
Cheap Homes for Rent in the Perdido Key Neighborhood of Pensacola, FL from $1,795 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Perdido Key area of Pensacola.


5316 Cambria Dr
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.

5308 Cambria Dr

5884 Grotto Ave
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.

5027 Shoshone Dr
Perdido Key, Pensacola, FL Local Guide

How much does it cost to rent a home in Perdido Key?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Perdido Key 2 Bedroom Homes for Rent | $2,436 | $1,795 | $3,000 |
| Perdido Key 3 Bedroom Homes for Rent | $2,396 | $1,900 | $3,500 |
| Perdido Key 4 Bedroom Homes for Rent | $2,547 | $2,095 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Perdido Key Neighborhood of Pensacola, FL.
Explore Pensacola
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 Perdido Key
What type of rentals are currently available in Perdido Key?
There are currently 22 Apartments for Rent in Perdido Key, FL with pricing that ranges from $1,580 to $4,714. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Perdido Key ranging from $1,795 to $3,600.
What is the current price range for Rental Homes in Perdido Key?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Perdido Key ranges from $1,795 to $3,600 with an average monthly rent of $2,434.
How much are larger Three and Four Bedroom Rentals in Perdido Key?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Perdido Key range from $2,417 to $2,789, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $4,707.
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.