Cheap Apartments for Rent near Perdido Key, FL from $500 (38 Rentals)

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

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.

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Southtowne Apartments
Rent Specials
$1,660 - $3,731
Total Monthly Price

Total Monthly Price

Base Rent
$1,660 - $3,731
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Southtowne Apartments

101 E Romana StPensacola, FL 32502
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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.

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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
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Belmont
2 Bedroom Apartments

Belmont

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

Whispering Woods

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

Marina Villas

1275 Mahogany Mill RdPensacola, FL 32507
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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Villas West
Studio to 2 Bedroom Apartments

Villas West

9 Villa DrPensacola, FL 32506
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Angel Cove
1 to 3 Bedroom Apartments

Angel Cove

9890 N Loop RdPensacola, FL 32507
Corporate Housing

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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property at 1005 Antigua Cir

$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

1005 Antigua Cir

PensacolaFL32506
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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 Studio unit found at West Park Village in the Southwest Pensacola neighborhood priced from $850. Lillian Square Apartments in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Perdido Key apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Park VillageStudioStudio,1BA$850
Lillian Square Apartments1 Bedroom1BR,1BA$950
The Pines at WarringtonTwo Bedroom Two Bath2BR,2BA$964
Marina Sol1x11BR,1BA$999
The LaurelA11BR,1BA$1,010
Willowbrook2x12BR,1BA$1,050
Ember Ridge Apartments1x1B1BR,1BA$1,099
Jackson Street2 Bedroom2BR,1BA$1,200
The PresidioB1- Two Bedroom2BR,1BA$1,225
The Landings at Tiger LilySPBZ2BR,2BA$1,233

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

As of July 22, 2026 the best value apartment in the Perdido Key area is the $1.48 price per square foot 2 Beds, 2 Baths Model at San Anton at Lost Key Golf & Beach Club in the in the Southwest Pensacola neighborhood starting from $2,200. The second greatest value Perdido Key apartment is the C1- Three Bedroom Model at The Presidio starting at $1,475 with a $1.25 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.
San Anton at Lost Key Golf & Beach Club2 Beds, 2 Baths2BR,2BA$1.48
The PresidioC1- Three Bedroom3BR,2.5BA$1.25
Hunters Pointe2B - Willow2BR,2BA$1.33
The Landings at Tiger LilySPBZ2BR,2BA$1.20
Whispering WoodsTwo Bedroom One Bath2BR,1BA$1.33
Willowbrook2x12BR,1BA$1.12
Lillian Square Apartments2 Bedroom2BR,1BA$1.41
Jackson Street2 Bedroom2BR,1BA$1.41
Marina Sol1x11BR,1BA$1.28
The LaurelA11BR,1BA$1.51

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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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!

Explore Perdido Key, FL Rentals by Map

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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 $950 at Lillian Square 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 $964 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 Laurel and starts from $1,360.

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.

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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.