
Cheap Homes for Rent in Perdido Key Neighborhood of Pensacola, FL from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Perdido Key area of Pensacola.


5295 Balfour Pl

5287 Balfour Pl
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.

13500 Sandy Key Dr

13944 River Rd

5446 Ponte Verde Cove
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.

5415 Arrowhead Rd
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 | $2,406 | $1,395 | $3,375 |
| Perdido Key 3 Bedroom Homes for Rent | $2,635 | $1,800 | $5,500 |
| Perdido Key 4 Bedroom Homes for Rent | $2,809 | $2,025 | $3,800 |
Browse Homes for Rent 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.
Explore Pensacola
Cheapest Available Perdido Key Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altura at Perdido Key | A2 | 1BR,1BA | $1,544 |
Best Value Apartments for Rent in Perdido Key, FL
As of January 03, 2026 the best value apartment in the Perdido Key area is the $1.82 price per square foot 5802 Monterey Ave Model at 5802 Monterey Ave, Unit Downstairs in the in the Southwest Pensacola neighborhood starting from $1,600. The second greatest value Perdido Key apartment is the A3 Model at Altura at Perdido Key starting at $1,724 with a $2.24 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. |
|---|---|---|---|
| 5802 Monterey Ave, Unit Downstairs | 5802 Monterey Ave | 2BR,1BA | $1.82 |
| Altura at Perdido Key | A3 | 1BR,1BA | $2.24 |
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 $1,544 to $12,710. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Perdido Key ranging from $1,395 to $5,500.
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 $1,395 to $5,500 with an average monthly rent of $2,386.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!