Cheap Apartments for Rent in Perdido Key, FL from $500 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Perdido Key.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Crow Road
2 Bedroom Apartments

Crow Road

290 Crow RdPensacola, FL 32506
Corporate Housing
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West Park Village
Studio to 2 Bedroom Apartments

West Park Village

4712 W Fairfield DrPensacola, FL 32506
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Morris Court II
1 to 3 Bedroom Apartments

Morris Court II

1200 N M StPensacola, FL 32501
  • Utilities Included

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.

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Belmont
2 Bedroom Apartments

Belmont

2110-2180 Belmont St WPensacola, FL 32505
  • Utilities Included
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Whispering Woods
1 to 2 Bedroom Apartments

Whispering Woods

585 S 72nd AvePensacola, FL 32506
  • Utilities Included
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Marina Villas
1 to 2 Bedroom Apartments

Marina Villas

1275 Mahogany Mill RdPensacola, FL 32507
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Jackson Street
Studio to 2 Bedroom Apartments

Jackson Street

4607 W Jackson StPensacola, FL 32506
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Millwood Apartments
2 Bedroom Apartments

Millwood Apartments

222 Weis LnPensacola, FL 32507
  • Utilities Included

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.

Perdido Key, FL Local Guide

Cheapest Available Perdido Key Apartments for Rent and Nearby

 

The cheapest available apartment rental in Perdido Key, FL is a 1 Bed unit found at The Pines at Warrington in the Southwest Pensacola neighborhood priced from $825. West Park Village in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Perdido Key apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Pines at WarringtonOne Bedroom One Bath1BR,1BA$825
West Park VillageStudioStudio,1BA$850
Willowbrook1x11BR,1BA$899
Lillian Square Apartments1 Bedroom1BR,1BA$950
Marina SOL1x11BR,1BA$999
The LaurelA11BR,1BA$1,010
The Landings at Tiger LilySPAZ1BR,1BA$1,037
Jackson Street2 Bedroom2BR,1BA$1,200
The PresidioB1- Two Bedroom2BR,1BA$1,225
Villa Barcelona (PNS90)2x12BR,1BA$1,241

Best Value Apartments for Rent in Perdido Key, FL and Nearby

As of May 20, 2026 the best value apartment in the Perdido Key area is the $1.25 price per square foot C1- Three Bedroom Model at The Presidio in the in the Southwest Pensacola neighborhood starting from $1,475. The second greatest value Perdido Key apartment is the Waverly Model at Crystal Lake starting at $1,474 with a $1.50 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.
The PresidioC1- Three Bedroom3BR,2.5BA$1.25
Crystal LakeWaverly2BR,2BA$1.50
The Lakes at Nottingham2 Bedroom / 1 Bathroom Gold2BR,1BA$1.47
Villa Barcelona (PNS90)2x12BR,1BA$1.38
Jackson Street2 Bedroom2BR,1BA$1.41
The Pines at WarringtonOne Bedroom One Bath1BR,1BA$1.03
Marina SOL1x11BR,1BA$1.38
The Landings at Tiger LilySPAZ1BR,1BA$1.34
Willowbrook1x11BR,1BA$1.21
Lillian Square Apartments1 Bedroom1BR,1BA$1.46

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $825 at The Pines at Warrington.

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 $975 at The Pines at Warrington.

What is the most affordable Perdido Key Three Bedroom Apartment?

The best deal on a cheap Perdido Key Three Bedroom Apartment rental is at The Pines at Warrington and starts from $1,125.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.