Palmilla Apartments
51 S Coyle St,
Pensacola, FL 32502
$1,718 - $3,293
Studio - 3 Beds
Downtown Pensacola
Pensacola, FL
Downtown Pensacola - Pensacola, FL
Area Guide
A refreshing blend of big-city charm and waterfront relaxation
Waterfront
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Urban
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Restaurants
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Tourism
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Shopping
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Historic
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Downtown Pensacola is a refreshing blend of its historic roots, diverse community, and waterfront attractions. Recognized as “Florida’s Greatest Place,” Downtown Pensacola is a one-stop-shop for everything both tourists and residents alike could want. Stunning views of Pensacola Bay, proximity to the beautiful shoreline at Pensacola Beach, and abundant entertainment options are just a few of the benefits of renting in downtown. Art and history play a major part in the city and can be explored and admired at the Pensacola Museum of Art of the Plaza de Luna Memorial Monument.
For some fun by the water, check out Vince J. Whibbs Sr. Community Maritime Park, home to the Blue Wahoos Stadium, an open-air amphitheater, and abundant green space. Local restaurants and bars are top-notch in downtown, including the Ruby Slipper Café, the Fish House, and Seville Quarter. Apartments in Downtown Pensacola range from affordable to upscale, so there’s something for everyone in this highly sought-after commercial district.
Rent Trends
As of February 2026, the average apartment rent in Downtown Pensacola is $1,507 for a studio, $1,779 for one bedroom, $2,254 for two bedrooms, and $3,159 for three bedrooms. Apartment rent in Downtown Pensacola has decreased by -11.2% in the past year.
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Studio
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547 sq ft
Average Sq Ft
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$1,507/month
Average Rent
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1 BR
-
684 sq ft
Average Sq Ft
-
$1,779/month
Average Rent
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2 BR
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1,058 sq ft
Average Sq Ft
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$2,254/month
Average Rent
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3 BR
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1,359 sq ft
Average Sq Ft
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$3,159/month
Average Rent
Transportation
74
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
35
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
67
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Fort Pickens
Airports
- Pensacola International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.