
Cheap Homes for Rent in Pensacola, FL from $700 (83 Rentals)
Search the lowest-cost Homes available for rent right now in Pensacola.


555 N 68th Ave

2000 Elaine Cir, Unit 4 - Room

4400 Lillian Hwy

6 Ruffin Cir

911 N Spring St

7318 Hayward Ave

852 Garnet St

535A S 61st Ave

517 S 61st Ave
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.

191 E Oakfield Rd

6398 W Fairfield Dr

547 S 61st Ave

6801 Tiki Ln

6801 Tiki Ln

501 E Burgess Rd

6 Ruffin Cir

6 Clyde St

10844 US-98

398 N Green St
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.

3161 muldoon rd

10151 Guidy Ln

509 Palomar Dr

10151 Guidy Ln

8561 San Miguel Calzada

8210 Kipling St

8676 Sharon Ln

7225 W Fairfield Dr

916 Twinbrook Ave

6427 Lanier Dr
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.

313 N Navy Blvd

2 Nevada Cir

1106 Doctor M.L.K. Jr Dr

217 Carys Ln

Furnished Studio-Pensacola - Northwest

8390 Country Walk Dr

9345 Chisholm Rd

50 Fulton Ave, Unit 50 Fulton Ave F21

6831 Tiki Ln

4235 Brookside Dr
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.

510 Gordon Ave

501 S Edgewood Cir

Furnished Studio-Pensacola - Northeast

7022 Chapel St

710 Scenic Hwy

201 S Stillman St

Unit

8136 Heirloom Dr

8510 Pond Ave

9221 Beatrice Rd
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.
Pensacola, FL Local Guide

How much does it cost to rent a home in Pensacola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pensacola 2 Bedroom Homes for Rent | $1,428 | $910 | $3,000 |
| Pensacola 3 Bedroom Homes for Rent | $1,916 | $995 | $3,500 |
| Pensacola 4 Bedroom Homes for Rent | $2,235 | $1,600 | $3,600 |
| Pensacola 5 Bedroom Homes for Rent | $2,600 | $2,450 | $2,750 |
| Pensacola 6 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Top Homes for Rent in Pensacola
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Pensacola, FL Local Guide
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Cheapest Neighborhoods for Apartments in Pensacola, FL
Pricing Updated: 09/07/2026Current apartment rentals in the Pensacola, FL area range in price from $669 to $5,815 with an overall median price of $1,630. The three Pensacola neighborhoods with the lowest median rent pricing are Brownsville South Pensacola at $1,225, South Pensacola at $1,225, and Greater Pensacola at $1,254. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Brownsville South Pensacola | $1,225 | $900 | 3 |
| South Pensacola | $1,225 | $900 | 3 |
| Greater Pensacola | $1,254 | $1,115 | 10 |
| Southeast Pensacola | $1,293 | $941 | 25 |
| Northeast Pensacola | $1,340 | $941 | 50 |
| Ferry Pass | $1,423 | $669 | 203 |
| Airport NE Pensacola | $1,425 | $669 | 136 |
| Outer Southwest Pensacola | $1,495 | $950 | 126 |
| Southwest Pensacola | $1,495 | $950 | 126 |
| Travis Park Hunters Lake | $1,495 | $669 | 38 |
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. West Park Village in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Pensacola apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arbours at Ensley | 3X2 | 3BR,2BA | $790 |
| West Park Village | Studio | Studio,1BA | $850 |
| Marina Sol | 1x1 | 1BR,1BA | $999 |
| Alabaster Gardens - 55+ Community | One Bedroom | 1BR,1BA | $1,002 |
| Bay Oaks Condominiums I | The Lagoon Upgraded | 1BR,1BA | $1,015 |
| The Landings at Tiger Lily | SPAZ | 1BR,1BA | $1,037 |
| 161 Strong St | 2 Beds, 1 Baths | 2BR,1BA | $1,050 |
| Jasmine Creek Apartments | 1 BEDROOM/1 BATHROOM | 1BR,1BA | $1,059 |
| Ember Ridge Apartments | 1x1 Bearcat | 1BR,1BA | $1,099 |
| Acasa Crestview at Cordova | 1 Bed 1 Bath | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Pensacola, FL
As of September 07, 2026 the best value apartment in the Pensacola area is the $0.97 price per square foot 3x2 Model at Parkside Grand in the in the North Central Pensacola neighborhood starting from $1,799. The second greatest value Pensacola apartment is the 3/2.5 TH w 1 car garage Model at Three Angels Apartments starting at $1,625 with a $0.94 price per square foot in the Southwest Pensacola neighborhood. Here is today’s list of the best values for Pensacola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside Grand | 3x2 | 3BR,2BA | $0.97 |
| Three Angels Apartments | 3/2.5 TH w 1 car garage | 3BR,2.5BA | $0.94 |
| Legend at Pine Forest | 2 Bedroom Study | 2BR,2BA | $1.18 |
| The Next | Santa Rosa | 4BR,4BA | $0.56 |
| Pensacola Grand | 1 Bedroom | 1BR,1BA | $1.18 |
| The Pines at Warrington | Three Bedroom Two Bath | 3BR,2BA | $1.24 |
| Village At Southern Oaks | 2/1 | 2BR,1BA | $1.25 |
| Arbours at Ensley | 1X1 | 1BR,1BA | $1.14 |
| 161 Strong St | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| College Vue | 2BR/2BA - A | 2BR,2BA | $1.18 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Pensacola, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Pensacola, FL Rentals by Map
See the most popular apartments and homes in Pensacola, FL
Frequently Asked Questions about Pensacola
What type of rentals are currently available in Pensacola?
There are currently 553 Apartments for Rent in Pensacola, FL with pricing that ranges from $669 to $5,793. There are also 228 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pensacola ranging from $700 to $5,500.
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 $5,500 with an average monthly rent of $1,734.
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 $5,793, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $669.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.