Cheap Homes for Rent in Pensacola, FL from $700 (153 Rentals)

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

property at 4400 Lillian Hwy

$700 - $950

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $950

Total Monthly Price
$700 - $950

Studio, 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 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 Mar 1

511 N C St

PensacolaFL32501
property at 6809 Tiki Ln

$975

2 Bedroom, 1 Bath Home for Rent

Available Now

6809 Tiki Ln

PensacolaFL32503
property at 1731 Knight Dr

$995

2 Bedroom, 1 Bath Home for Rent

Available Now

1731 Knight Dr

PensacolaFL32505
property at 2207 Dora Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 2 Bath Home for Rent

Available Now

2207 Dora Dr

PensacolaFL32514

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 151 Boone St

$1,049

1 Bedroom, 1 Bath Condo for Rent

Available Now

151 Boone St

PensacolaFL32505

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.

property at 6810 Tiki Ln

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

2 Bedroom, 1 Bath Townhome for Rent

Available Now

6810 Tiki Ln

PensacolaFL32503
property at 1455 Acorn Ln

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 2 Bath Townhome for Rent

Available Now

1455 Acorn Ln

PensacolaFL32514
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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 10151 Guidy Ln

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Townhome for Rent

Available Now

10151 Guidy Ln

PensacolaFL32514
property at 1007 W Hatton St

$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

1007 W Hatton St

PensacolaFL32501

Navigating 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.

Pensacola, FL Local Guide

Cheapest Neighborhoods for Apartments in Pensacola, FL

Pricing Updated: 02/18/2026

Current apartment rentals in the Pensacola, FL area range in price from $550 to $5,500 with an overall median price of $2,722. The three Pensacola neighborhoods with the lowest median rent pricing are Brownsville South Pensacola at $900, South Pensacola at $900, and West Pensacola at $1,195. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brownsville South Pensacola$1,995$90024
South Pensacola$1,995$90031
West Pensacola$2,024$1,19525
Downtown Pensacola$2,347$79975
Northwest Pensacola$2,350$85065
Bellview West Pensacola$2,412$55089
Brent NW Pensacola$2,595$550161
Ensley$2,595$97595
Ensley N Central Pensacola$2,595$700107
North Central Pensacola$2,595$97544

Cheapest Available Pensacola Apartments for Rent

 

The cheapest available apartment rental in Pensacola, FL is a Studio unit found at West Park Village in the Southwest Pensacola neighborhood priced from $850. Willowbrook in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Pensacola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Park VillageStudioStudio,1BA$850
Willowbrook1x11BR,1BA$899
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$919
The LaurelA11BR,1BA$1,010
Carriage Hills Apartments2x22BR,2BA$1,025
The Landings at Tiger LilySPAZ1BR,1BA$1,037
Lillian Square Apartments1 Bedroom1BR,1BA$1,050
Jasmine Creek Apartments1 BEDROOM/1 BATHROOM1BR,1BA$1,059
Northwoods (C.H.A.M.)1br1BR,1BA$1,075
Bay Oaks Condominiums IThe Lagoon Upgraded1BR,1BA$1,099

Best Value Apartments for Rent in Pensacola, FL

As of February 19, 2026 the best value apartment in the Pensacola area is the $0.96 price per square foot 3/2.5 TH w 1 car garage Model at Three Angels Apartments in the in the Southwest Pensacola neighborhood starting from $1,650. The second greatest value Pensacola apartment is the 2 Bedroom Study Model at Legend at Pine Forest starting at $1,664 with a $1.03 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.
Three Angels Apartments3/2.5 TH w 1 car garage3BR,2.5BA$0.96
Legend at Pine Forest2 Bedroom Study2BR,2BA$1.03
Arbours at Ensley3X23BR,2BA$1.03
Pensacola Grand1 Bedroom1BR,1BA$1.13
Marina SOL3x23BR,2BA$1.20
Parkside Grand1x11BR,1BA$1.19
The Reserve at Pensacola2 Bedroom 1.5 Bathroom2BR,1.5BA$1.25
Village At Southern Oaks2/12BR,1BA$1.11
Willowbrook2x12BR,1BA$1.23
College Vue2BR/2BA - A2BR,2BA$1.15

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 Article
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Pensacola, FL Rentals by Map

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Frequently Asked Questions about Pensacola

What type of rentals are currently available in Pensacola?

There are currently 530 Apartments for Rent in Pensacola, FL with pricing that ranges from $640 to $5,172. There are also 460 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 $1,978.

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 $799 to $4,196, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $640.

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.