
Cheap Apartments for Rent in the Perdido Key Neighborhood of Pensacola, FL from $1,500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Perdido Key area of Pensacola.


Palacio at Perdido

Sailmaker's Place

SeaSpray Perdido Key

LA Playa
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.

La Serena Condos on Perdido Key

13700 Perdido Key Dr

17357 Perdido Key Dr

Snug Harbour Condos

14391 Perdido Key Dr
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.

San Anton at Lost Key Golf & Beach Club

16313 Perdido Key Dr

16769 Perdido Key Dr

Harbour Pointe

15956 Innerarity Point Rd
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.

Phoenix X Condominiums
Perdido Key, Pensacola, FL Local Guide

How much does it cost to rent an apartment in Perdido Key?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Perdido Key 1 Bedroom Apartments | $1,835 | $1,734 | $1,996 |
| Perdido Key 2 Bedroom Apartments | $2,865 | $1,500 | $5,394 |
| Perdido Key 3 Bedroom Apartments | $2,611 | $2,407 | $2,836 |
| Perdido Key 4 Bedroom Apartments | $5,940 | $5,417 | $6,464 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Perdido Key Neighborhood of Pensacola, FL.
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Cheapest Available Perdido Key Apartments for Rent
 The cheapest available apartment rental in the Perdido Key area of Pensacola, FL is a 1 Bed unit found at Altura at Perdido Key priced from $1,724. San Anton at Lost Key Golf & Beach Club has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,200. Here are the most affordable Perdido Key apartments for rent in Pensacola, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altura at Perdido Key | A2 | 1BR,1BA | $1,724 |
| San Anton at Lost Key Golf & Beach Club | 2 Beds, 2 Baths | 2BR,2BA | $2,200 |
| Santo Amaro | 3 Beds, 2 Baths | 3BR,2BA | $2,800 |
Best Value Apartments for Rent in Perdido Key, FL
As of July 27, 2026 the best value apartment in the Perdido Key area is the $1.61 price per square foot 3 Beds, 2 Baths Model at Santo Amaro in the in the Southwest Pensacola neighborhood starting from $2,800. The second greatest value Perdido Key apartment is the 2 Beds, 2 Baths Model at San Anton at Lost Key Golf & Beach Club starting at $2,200 with a $1.48 price per square foot in the Southwest Pensacola neighborhood. Here is today’s list of the best values for Perdido Key apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Santo Amaro | 3 Beds, 2 Baths | 3BR,2BA | $1.61 |
| San Anton at Lost Key Golf & Beach Club | 2 Beds, 2 Baths | 2BR,2BA | $1.48 |
| Altura at Perdido Key | A5 | 1BR,1BA | $2.63 |
Frequently Asked Questions about Cheap Perdido Key Apartments
How much is rent for a Cheap One Bedroom Perdido Key Apartment?
The lowest price for a Cheap One Bedroom Perdido Key Apartment is $1,724 at Altura at Perdido Key.
What is the lowest price for a Cheap Two Bedroom Perdido Key Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Perdido Key is starting from $2,200 at San Anton at Lost Key Golf & Beach Club.
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.

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.

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.

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.