Cheap Apartments for Rent in Pensacola, FL from $400 (61 Rentals)

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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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Palafox Landing
2 to 3 Bedroom Apartments

Palafox Landing

7220 N Palafox StPensacola, FL 32503
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Crow Road
2 Bedroom Apartments

Crow Road

290 Crow RdPensacola, FL 32506
Corporate Housing
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Villas West
2 Bedroom Apartments

Villas West

12 Villa DrPensacola, FL 32506
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Broadview Oaks
Studio to 2 Bedroom Apartments

Broadview Oaks

6101 College PkyPensacola, FL 32504
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Villa Barcelona
Studio to 2 Bedroom Apartments

Villa Barcelona

220 Chase StPensacola, FL 32502
  • Utilities Included
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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 Gardens
1 Bedroom Apartments

Belmont Gardens

222 W Belmont StPensacola, FL 32501
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Belmont
2 Bedroom Apartments

Belmont

2110-2180 Belmont St WPensacola, FL 32505
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Pensacola, FL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Pensacola, FL

Pricing Updated: 12/29/2025

Current apartment rentals in the Pensacola, FL area range in price from $625 to $12,610 with an overall median price of $2,359. The three Pensacola neighborhoods with the lowest median rent pricing are West Pensacola at $1,250, Ferry Pass at $625, and Airport NE Pensacola at $625. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
West Pensacola$1,450$1,2503
Ferry Pass$1,691$625349
Airport NE Pensacola$1,697$625245
Ensley N Central Pensacola$1,777$719324
Southeast Pensacola$1,810$939106
North Central Pensacola$1,815$1,05046
Greater Pensacola$1,854$1,04969
Northeast Pensacola$1,854$939146
Ensley$2,047$625326
Northwest Pensacola$2,047$1,095256

Cheapest Available Pensacola Apartments for Rent

 

The cheapest available apartment rental in Pensacola, FL is a Studio unit found at West Park Village in the Southwest Pensacola neighborhood priced from $850. Willowbrook in the Southwest Pensacola neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Pensacola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Park VillageStudioStudio,1BA$850
Willowbrook1x11BR,1BA$899
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$919
Marina SOL1x11BR,1BA$999
The LaurelA11BR,1BA$1,010
Carriage Hills Apartments2x22BR,2BA$1,025
Lillian Square Apartments1 Bedroom1BR,1BA$1,050
Briarwood Rental Homes1 Bed 1 Bath1BR,1BA$1,078
The PapillonA11BR,1BA$1,099
Bay Oaks Condominiums IThe Lagoon Upgraded1BR,1BA$1,099

Best Value Apartments for Rent in Pensacola, FL

As of December 29, 2025 the best value apartment in the Pensacola area is the $1.17 price per square foot The Cali Model at Rock Ridge Estates in the in the Cantonement neighborhood starting from $2,092. The second greatest value Pensacola apartment is the 2 Bedroom Study Model at Legend at Pine Forest starting at $1,660 with a $1.02 price per square foot in the Northwest Pensacola neighborhood. Here is today’s list of the best values for Pensacola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rock Ridge EstatesThe Cali4BR,2BA$1.17
Legend at Pine Forest2 Bedroom Study2BR,2BA$1.02
Pensacola Grand3 Bedroom3BR,2BA$1.10
Village At Southern Oaks3/23BR,2BA$1.10
Arbours at Ensley3X23BR,2BA$0.95
Parkside Grand1x11BR,1BA$1.08
Three Angels Apartments3/2 Unit3BR,2BA$1.19
The Landings at Tiger LilySPB602BR,2BA$1.20
Willowbrook2x12BR,1BA$1.23
College Vue2BR/2BA - A2BR,2BA$1.15

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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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Pensacola Overview

In a seaport city that connects to the gorgeous Gulf of Mexico, Pensacola apartments are considered by many to be among some of the most desirable in all of the Florida panhandle region. Boasting the 'Whitest Sand Beaches in the World', this seaside hotspot effortlessly combines amenities and cultural relevance in equal measure.

Why live in Pensacola, FL?

Home to a number of scenic state parks, including the heralded Blue Lagoon Park, apartments in Pensacola have been on the rise in popularity for years. With a large number of retail and tourism-based jobs in the vicinity, this growing hot spot is a great place for families as well as young professionals to call home. From the excitement of the thriving downtown district to the quaint beach side shops and eateries that cater to the visitors, Pensacola is a gem of the Florida scene.

Pensacola, FL
Population: 52,713

Ranked #743

in US Census Population by City

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Pet Friendly Lifestyle
Pensacola, FL

Ranked #17

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Pensacola, FL

School data provided by Great Schools

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

Explore Pensacola, FL Rentals by Map

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See the most popular apartments and homes in Pensacola, FL

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Frequently Asked Questions about Cheap Pensacola Apartments

What is a cheap apartment in Pensacola?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pensacola is under $1,099.

What is the price of a cheap apartment in Pensacola?

The cheapest apartment in Pensacola is Willowbrook which is listed at $899, while the average apartment in Pensacola costs $2,359.

What types of apartments are the cheapest in Pensacola?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 166 regular apartments in Pensacola that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Pensacola?

Cheap apartments in Pensacola have an average cost of $444 which is $1,915 cheaper than the average rent for all rentals in Pensacola.

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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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!