
Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $700 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Pensacola area of Pensacola.


814 W Gonzalez St

814 W Gonzalez St

511 N C St

911 N Spring St

320 N Barcelona 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.

2051 W Blount St

217 W Belmont St

1007 W Hatton St

1511 N Davis Hwy

900 N Pace Blvd

14 E Strong 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.

814 W Gonzalez St

1300 E Mallory St

1208 N D St

1106 Doctor M.L.K. Jr Dr

910 N De Villiers St

1300 W Intendencia 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.

1720 E La Rua 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 | $1,810 | $995 | $2,600 |
| Downtown Pensacola 3 Bedroom Homes for Rent | $2,169 | $1,395 | $3,200 |
| Downtown Pensacola 4 Bedroom Homes for Rent | $2,358 | $1,895 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 19 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Savoy Place | Belmont | 2BR,2BA | $1,585 |
| Palmilla Apartments | S | Studio,1BA | $1,629 |
| Southtowne Apartments | Caye | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Savoy Place | Belmont | 2BR,2BA | $1.93 |
| Southtowne Apartments | Palm | 1BR,1BA | $3.06 |
| Palmilla Apartments | S | Studio ,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

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.

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.