911 N Spring St
PensacolaFL32501
Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $900 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Pensacola area of Pensacola.
308 E Strong St
PensacolaFL32501
2051 W Blount St
PensacolaFL32501
2601 W Belmont St
PensacolaFL32505
320 N Barcelona St
PensacolaFL32501
161 E Strong St
PensacolaFL32501
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.
2303 W Brainerd St
PensacolaFL32505
1416 N 6th Ave
PensacolaFL32503
1105 W Strong St
PensacolaFL32501
2101 W Romana St
PensacolaFL32502
1720 E La Rua St
PensacolaFL32501
2615 W Jackson St
PensacolaFL32505
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.
1106 Doctor M.L.K. Jr Dr
PensacolaFL32503
2710 E Gonzalez St
PensacolaFL32503
1717 W Government St
PensacolaFL32502
1702 E La Rua St
PensacolaFL32501
2517 N 7th Ave
PensacolaFL32503
224 E Garden 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.
Showing Results 1-18, Page 1 of 1
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 | $1,616 | $925 | $2,450 |
| Downtown Pensacola 3 Bedroom Homes for Rent | $2,186 | $1,150 | $3,800 |
| Downtown Pensacola 4 Bedroom Homes for Rent | $2,373 | $1,995 | $2,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Pensacola Neighborhood of Pensacola, FL.
Explore 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1,300 |
| Savoy Place | Belmont | 2BR,2BA | $1,585 |
| Southtowne Apartments | Caye | 1BR,1BA | $1,688 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of April 21, 2026 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Savoy Place | Belmont | 2BR,2BA | $1.93 |
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1.63 |
| Southtowne Apartments | Palm | 1BR,1BA | $2.81 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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 ArticleCash 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 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.
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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 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 $1,450 to $3,816. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Pensacola ranging from $925 to $3,800.
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 $925 to $3,800 with an average monthly rent of $2,033.
How much are larger Three and Four Bedroom Rentals in Downtown Pensacola?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Pensacola range from $1,450 to $3,816, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,150.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.