Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $900 (20 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.

property at 1414 E Jordan St

$1,000

Studio, 1 Bath Home for Rent

Available Now

1414 E Jordan St

PensacolaFL32503

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.

property at 1007 W Hatton St

$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

1007 W Hatton St

PensacolaFL32501
property at 6 W De Soto St

$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

6 W De Soto St

PensacolaFL32501

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.

property at 525 W Gregory St

$1,400

2 Bedroom, 2 Bath Home for Rent

Available Now

525 W Gregory St

PensacolaFL32502
property at 916 E Hatton St

$1,495

3 Bedroom, 1 Bath Home for Rent

Available Now

916 E Hatton St

PensacolaFL32503

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.

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 ListingModel NameBed/BathPriced From
Marina Villas2 Bed 2 Bath2BR,2BA$1,300
Savoy PlaceSavoy2BR,2BA$1,710
Palmilla ApartmentsSStudio,1BA$1,733
Southtowne ApartmentsCaye1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Savoy PlaceSavoy2BR,2BA$1.86
Marina Villas2 Bed 2 Bath2BR,2BA$1.63
320 S K St, Unit B320 S K St2BR,1BA$1.84
Southtowne ApartmentsPalm1BR,1BA$3.36
Palmilla ApartmentsSStudio ,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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

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!