Pensacola, FL Rental Market Trends
Last updated: May 13, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Pensacola is $1,457, a 1.1% increase compared to the previous year, when the average rent was $1,441.
One-bedroom apartments provide 710 square feet for $1,330, balancing privacy and affordability.
Two-beedroom units at $1,530 offer 1,012 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,416 sq ft) for $2,021, suitable for larger households.
Average rent in Pensacola, FL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,457 | 886 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,330 | 710 sq. ft. |
| 2 Beds | $1,530 | 1,012 sq. ft. |
| 3 Beds | $2,021 | 1,416 sq. ft. |
Pensacola, FL rent trends
Rental prices in Pensacola, FL have increased by 1.1% over the past year. The average rent moved from $1,441 to $1,457.
What's the typical rent budget in Pensacola, FL?
The largest share of rentals in Pensacola, FL (74%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Pensacola, FL?
8,991 or 36% of the households in Pensacola, FL are renter-occupied while 16,118 or 64% are owner-occupied.
Average Rent in Pensacola, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Pensacola | $2,255 |
How Pensacola Compares to Other Cities
| City | Average Rent |
|---|---|
| Pensacola | $1,457 |
| Jacksonville | $1,504 |
| Cape Coral | $1,708 |
| Miami | $2,770 |
| Kissimmee | $1,804 |
| Tampa | $2,010 |
| Orlando | $1,792 |
| Fort Myers | $1,727 |
| North Port | $1,687 |
| Lakeland | $1,520 |
| Port St. Lucie | $2,125 |
| Mobile, AL | $1,181 |
| Foley, AL | $1,497 |
| Daphne, AL | $1,400 |
| Fort Walton Beach, FL | $1,593 |
| Gulf Shores, AL | $1,399 |
| Fairhope, AL | $1,507 |
| Milton, FL | $1,483 |
| Orange Beach, AL | $1,690 |
| Destin, FL | $1,981 |
| Spanish Fort, AL | $1,551 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Pensacola apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.