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Rental Market Trends in Pensacola, FL

What is the average rent in Pensacola, FL?

$1,321/month

Average Rent

734 Sq Ft

Average Apartment Size

+1.5%

Increase in the Last Year

As of October 2025, the average rent in Pensacola, FL is $1,321 per month. This is 19% lower than the national average rent of $1,630/month, making renting in Pensacola more affordable than most cities in the US. When you rent an apartment in Pensacola, you can expect to pay about $1,179 per month for a studio, $1,321 for a one-bedroom apartment, and around $1,535 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,868 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,179/month
445 Sq Ft
One Bedroom
$1,321/month
734 Sq Ft
Two Bedroom
$1,535/month
1,073 Sq Ft
Three Bedroom
$1,868/month
1,409 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,174/month
542 Sq Ft
Two Bedroom
$1,459/month
1,010 Sq Ft
Three Bedroom
$1,831/month
1,438 Sq Ft
Four Bedroom
$2,360/month
2,080 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,381/month
644 Sq Ft
Two Bedroom
$1,457/month
1,042 Sq Ft
Three Bedroom
$2,390/month
1,515 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,568/month
1,092 Sq Ft
Three Bedroom
$1,850/month
1,267 Sq Ft

How much has average rent changed in Pensacola, FL?

In the past year, rent has increased by 1.5%, which averages out to $20 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Pensacola, FL
Last Updated October 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Pensacola, FL
Percentage*
Rent Range
2% Below $700/month
11% $700 - $1,000/month
51% $1,001 - $1,500/month
29% $1,501 - $2,000/month
7% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Pensacola?

Based on current rent prices, Pinehurst, Twin Oaks and Southeast Pensacola are the most affordable neighborhoods in Pensacola.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pinehurst
$1,016/month
713 Sq Ft
Twin Oaks
$1,064/month
743 Sq Ft
Southeast Pensacola
$1,254/month
736 Sq Ft
Belvedere Park
$1,271/month
720 Sq Ft
Ferry Pass
$1,292/month
725 Sq Ft
Marcus Pointe
$1,348/month
918 Sq Ft
Summerfield
$1,349/month
830 Sq Ft
Southwest Pensacola
$1,364/month
734 Sq Ft
Woodrun
$1,445/month
720 Sq Ft
Brent-NW Pensacola
$1,460/month
759 Sq Ft

What are the most expensive neighborhoods in Pensacola?

Based on current rent prices, Downtown Pensacola, South Pensacola and West Pensacola are the most expensive neighborhoods in Pensacola.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Pensacola
$1,877/month
687 Sq Ft
South Pensacola
$1,732/month
703 Sq Ft
West Pensacola
$1,606/month
762 Sq Ft
Newcastle Place
$1,606/month
767 Sq Ft
Ensley
$1,476/month
758 Sq Ft
Brent-NW Pensacola
$1,460/month
759 Sq Ft
Woodrun
$1,445/month
720 Sq Ft
Southwest Pensacola
$1,364/month
734 Sq Ft
Summerfield
$1,349/month
830 Sq Ft
Marcus Pointe
$1,348/month
918 Sq Ft

Which Pensacola neighborhoods have the most rentals available?

The neighborhoods in Pensacola with the most apartments available are Ferry Pass, Brent-NW Pensacola and Southwest Pensacola .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ferry Pass
$1,292/month
725 Sq Ft
Brent-NW Pensacola
$1,460/month
759 Sq Ft
Southwest Pensacola
$1,364/month
734 Sq Ft
Southeast Pensacola
$1,254/month
736 Sq Ft
Ensley
$1,476/month
758 Sq Ft
Downtown Pensacola
$1,877/month
687 Sq Ft
South Pensacola
$1,732/month
703 Sq Ft
Pinehurst
$1,016/month
713 Sq Ft
Marcus Pointe
$1,348/month
918 Sq Ft
Twin Oaks
$1,064/month
743 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Pensacola, FL?

Because the average rent in Pensacola is $1,321, you’ll want to make about $4,403 per month or $52,836 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Pensacola, FL is 4.5% lower than the national average. Generally, housing in Pensacola is 9.4% less expensive than the national average, with rent falling between $1,179 - $1,868. You can expect to pay 1.6% less for groceries, 18.2% more for utilities, and 8.3% less for transportation.

City

Pensacola, FL

2,267 Available Apartments for Rent

Search for Nearby Apartments

How does Pensacola, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Pensacola, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Pensacola, FL

Apartment Averages

Pinehurst

Pensacola, FL

Downtown Pensacola

Pensacola, FL

Studio
-
$1,536/month
One Bedroom
-
$1,764/month
Two Bedroom
-
$2,274/month
Three Bedroom
-
$2,959/month
Search
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Nearby City Rent Trends

  • Gulf Breeze Average Rent

Apartment communities in Pensacola we think you'll love

The Tristan

The Tristan

1559 W Nine Mile Rd,
Pensacola, FL 32534

$1,435 - $2,765

1-3 Beds

Madison Shores

Madison Shores

7045 Pine Forest rd,
Pensacola, FL 32526

$1,558 - $2,550

1-3 Beds

Lyria

Lyria

8707 N Davis Hwy,
Pensacola, FL 32514

$1,540 - $2,349

1-3 Beds

Ascend At Pathstone

Ascend At Pathstone

8533 Riverstone Dr,
Pensacola, FL 32526

$1,212 - $2,214

1-3 Beds

Property Management Companies in Pensacola, FL

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  • 2,854

    Units

  • 13

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5 Communities in Pensacola
Willow Bridge
Willow Bridge
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  • 191,798

    Units

  • 326

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3 Communities in Pensacola
RangeWater
RangeWater
  • 215

    Communities

  • 54,464

    Units

  • 114

    Cities

3 Communities in Pensacola
Pedcor Companies
Pedcor Companies
  • 62

    Communities

  • 13,934

    Units

  • 49

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3 Communities in Pensacola
CLK Properties
CLK Properties
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    Communities

  • 17,590

    Units

  • 33

    Cities

3 Communities in Pensacola
Morguard Management Company Inc
Morguard Management Company Inc
  • 30

    Communities

  • 9,600

    Units

  • 21

    Cities

3 Communities in Pensacola
Vergence Multifamily, LLC
Vergence Multifamily, LLC
  • 21

    Communities

  • 2,259

    Units

  • 13

    Cities

3 Communities in Pensacola
Greystar
Greystar
  • 3,435

    Communities

  • 948,149

    Units

  • 872

    Cities

2 Communities in Pensacola

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United States Florida Pensacola Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity