Rents are 12% below what Pensacola's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,677 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
Who lives here
Pensacola, FL is majority owner-occupied, has a large retiree population, 43% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Pensacola, FL has changed in 5 years
Five years ago, renters in Pensacola, FL paid around $1,306 a month. That figure now sits near $1,677, up 28.4% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $59,119 in 2021 to $74,212 more recently. The renter share has eased from 38.6% to 35.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 40.1% to 43% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Pensacola, FL market of 2021.
Discussions about Pensacola
No discussions yet. Start the conversation.
Can you afford rent in Pensacola on your salary?
At $1,677/mo, how Pensacola rent compares to typical pay (30% rule).
Pensacola rent by bedroom count
Median rent for each apartment size in Pensacola. Click any size for full breakdown.
Tips for renters in Pensacola
Last updated: August 17, 2026
The median rent in Pensacola is $1,677/mo as of August 2026. A studio apartment averages $1,193/mo while a 2-bedroom runs $1,571/mo. One-bedroom apartments average $1,331/mo and 3-bedroom units go for $2,101/mo.
At 27% of local median household income ($74,212/yr), Pensacola ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
Is Pensacola an affordable city for renters?
How much income do you need to rent in Pensacola?
Is rent going up or down in Pensacola?
Which Pensacola neighborhoods have the lowest rent?
How does Pensacola rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Pensacola?
What percentage of Pensacola residents rent vs. own?
How does Pensacola rent compare to the national average?
At $1,677/mo, rent takes ~27% of Pensacola's median household income ($74,212/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Pensacola.
No discussions yet.
