How much does it cost to rent in Pensacola, FL?

As of July 2026, the median monthly rent in Pensacola, FL is $1,657. This figure is based on aggregated data from public sources and community-submitted rents.

Is Pensacola cheaper than other Florida cities?

Pensacola is among the more affordable cities in Florida, ranking #263 out of 288 cities at $1,657/mo.

When was Pensacola rent data last updated?

Pensacola rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Pensacola

Name: Average Rent Prices in Pensacola, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 54,036·263rd most expensive in Florida·Rental market data updated monthly for Pensacola, FL

Median rent (all units)

$1,657/mo

Year-over-Year

+3.4%

Month-over-Month

-1.3%

vs US Median

-$308

Falling (Monthly)

Be the first to discuss Pensacola rents ↓

Most AffordableMost Expensive

Pensacola · $1,657

More affordable than 65% of US cities · National median $1,965/mo

Rent Reality Score

75/100

Good value

OverheatedFairGreat value

Rents are 13% below what Pensacola's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,657/mo

Expected by trend

$1,896/mo

The Rent Reality Score compares today's median rent to where Pensacola's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,193

1 BR

$1,331

2 BR

$1,571

3 BR

$2,101

4 BR+

$2,588

Research median

$1,571/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$19,884/yr

At $1,657/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+3.4% YoY, -1.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Pensacola, FL is majority owner-occupied, has a large retiree population, 43% of residents hold a bachelor's degree or higher.

Population

54,036

Median income

$74,212

Median age

41.3

Renters

35.8%

Age distribution

18.7%

23.5%

23.7%

12.8%

21.3%

Under 1818.7%

18–3423.5%

35–5423.7%

55–6412.8%

65+21.3%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

66.6%

20.7%

White66.6%

Black20.7%

Hispanic5%

Asian2.8%

Other4.9%

Education (25+)

19.6%

30.3%

43%

No HS diploma7.1%

HS diploma19.6%

Some college30.3%

Bachelor's+43%

Housing tenure

64.2%

35.8%

Owner64.2%

Renter35.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Pensacola, FL has changed in 5 years

Rent

$1,306 → $1,657

up 26.9%

Income

$59,119 → $74,212

up 25.5%

Population

53,845 → 54,036

up 0.4%

Renter share

38.6% → 35.8%

-2.8 pts

Bachelor's+

40.1% → 43%

+2.9 pts

Median age

38.4 → 41.3

+2.9 yrs

Five years ago, renters in Pensacola, FL paid around $1,306 a month. That figure now sits near $1,657, up 26.9% 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.

Community

Discussions about Pensacola

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View Pensacola rent history (2015–2026) →

Salary vs rent

Can you afford rent in Pensacola on your salary?

At $1,657/mo, how Pensacola rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 22.6% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 31.9% income

stretched

Police Officer

Avg $71,861/yr · Rent = 27.7% income

affordable

Software Developer

Avg $128,442/yr · Rent = 15.5% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 12.1% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 34% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 37.7% income

stretched

Electrician

Avg $65,007/yr · Rent = 30.6% income

stretched

By apartment size

Pensacola rent by bedroom count

Median rent for each apartment size in Pensacola. Click any size for full breakdown.

Local insights

Tips for renters in Pensacola

About renting in Pensacola, FL

Last updated: July 20, 2026

The median rent in Pensacola is $1,657/mo as of July 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 3.4% over the past year.

FAQ

Frequently asked questions

Is Pensacola an affordable city for renters?

Pensacola is considered affordable for renters. At $1,657/mo, rent takes approximately 27% of the local median household income ($74,212/yr). The standard benchmark is 30%. Pensacola falls comfortably within that range.

How much income do you need to rent in Pensacola?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,657/mo in Pensacola. The local median household income is $74,212/yr, meaning the typical Pensacola household meets that threshold.

Is rent going up or down in Pensacola?

Rent in Pensacola has increased 3.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Pensacola neighborhoods have the lowest rent?

The most affordable ZIP codes in Pensacola are 32504 ($1,435/mo), 32505 ($1,442/mo), and 32514 ($1,554/mo). Citywide, the median rent in Pensacola is $1,657/mo.

How does Pensacola rent compare to other cities in Florida?

Pensacola is one of the more affordable cities in Florida for rent, ranking #263 out of 288 tracked cities at $1,657/mo.

Which nearby cities are cheaper to rent in than Pensacola?

Cantonment is nearby and more affordable at $1,619/mo, which is $38 less than Pensacola.

What percentage of Pensacola residents rent vs. own?

According to Census data, approximately 35.8% of Pensacola households are renters, while 64.2% are owner-occupied. Pensacola leans toward homeownership, which can mean a smaller rental inventory.

How does Pensacola rent compare to the national average?

Pensacola's median rent of $1,657/mo is $308 (16%) below the US national median of $1,965/mo. Within Florida, it ranks #263 out of 288 tracked cities.

Income Affordability

27%

AFFORDABLE

At $1,657/mo, rent takes ~27% of Pensacola's median household income ($74,212/yr). The standard benchmark is 30%.

Pensacola 27%Benchmark 30%

State income taxNone

Run the Pensacola affordability calculator →

Nearby cities