Apartments for Rent in Pensacola, FL

Prices and availability in Pensacola, FL were last updated on 6 May 2026.

The best apartments in Pensacola, FL are: The Ascend at Pensacola Bay, 4232 Bonway Drive, Bay Oaks Condominiums I, The Altair Senior Apartment Living and Savoy Place.

The average rent in Pensacola, FL is $1,572.

The price range for a 1-bedroom apartment in Pensacola, FL is between $950 and $1,655.

The price range for a 2-bedroom apartment in Pensacola, FL is between $959 and $2,250.

The price range for a 3-bedroom apartment in Pensacola, FL is between $2,350 and $4,250.

In Pensacola, 37% of the residents are renting compared to 63% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Pensacola's rentals, 51% are small-scale complexes with under 50 units, and 32% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Pensacola are about 39 years old, on average. Of these, 28% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 94% of the rental communities here are low-rise, garden-style communities, 11% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Pensacola come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 39% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Pensacola. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.