Cheap Apartments for Rent in the Greater Pensacola Neighborhood of Pensacola, FL from $700 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Greater Pensacola area of Pensacola.

property at 3000 Torres Ave

$775 - $1,295

Studio To 2 Bedroom Rentals

Available Now

3000 Torres Ave

PensacolaFL32503
property at 1301 N 6th Ave

$1,281

3 Bedroom, 1 Bath Rentals

Available Now

Unit

1301 N 6th Ave
PensacolaFL32503

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 890 Royce St

$1,295

2 Bedroom Rentals

Available Aug 28

890 Royce St

PensacolaFL32503
property at 824 Royce St

$1,295

2 Bedroom Rentals

Available Aug 10

824 Royce St

PensacolaFL32503
property at 538 Royce St

$1,350

2 Bedroom Rentals

Available Now

538 Royce St

PensacolaFL32503
property at 2904 Berwick St

$1,471

Total Monthly Price

Total Monthly Price

Base Rent
$1,471

Total Monthly Price
$1,471

1 Bedroom, 1 Bath Home for Rent

Available Aug 31

2904 Berwick St

PensacolaFL32503

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Morris Court II
1 to 3 Bedroom Apartments

Morris Court II

1200 N M StPensacola, FL 32501
  • Utilities Included
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Fairfield Manor
1 to 2 Bedroom Apartments

Fairfield Manor

3390 West Park PlPensacola, FL 32501
Senior Living
  • Utilities Included
property at 1016 W Maxwell St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1016 W Maxwell St

PensacolaFL32501

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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.

property at 3411 W Yonge St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

3 Bedroom, 2 Bath Home for Rent

Available Now

3411 W Yonge St

PensacolaFL32505

Greater Pensacola, Pensacola, FL Local Guide

Cheapest Available Greater Pensacola Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Acasa Cordova Regency1 B1BR,1BA$940
Courtyard Apartments at CordovaTwo Bedroom2BR,1BA$1,145

Best Value Apartments for Rent in Greater Pensacola, FL

As of August 04, 2026 the best value apartment in the Greater Pensacola area is the $1.31 price per square foot Two Bedroom Model at Courtyard Apartments at Cordova in the in the Greater Pensacola neighborhood starting from $1,145. The second greatest value Greater Pensacola apartment is the 1 B Model at Acasa Cordova Regency starting at $940 with a $1.21 price per square foot in the Greater Pensacola neighborhood. Here is today’s list of the best values for Greater Pensacola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Courtyard Apartments at CordovaTwo Bedroom2BR,1BA$1.31
Acasa Cordova Regency1 B1BR,1BA$1.21

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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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Frequently Asked Questions about Cheap Greater Pensacola Apartments

What is the lowest price for a Cheap Two Bedroom Greater Pensacola Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Greater Pensacola is starting from $1,103 at Acasa Cordova Regency.

What is the most affordable Greater Pensacola Three Bedroom Apartment?

The best deal on a cheap Greater Pensacola Three Bedroom Apartment rental is at Acasa Cordova Regency and starts from $1,275.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.