Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $700 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Downtown Pensacola area of Pensacola.

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.

Read Article
property at 107 N D St

107 N D St

PensacolaFL32502

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.

Read Article
property at 6 W De Soto St

6 W De Soto St

PensacolaFL32501

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Showing Results 1-24, Page 1 of 1

Downtown Pensacola, Pensacola, FL Local Guide

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. Savoy Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,585. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:

Apartment ListingModel NameBed/BathPriced From
Marina Villas2 Bed 2 Bath2BR,2BA$1,300
Savoy PlaceBelmont2BR,2BA$1,585
Palmilla ApartmentsA21BR,1BA$1,744
Southtowne ApartmentsCaye1BR,1BA$1,811

Best Value Apartments for Rent in Downtown Pensacola, FL

As of December 03, 2025 the best value apartment in the Downtown Pensacola area is the $1.93 price per square foot Belmont Model at Savoy Place in the in the Goulding SE Pensacola neighborhood starting from $1,585. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Savoy PlaceBelmont2BR,2BA$1.93
Marina Villas2 Bed 2 Bath2BR,2BA$1.63
Palmilla ApartmentsA31BR,1BA$2.65
Southtowne ApartmentsPalm1BR,1BA$3.41

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
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Pensacola, Pensacola, FL

Ranked #18

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Downtown Pensacola

What type of rentals are currently available in Downtown Pensacola?

There are currently 77 Apartments for Rent in Downtown Pensacola, FL with pricing that ranges from $1,000 to $4,328. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Pensacola ranging from $799 to $4,000.

What is the current price range for Rental Homes in Downtown Pensacola?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Pensacola ranges from $799 to $4,000 with an average monthly rent of $2,397.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.