
Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $900 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Pensacola area of Pensacola.


1322 E Gadsden St

911 N Spring St

1414 E Jordan St

157 E Strong St

2051 W Blount St
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.

1007 W Hatton St

217 W Belmont St

6 W De Soto St

8 Baggett Ct

7 Odess Ln

2407 W Gonzalez St
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.

1005 N 6th Ave

2721 N M St

1000 W Intendencia St

525 W Gregory St

1300 W Intendencia St

916 E Hatton St
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.

312 E Moreno St

711 W Hernandez St
Downtown Pensacola, Pensacola, FL Local Guide

How much does it cost to rent a home in Downtown Pensacola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Pensacola 2 Bedroom Homes for Rent | $2,010 | $975 | $3,350 |
| Downtown Pensacola 3 Bedroom Homes for Rent | $2,139 | $1,200 | $3,600 |
| Downtown Pensacola 4 Bedroom Homes for Rent | $2,785 | $1,995 | $3,950 |
| Downtown Pensacola 5 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Downtown Pensacola Neighborhood of Pensacola, FL.
Explore Pensacola
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 $1,710. 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 |
| Savoy Place | Savoy | 2BR,2BA | $1,710 |
| Palmilla Apartments | S | Studio,1BA | $1,733 |
| Southtowne Apartments | Caye | 1BR,1BA | $1,906 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of January 19, 2026 the best value apartment in the Downtown Pensacola area is the $1.86 price per square foot Savoy Model at Savoy Place in the in the Goulding SE Pensacola neighborhood starting from $1,710. 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. |
|---|---|---|---|
| Savoy Place | Savoy | 2BR,2BA | $1.86 |
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1.63 |
| 320 S K St, Unit B | 320 S K St | 2BR,1BA | $1.84 |
| Southtowne Apartments | Palm | 1BR,1BA | $3.36 |
| Palmilla Apartments | S | Studio ,1BA | $2.95 |
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 $1,150 to $3,349. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Pensacola ranging from $975 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 $975 to $4,000 with an average monthly rent of $2,250.
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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!