Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $700 (19 Rentals)

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

property at 511 N C St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

511 N C St

PensacolaFL32501

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

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

1007 W Hatton St

PensacolaFL32501
property at 1511 N Davis Hwy

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Mar 13

1511 N Davis Hwy

PensacolaFL32503

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.

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 Savoy Place priced from $1,585. Palmilla Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,629. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:

Apartment ListingModel NameBed/BathPriced From
Savoy PlaceBelmont2BR,2BA$1,585
Palmilla ApartmentsSStudio,1BA$1,629
Southtowne ApartmentsCaye1BR,1BA$1,836

Best Value Apartments for Rent in Downtown Pensacola, FL

As of March 06, 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 Palm Model at Southtowne Apartments starting at $1,962 with a $3.06 price per square foot in the Goulding SE 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
Southtowne ApartmentsPalm1BR,1BA$3.06
Palmilla ApartmentsSStudio ,1BA$2.77

Frequently Asked Questions about Downtown Pensacola

What type of rentals are currently available in Downtown Pensacola?

There are currently 78 Apartments for Rent in Downtown Pensacola, FL with pricing that ranges from $1,095 to $3,165. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Pensacola ranging from $799 to $3,200.

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 $3,200 with an average monthly rent of $1,931.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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.