Cheap Homes for Rent in Pensacola, FL from $700 (152 Rentals)

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

property at 535 Amber St

$850

2 Bedroom Rentals

Available Now

535 Amber St

PensacolaFL32503
property at 2 Ellis Dr

$875

1 Bedroom, 1 Bath Home for Rent

Available Now

2 Ellis Dr

PensacolaFL32507

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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property at 10151 Guidy Ln

$950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

10151 Guidy Ln

PensacolaFL32514
property at 10151 Guidy Ln

$950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

10151 Guidy Ln

PensacolaFL32514
property at 10151 Guidy Ln

$950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

10151 Guidy Ln

PensacolaFL32514
property at 1711 N 60th Ave

$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1711 N 60th Ave

PensacolaFL32506

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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property at 151 Boone St

$1,049

1 Bedroom, 1 Bath Condo for Rent

Available Now

151 Boone St

PensacolaFL32505
property at 50 Fulton Ave

$1,075

2 Bedroom, 2 Bath Townhome for Rent

Available Now

50 Fulton Ave

PensacolaFL32503

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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property at 7135 Pearson Rd

$1,075

2 Bedroom, 2 Bath Townhome for Rent

Available Now

7135 Pearson Rd

PensacolaFL32526
property at 6810 Tiki Ln

$1,075

2 Bedroom, 1 Bath Townhome for Rent

Available Now

6810 Tiki Ln

PensacolaFL32503
property at 7116 Pearson Rd

$1,075

2 Bedroom, 2 Bath Townhome for Rent

Available Now

7116 Pearson Rd

PensacolaFL32526
property at 130 E 9 Mile Rd

$1,095

2 Bedroom, 1 Bath Townhome for Rent

Available Now

130 E 9 Mile Rd

PensacolaFL32534

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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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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Showing Results 1-50, Page 1 of 4

Pensacola, FL Local Guide

Cheapest Neighborhoods for Apartments in Pensacola, FL

Pricing Updated: 12/28/2025

Current apartment rentals in the Pensacola, FL area range in price from $650 to $5,500 with an overall median price of $2,837. The three Pensacola neighborhoods with the lowest median rent pricing are Travis Park Hunters Lake at $950, Greater Pensacola at $850, and Outer Southwest Pensacola at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Pensacola Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Travis Park Hunters Lake$2,200$95022
Greater Pensacola$2,250$85044
Outer Southwest Pensacola$2,375$650183
Southwest Pensacola$2,375$650191
Northwest Pensacola$2,447$97551
Bellview West Pensacola$2,495$650102
West Pensacola$2,495$75032
Brent NW Pensacola$2,645$650165
Ensley$2,645$95090
Ensley N Central Pensacola$2,645$85093

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
Lillian Square Apartments1 Bedroom1BR,1BA$950
Marina SOL1x11BR,1BA$999
The LaurelA11BR,1BA$1,010
Carriage Hills Apartments2x22BR,2BA$1,025
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 28, 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
Village At Southern Oaks3/23BR,2BA$0.99
Pensacola Grand1 Bedroom1BR,1BA$1.01
Parkside Grand1x11BR,1BA$1.07
Three Angels Apartments3/2 Unit3BR,2BA$1.19
The PresidioC13BR,2.5BA$1.25
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, 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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Pensacola, FL Apartments Map
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Pensacola, FL Rental Homes Map

Frequently Asked Questions about Pensacola

What type of rentals are currently available in Pensacola?

There are currently 525 Apartments for Rent in Pensacola, FL with pricing that ranges from $625 to $12,590. There are also 479 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pensacola ranging from $750 to $5,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pensacola ranges from $750 to $5,500 with an average monthly rent of $1,864.

How much are larger Three and Four Bedroom Rentals in Pensacola?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pensacola range from $799 to $12,590, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $625.

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!