close
View Me
Rent Specials
Contact Us For Pricing1 to 2 Bedroom Apartments Contact Us For Availability
Savoy Place
300 Blk N Devilliers StPensacola, FL 32501
Cheap Apartments for Rent in the Downtown Pensacola Neighborhood of Pensacola, FL from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Pensacola area of Pensacola.
close
View Me
Rent Specials
$1,660 - $3,731
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,660 - $3,731
Total Monthly Price
Varies
Southtowne Apartments
101 E Romana StPensacola, FL 32502
close
View Me
3 Bedroom Apartments
701 S Palafox St
701 S Palafox StPensacola, FL 32502
close
View Me
1 Bedroom Apartments
711 W Blount St
711 W Blount StPensacola, FL 32501
close
View Me
Studio Apartments
512 C St
512 C StPensacola, FL 32501
close
View Me
2 Bedroom Apartments
92 W Gadsden Fld
92 W Gadsden FldPensacola, FL 32501
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.
close
View Me
1 to 2 Bedroom Apartments
The Altair Senior Apartment Living
1810 W Cervantes StPensacola, FL 32501
close
View Me
1 to 2 Bedroom Apartments
Marina Villas
1275 Mahogany Mill RdPensacola, FL 32507
close
View Me
1 Bedroom Apartments
Carlieanna Garden Apartments
1103 N 15th AvePensacola, FL 32501
close
View Me
1 Bedroom Apartments
Morris Court III
1301 N M StPensacola, FL 32501
close
View Me
1 to 3 Bedroom Apartments
Morris Court II
1200 N M StPensacola, FL 32501
close
View Me
Studio to 2 Bedroom Apartments
Villa Barcelona (PNS90)
220 Chase StPensacola, FL 32502
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.
close
View Me
Studio Apartments
1224 E Strong St
1224 E Strong StPensacola, FL 32501
Showing Results 1-13, Page 1 of 1
Downtown Pensacola, Pensacola, FL Local Guide
How much does it cost to rent an apartment in Downtown Pensacola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Pensacola Studio Apartments | $1,728 | $1,705 | $1,860 |
| Downtown Pensacola 1 Bedroom Apartments | $1,988 | $1,660 | $2,197 |
| Downtown Pensacola 2 Bedroom Apartments | $2,469 | $1,200 | $3,525 |
| Downtown Pensacola 3 Bedroom Apartments | $2,486 | $1,400 | $3,731 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Pensacola Neighborhood of Pensacola, FL.
See all Apartments in PensacolaExplore Pensacola
Downtown Pensacola, Pensacola, FL Local Guide
- Nearby Pensacola neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Downtown Pensacola Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southtowne Apartments | Sawgrass | Studio,1BA | $1,723 |
| Palmilla | A2 | 1BR,1BA | $1,817 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of July 22, 2026 the best value apartment in the Downtown Pensacola area is the $2.61 price per square foot A3 Model at Palmilla in the in the Goulding SE Pensacola neighborhood starting from $1,960. The second greatest value Downtown Pensacola apartment is the Gulfshore Model at Southtowne Apartments starting at $2,006 with a $3.00 price per square foot in the Goulding SE Pensacola neighborhood. Here is today’s list of the best values for Downtown Pensacola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Palmilla | A3 | 1BR,1BA | $2.61 |
| Southtowne Apartments | Gulfshore | 1BR,1BA | $3.00 |
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
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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Downtown Pensacola area?
If you’re an expert on all things Downtown Pensacola, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Pensacola, Pensacola, FL
Ranked #15
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Pensacola Apartments
How much is rent for a Cheap One Bedroom Downtown Pensacola Apartment?
The lowest price for a Cheap One Bedroom Downtown Pensacola Apartment is $1,771 at Southtowne Apartments.
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
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.
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.
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.
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.