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Savoy Place
300 Blk N Devilliers StPensacola, FL 32501
Cheap Apartments for Rent in the Downtown Pensacola Neighborhood of Pensacola, FL from $900 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Pensacola area of Pensacola.
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Rent Specials
$1,712 - $3,816
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,712 - $3,816
Total Monthly Price
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Southtowne Apartments
101 E Romana StPensacola, FL 32502
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3 Bedroom Apartments
701 S Palafox St
701 S Palafox StPensacola, FL 32502
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1 Bedroom Apartments
711 W Blount St
711 W Blount StPensacola, FL 32501
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Studio Apartments
512 C St
512 C StPensacola, FL 32501
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2 Bedroom Apartments
92 W Gadsden Fld
92 W Gadsden FldPensacola, FL 32501
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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1 to 2 Bedroom Apartments
Marina Villas
1275 Mahogany Mill RdPensacola, FL 32507
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1 to 2 Bedroom Apartments
The Altair Senior Apartment Living
1810 W Cervantes StPensacola, FL 32501
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1 Bedroom Apartments
Carlieanna Garden Apartments
1103 N 15th AvePensacola, FL 32501
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1 Bedroom Apartments
Morris Court III
1301 N M StPensacola, FL 32501
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1 to 3 Bedroom Apartments
Morris Court II
1200 N M StPensacola, FL 32501
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Studio to 2 Bedroom Apartments
Villa Barcelona (PNS90)
220 Chase StPensacola, FL 32502
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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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 | $1,792 | $1,712 | $2,211 |
| Downtown Pensacola 1 Bedroom Apartments | $1,913 | $1,749 | $2,535 |
| Downtown Pensacola 2 Bedroom Apartments | $2,466 | $1,750 | $3,027 |
| Downtown Pensacola 3 Bedroom Apartments | $2,858 | $1,400 | $3,816 |
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
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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 Villa Barcelona (PNS90) priced from $1,241. Marina Villas has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,300. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Barcelona (PNS90) | 2x1 | 2BR,1BA | $1,241 |
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1,300 |
| Southtowne Apartments | Caye | 1BR,1BA | $1,749 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of May 28, 2026 the best value apartment in the Downtown Pensacola area is the $1.38 price per square foot 2x1 Model at Villa Barcelona (PNS90) in the in the Goulding SE Pensacola neighborhood starting from $1,241. The second greatest value Downtown Pensacola apartment is the 2 Bed 2 Bath Model at Marina Villas starting at $1,300 with a $1.63 price per square foot in the Southwest 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. |
|---|---|---|---|
| Villa Barcelona (PNS90) | 2x1 | 2BR,1BA | $1.38 |
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1.63 |
| Southtowne Apartments | Palm | 1BR,1BA | $2.82 |
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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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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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 $1,749 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.
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.