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from $1,778Studio to 3 Bedroom Apartments Available Now
Palmilla Apartments
51 S Coyle StPensacola, FL 32502
Cheap Apartments for Rent in the Downtown Pensacola Neighborhood of Pensacola, FL from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Pensacola area of Pensacola.
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from $1,579Studio to 3 Bedroom Apartments Available Now
Southtowne Apartments
101 E Romana StPensacola, FL 32502
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from $1,1501 to 2 Bedroom Apartments Available Now
Marina Villas
1275 Mahogany Mill RdPensacola, FL 32507
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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.
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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.
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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 | $1,803 | $1,579 | $2,054 |
| Downtown Pensacola 1 Bedroom Apartments | $2,321 | $1,150 | $5,400 |
| Downtown Pensacola 2 Bedroom Apartments | $2,460 | $1,175 | $3,169 |
| Downtown Pensacola 3 Bedroom Apartments | $2,908 | $1,720 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 12 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
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Cheapest Available Downtown Pensacola Apartments for Rent
The cheapest available apartment rental in the Downtown Pensacola area of Pensacola, FL is a 2 Beds unit found at Marina Villas priced from $1,300. Southtowne Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,833. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1,300 |
| Southtowne Apartments | Caye | 1BR,1BA | $1,833 |
| Palmilla Apartments | A2 | 1BR,1BA | $1,922 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of June 20, 2025 the best value apartment in the Downtown Pensacola area is the $1.63 price per square foot 2 Bed 2 Bath Model at Marina Villas in the in the Southwest Pensacola neighborhood starting from $1,300. The second greatest value Downtown Pensacola apartment is the A2 Model at Palmilla Apartments starting at $1,922 with a $2.65 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. |
|---|---|---|---|
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1.63 |
| Palmilla Apartments | A2 | 1BR,1BA | $2.65 |
| Southtowne Apartments | Caye | 1BR,1BA | $2.90 |
Quick Rent Budget Calculator
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Getting Around the Downtown Pensacola Neighborhood in Pensacola, FL
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Pensacola Apartments
What is the price of a cheap apartment in Downtown Pensacola?
The cheapest apartment in Downtown Pensacola is Southtowne Apartments which is listed at $1,808, while the average apartment in Downtown Pensacola costs $3,100.
What types of apartments are the cheapest in Downtown 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 10 regular apartments in Downtown 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 Downtown Pensacola?
Cheap apartments in Downtown Pensacola have an average cost of $142 which is $2,958 cheaper than the average rent for all rentals in Downtown 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.
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.
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.
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.
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.