Downtown Pensacola, Pensacola, FL Rental Market Trends
Last updated: April 14, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Pensacola is $2,243, a 4.13% decrease compared to the previous year, when the average rent was $2,340.
One-bedroom apartments provide 706 square feet for $1,999, balancing privacy and affordability.
Two-beedroom units at $2,472 offer 1,085 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,428 sq ft) for $3,071, suitable for larger households.
Average rent in Downtown Pensacola, Pensacola, FL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,243 | 902 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,999 | 706 sq. ft. |
| 2 Beds | $2,472 | 1,085 sq. ft. |
| 3 Beds | $3,071 | 1,428 sq. ft. |
Downtown Pensacola, Pensacola, FL rent trends
Rental prices in Downtown Pensacola, Pensacola, FL have decreased by 4.13% over the past year. The average rent moved from $2,340 to $2,243.
What's the typical rent budget in Downtown Pensacola, Pensacola, FL?
The largest share of rentals in Downtown Pensacola, Pensacola, FL (50%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Pensacola, Pensacola, FL?
521 or 44% of the households in Downtown Pensacola, Pensacola, FL are renter-occupied while 665 or 56% are owner-occupied.
Most affordable neighborhoods in Downtown Pensacola?
East Pensacola Heights $1,216/month
Dunmire Woods $1,248/month
Whispers $1,259/month
All of these neighborhoods fall below the city wide average of $1,428/month.Average Rent in Pensacola, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Pensacola | $2,243 |
| College Heights | $1,290 |
| Whispers | $1,259 |
| Dunmire Woods | $1,248 |
| East Pensacola Heights | $1,216 |
Pensacola | Rent Comparison by Neighborhood
Rent in Downtown Pensacola is 74% higher than in College Heights
Downtown Pensacola rent is the same as Pensacola average
College Heights rent is 42% lower than Pensacola average
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 Downtown 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.