Cheap Homes for Rent in Downtown Pensacola Neighborhood of Pensacola, FL from $900 (14 Rentals)

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

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Downtown Pensacola, Pensacola, FL Local Guide

Cheapest Available Downtown Pensacola Apartments for Rent

 

The cheapest available apartment rental in the Downtown Pensacola area of Pensacola, FL is a 1 Bed unit found at Alabaster Gardens - 55+ Community priced from $939. Ashley Club has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,101. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:

Apartment ListingModel NameBed/BathPriced From
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$939
Ashley Club1x1 Large - Bay1BR,1BA$1,101
The Overlook at Pensacola BayB22BR,1BA$1,299
Marina Villas2 Bed 2 Bath2BR,2BA$1,300
Savoy PlaceBelmont2BR,2BA$1,585

Best Value Apartments for Rent in Downtown Pensacola, FL

As of March 30, 2025 the best value apartment in the Downtown Pensacola area is the $3.40 price per square foot B1 Model at Palmilla Apartments in the in the Greater Pensacola neighborhood starting from $3,683. The second greatest value Downtown Pensacola apartment is the B1 Model at The Overlook at Pensacola Bay starting at $1,399 with a $1.70 price per square foot in the Greater Pensacola neighborhood. Here is today’s list of the best values for Downtown Pensacola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Palmilla ApartmentsB12BR,2BA$3.40
The Overlook at Pensacola BayB12BR,1BA$1.70
Savoy PlaceBelmont2BR,2BA$1.90
Marina Villas2 Bed 2 Bath2BR,2BA$1.63
Ashley Club1x1 - Bayou Upgrade1BR,1BA$1.64
Alabaster Gardens - 55+ CommunityOne Bedroom1BR,1BA$1.42
Southtowne ApartmentsPalm1BR,1BA$3.24

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Frequently Asked Questions about Downtown Pensacola

What type of rentals are currently available in Downtown Pensacola?

There are currently 79 Apartments for Rent in Downtown Pensacola, FL with pricing that ranges from $939 to $4,777. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Pensacola ranging from $995 to $5,000.

What is the current price range for Rental Homes in Downtown Pensacola?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Pensacola ranges from $995 to $5,000 with an average monthly rent of $1,943.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.