Pensacola, FL Rental Market Trends
The average rent for an apartment in Pensacola is $1,014, a 18% increase compared to the previous year, when the average rent was $859.
Average Rent in Pensacola, FL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,014||18%||927 sq. ft.|
The average size for a Pensacola, FL apartment is 927 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Pensacola, FL Apartment Rent Ranges
Pensacola, FL Occupied Housing Units
- Renter-occupied Households48%
- Owner-occupied Households51%
10,538 or 48% of the households in Pensacola, FL are renter-occupied while 11,373 or 51% are owner-occupied.
Pensacola, FL Rent Trends
|Jul / 2016||Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Nov / 2019|
Average Rent in Pensacola, FL By Neighborhood
|Palafox Industrial Park||$948|
|East Pensacola Heights||$956|
|Reserve At Carpenters Creek||$959|
|Woodcliff - Scenic Hills||$961|
|D'evereux - La Belle Terre||$961|
|Brittany Forge - Bay Cliff Estates||$961|
|St. John's Coalition||$1,137|
|Seville Historic District - Aragon||$1,564|
The most affordable neighborhoods in Pensacola are Pensacola Beach, where the average rent goes for $822/month, Bayou Grove, where renters pay $931/mo on average, and Palafox Industrial Park, where the average rent goes for $948/mo. If you’re looking for other great deals, check out the listings from East Hill ($956), East Pensacola Heights ($956), and Inverness ($956), where the asking prices are below the average Pensacola rent of $1,014/mo.
The most expensive neighborhoods in Pensacola are St. John's Coalition ($1,137), Downtown Pensacola ($1,564) and Seville Historic District - Aragon ($1,564).
Pensacola | Rent Comparison by Neighborhood
Rent in Bay Oaks is 3% higher than in Bayou Grove
Bay Oaks rent is 5% lower than Pensacola average
Bayou Grove rent is 8% lower than Pensacola average
How Does Pensacola Compare to Nearby Cities
|Average Rent||Y-o-Y Change|
For more information about the Pensacola rental trends, check out our monthly rent report