Cheap Homes for Rent in Pensacola, FL from $700 (120 Rentals)

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

property at 555 N 68th Ave

$700 - $975

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $975

Total Monthly Price
$700 - $975

1 Bedroom, 1 Bath Home for Rent

Available Now

555 N 68th Ave

PensacolaFL32506
property at 4400 Lillian Hwy

$750 - $950

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $950

Total Monthly Price
$750 - $950

Studio, 1 Bath Home for Rent

Available Now

4400 Lillian Hwy

PensacolaFL32506
property at 2 Ellis Dr

$875

1 Bedroom, 1 Bath Home for Rent

Available Now

2 Ellis Dr

PensacolaFL32507
property at 606 Elizabeth St

$895

2 Bedroom, 1 Bath Home for Rent

Available Now

606 Elizabeth St

PensacolaFL32507

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 10151 Guidy Ln

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Townhome for Rent

Available Now

10151 Guidy Ln

PensacolaFL32514
property at 10151 Guidy Ln

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Townhome for Rent

Available Now

10151 Guidy Ln

PensacolaFL32514
property at 4400 Lillian Hwy

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

4400 Lillian Hwy

PensacolaFL32506

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 1511 N Davis Hwy

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1511 N Davis Hwy, Unit A

1511 N Davis Hwy
PensacolaFL32503
property at 5207 Charbar Dr

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5207 Charbar Dr

PensacolaFL32526
property at 5409 E Shore Dr

$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

5409 E Shore Dr

PensacolaFL32505
property at 1218 N Kirk St

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

2 Bedroom, 1 Bath Home for Rent

Available Now

1218 N Kirk St

PensacolaFL32505

Cash 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.

property at 852 Garnet St

$1,150

3 Bedroom, 1.5 Bath Home for Rent

Available Now

852 Garnet St

PensacolaFL32505
property at 4630 Bellview Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 2 Bath Townhome for Rent

Available Now

4630 Bellview Ave

PensacolaFL32526

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 718 Mills Ave

$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

718 Mills Ave

PensacolaFL32507
property at 681 Teleran St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

681 Teleran St

PensacolaFL32534

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.

Pensacola, FL Local Guide

Cheapest Neighborhoods for Apartments in Pensacola, FL

Pricing Updated: 07/05/2026

Current apartment rentals in the Pensacola, FL area range in price from $720 to $17,592 with an overall median price of $5,714. The three Pensacola neighborhoods with the lowest median rent pricing are West Pensacola at $1,350, Ferry Pass at $720, and Travis Park Hunters Lake at $720. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
West Pensacola$1,600$1,3502
Ferry Pass$1,695$720199
Travis Park Hunters Lake$1,719$72035
Airport NE Pensacola$1,765$720128
Ensley N Central Pensacola$1,800$749219
Northeast Pensacola$1,954$94058
Ensley$2,144$720301
Northwest Pensacola$2,144$1,200236
North Central Pensacola$2,300$79037
Perdido Key$2,661$1,39513

Cheapest Available Pensacola Apartments for Rent

 

The cheapest available apartment rental in Pensacola, FL is a 3 Beds unit found at Arbours at Ensley in the North Central Pensacola neighborhood priced from $790. Acasa Cordova Regency in the Greater Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here is today’s list of the most affordable Pensacola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbours at Ensley3X23BR,2BA$790
Acasa Cordova Regency1 B1BR,1BA$940
Lillian Square Apartments1 Bedroom1BR,1BA$950
The Pines at WarringtonTwo Bedroom Two Bath2BR,2BA$975
161 Strong St2 Beds, 1 Baths2BR,1BA$995
Marina Sol1x11BR,1BA$999
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$1,002
The LaurelA11BR,1BA$1,010
The Landings at Tiger LilySPAZ1BR,1BA$1,037
Willowbrook2x12BR,1BA$1,050

Best Value Apartments for Rent in Pensacola, FL

As of July 05, 2026 the best value apartment in the Pensacola area is the $1.05 price per square foot 3x2 Model at Parkside Grand in the in the North Central Pensacola neighborhood starting from $1,950. The second greatest value Pensacola apartment is the 2 Bedroom Study Model at Legend at Pine Forest starting at $1,860 with a $1.15 price per square foot in the Northwest Pensacola neighborhood. Here is today’s list of the best values for Pensacola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside Grand3x23BR,2BA$1.05
Legend at Pine Forest2 Bedroom Study2BR,2BA$1.15
Pensacola Grand2 Bedroom Deluxe2BR,2BA$1.18
College Vue4BR/4BA - A4BR,4BA$0.56
Arbours at Ensley3X23BR,2BA$0.61
The Pines at WarringtonTwo Bedroom Two Bath2BR,2BA$0.94
Bay Oaks Condominiums IThe Gulf Full Upgrade2BR,2BA$1.13
Willowbrook2x12BR,1BA$1.12
Lillian Square Apartments1 Bedroom1BR,1BA$1.19
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Pensacola

What type of rentals are currently available in Pensacola?

There are currently 532 Apartments for Rent in Pensacola, FL with pricing that ranges from $720 to $17,592. There are also 344 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pensacola ranging from $700 to $4,250.

What is the current price range for Rental Homes in Pensacola?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pensacola ranges from $700 to $4,250 with an average monthly rent of $1,846.

How much are larger Three and Four Bedroom Rentals in Pensacola?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pensacola range from $790 to $6,183, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $720.

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 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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.