Cheap Homes for Rent in the Perdido Key Neighborhood of Pensacola, FL from $800 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in the Perdido Key area of Pensacola.

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.

property at 29595 Canal Rd

$2,200

2 Bedroom, 2 Bath Home for Rent

Available Now

29595 Canal Rd

Orange BeachAL36561
property at 4009 Shorewood Dr

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

4 Bedroom, 2 Bath Home for Rent

Available Now

4009 Shorewood Dr

PensacolaFL32507

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.

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 ListingModel NameBed/BathPriced From
Altura at Perdido KeyA21BR,1BA$1,724
San Anton at Lost Key Golf & Beach Club2 Beds, 2 Baths2BR,2BA$2,200
Santo Amaro3 Beds, 2 Baths3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Santo Amaro3 Beds, 2 Baths3BR,2BA$1.61
San Anton at Lost Key Golf & Beach Club2 Beds, 2 Baths2BR,2BA$1.48
Altura at Perdido KeyA51BR,1BA$2.63

Frequently Asked Questions about Perdido Key

What type of rentals are currently available in Perdido Key?

There are currently 19 Apartments for Rent in Perdido Key, FL with pricing that ranges from $1,500 to $6,464. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Perdido Key ranging from $850 to $3,700.

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 $850 to $3,700 with an average monthly rent of $2,229.

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 $2,407 to $2,836, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $5,417.

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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.