Madison Shores
7045 Pine Forest rd,
Pensacola, FL 32526
$1,519 - $2,259
1-3 Beds
Rental Market Trends in Pensacola, FL
What is the average rent in Pensacola, FL?
$1,362/month
Average Rent
735 Sq Ft
Average Apartment Size
+0.2%
Increase in the Last Year
Pensacola, FL Rental Market Overview
The average rent in Pensacola, FL is $1,362 per month. This is 17% lower than the national average rent of $1,644/month, making renting in Pensacola more affordable than most cities in the US.
- Studio apartments in Pensacola average $1,310 per month.
- One-bedroom apartments in Pensacola average $1,362 per month.
- Two-bedroom apartments in Pensacola average $1,568 per month.
- Three-bedroom apartments in Pensacola average $1,895 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Pensacola, FL?
In the past year, rent has increased by 0.2%, which averages out to $3 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 June 2026
Legend
2025
2026
Rent Ranges in Pensacola, FL
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
12%
$700 - $1,000/month
46%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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, South Pensacola and West 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 $1,362, you’ll want to make about $4,540 per month or $54,480 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 1.9% lower than the national average. Generally, housing in Pensacola is 10.5% less expensive than the national average, with rent falling between $1,310 - $1,895. You can expect to pay 1.0% more for groceries, 6.5% less for utilities, and 2.4% 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.
Studio
-
$1,671/month
One Bedroom
$1,160/month
$1,813/month
Two Bedroom
$1,321/month
$2,304/month
Three Bedroom
$1,294/month
$2,973/month
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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 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.