Madison Shores
7045 Pine Forest rd,
Pensacola, FL 32526
1-3 Beds | $1,505 - $2,271
Rental Market Trends in Pensacola, FL
Updated July 2026
The average rent in Pensacola, FL is $1,371/month.
Rent in Pensacola is 18% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,371/month
Average Rent
735 Sq Ft
Average Size
+2.6%
Change / Year
2,050
Available Apartments
Pensacola rent varies by unit size and layout:
- Studio apartments in Pensacola average $1,325 per month.
- One-bedroom apartments in Pensacola average $1,371 per month.
- Two-bedroom apartments in Pensacola average $1,586 per month.
- Three-bedroom apartments in Pensacola average $1,931 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Pensacola, FL?
In the past year, rent has increased by 2.6%, which averages out to $36 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Pensacola, FL
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
11%
$700 - $1,000/month
48%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Pensacola?
Based on current rent prices, Southeast Pensacola, Ferry Pass and Southwest Pensacola are the most affordable neighborhoods in Pensacola.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Pensacola?
Based on current rent prices, Downtown Pensacola, Ensley and Brent-NW Pensacola are the most expensive neighborhoods in Pensacola.
Neighborhood
Average Rent
Average Sq Ft
Which Pensacola neighborhoods have the most rentals available?
The neighborhoods in Pensacola with the most apartments available are Brent-NW Pensacola, Ferry Pass and Ensley .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Pensacola, FL?
Because the average rent in Pensacola is $1,371, you’ll want to make about $4,570 per month or $54,840 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 2.0% lower than the national average. Generally, housing in Pensacola is 10.7% less expensive than the national average, with rent falling between $1,325 - $1,931. You can expect to pay 1.2% more for groceries, 6.7% less for utilities, and 3.1% less for transportation.
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.
View the Pensacola Area GuideStudio
-
$1,687/month
One Bedroom
$1,147/month
$1,815/month
Two Bedroom
$1,341/month
$2,311/month
Three Bedroom
$1,296/month
$2,975/month
Apartment Communities in Pensacola We Think You'll Love
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Frequently Asked Questions
What is the average rent in Pensacola?
The average rent in Pensacola is $1,371 per month, which is 17.6% lower than the national average of $1,663.
What is the average rent for a house in Pensacola?
The average rent for a house in Pensacola, FL is $1,861 per month.
What is the average rent for a townhome in Pensacola?
The average rent for a townhome in Pensacola, FL is $1,600 per month.
What is the average rent for a condo in Pensacola?
The average rent for a condo in Pensacola, FL is $1,508 per month.
Are rents going up or down in Pensacola?
Rents in Pensacola, FL are increasing, with prices up 2.6% year-over-year and $36 more per month.
What rent range is most common in Pensacola?
In Pensacola, FL, 48% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.