Travis Park Hunters Lake$1,457$66938
Goulding SE Pensacola$1,495$90026
Outer Southwest Pensacola$1,495$950126

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. Marina Sol in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Pensacola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbours at Ensley3X23BR,2BA$790
Marina Sol1x11BR,1BA$999
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$1,002
Bay Oaks Condominiums IThe Lagoon Upgraded1BR,1BA$1,015
The Landings at Tiger LilySPAZ1BR,1BA$1,037
Willowbrook2x12BR,1BA$1,050
161 Strong St2 Beds, 1 Baths2BR,1BA$1,050
Jasmine Creek Apartments1 BEDROOM/1 BATHROOM1BR,1BA$1,059
Ember Ridge Apartments1x1 Bearcat1BR,1BA$1,099
Acasa Crestview at Cordova1 Bed 1 Bath1BR,1BA$1,150

Best Value Apartments for Rent in Pensacola, FL

As of September 05, 2026 the best value apartment in the Pensacola area is the $0.97 price per square foot 3x2 Model at Parkside Grand in the in the North Central Pensacola neighborhood starting from $1,799. The second greatest value Pensacola apartment is the 3/2.5 TH w 1 car garage Model at Three Angels Apartments starting at $1,625 with a $0.94 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.
Parkside Grand3x23BR,2BA$0.97
Three Angels Apartments3/2.5 TH w 1 car garage3BR,2.5BA$0.94
Legend at Pine Forest2 Bedroom Study2BR,2BA$1.18
Pensacola Grand3 Bedroom3BR,2BA$1.14
The NextSanta Rosa4BR,4BA$0.56
The Pines at WarringtonThree Bedroom Two Bath3BR,2BA$1.24
Village At Southern Oaks2/12BR,1BA$1.25
Arbours at Ensley1X11BR,1BA$1.14
161 Strong St2 Beds, 1 Baths2BR,1BA$1.24
College Vue2BR/2BA - A2BR,2BA$1.18

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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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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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 $1,150.

What is the price of a cheap apartment in Pensacola?

The cheapest apartment in Pensacola is Arbours at Ensley which is listed at $995, while the average apartment in Pensacola costs $1,627.

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 410 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 $562 which is $1,065 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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.