
Cheap Apartments for Rent in the Perdido Key Neighborhood of Pensacola, FL from $1,580 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Perdido Key area of Pensacola.


Palacio at Perdido

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
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.

15956 Innerarity Point Rd
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 | $1,707 | $1,580 | $1,826 |
| Perdido Key 2 Bedroom Apartments | $2,303 | $1,960 | $3,963 |
| Perdido Key 3 Bedroom Apartments | $2,518 | $2,417 | $2,789 |
| Perdido Key 4 Bedroom Apartments | $4,710 | $4,707 | $4,714 |
Browse Apartments in this Neighborhood
There are currently 7 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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altura at Perdido Key | A3 | 1BR,1BA | $1,777 |
| Santo Amaro | 3 Beds, 2 Baths | 3BR,2BA | $2,800 |
Best Value Apartments for Rent in Perdido Key, FL
As of September 10, 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 A3 Model at Altura at Perdido Key starting at $1,777 with a $2.31 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 |
| Altura at Perdido Key | A3 | 1BR,1BA | $2.31 |
Frequently Asked Questions about Cheap Perdido Key Apartments
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 $1,960 at Altura at Perdido Key.
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.