43 Cheap Apartments for rent in Pensacola, FL

Last updated September 24 at 6:10PM
3725 FRONTERA CIR
Whispering Oaks
Pensacola, FL
Updated September 8 at 3:01AM
2 Bedrooms
$525
6332 MONTGOMERY AVE
Pensacola Heights
Pensacola, FL
Updated September 21 at 10:40AM
2 Bedrooms
$700
802 MILLS AVE
Pensacola
Pensacola, FL
Updated August 25 at 2:58AM
2 Bedrooms
$625
323 FRISCO RD
Edgewater
Pensacola, FL
Updated September 21 at 6:59PM
2 Bedrooms
$650
4910 LILLIAN HWY
Pen Haven
Pensacola, FL
Updated September 19 at 1:55AM
2 Bedrooms
$675
121 W GARFIELD DR
Mayfair
Pensacola, FL
Updated August 15 at 3:51AM
3 Bedrooms
$650
201 Stillman Street, 213
Pensacola
Pensacola, FL
Updated September 6 at 10:04AM
1 Bedroom
$700
741 TUMBLEWEED DR
Fowler Place
Pensacola, FL
Updated September 15 at 3:47AM
2 Bedrooms
$650
405 SCHUBERT DR
Pensacola
Pensacola, FL
Updated September 14 at 9:35AM
2 Bedrooms
$695
4015 N 8th Avenue
Pensacola
Pensacola, FL
Updated September 24 at 9:34AM
2 Bedrooms
$650
308 N Q ST
Pensacola
Pensacola, FL
Updated September 20 at 10:08AM
3 Bedrooms
$625
2213 W JACKSON ST
Pensacola
Pensacola, FL
Updated August 15 at 3:51AM
1 Bedroom
$500
8274 KAUSE RD
Pensacola
Pensacola, FL
Updated August 15 at 3:52AM
2 Bedrooms
$650
7135 PEARSON RD
Myrtle Grove West
Pensacola, FL
Updated September 21 at 6:58PM
2 Bedrooms
$695
6954 WOODLEY DR
Forest Grove
Pensacola, FL
Updated September 21 at 6:58PM
2 Bedrooms
$675
1133 E ANDERSON ST
Pensacola
Pensacola, FL
Updated September 21 at 6:59PM
2 Bedrooms
$575
600 SCENIC HWY
Cervello
Pensacola, FL
Updated September 21 at 6:58PM
1 Bedroom
$695
9553 Lillian Hwy
Pensacola
Pensacola, FL
Updated September 24 at 6:10PM
Studio
$675
714 COLBERT AVE
Beach Haven
Pensacola, FL
Updated September 23 at 2:24AM
3 Bedrooms
$650
321 CHASEVILLE ST
Edgewater
Pensacola, FL
Updated September 6 at 2:25AM
2 Bedrooms
$700
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Rent Report
Pensacola

September 2017 Pensacola Rent Report

Welcome to the September 2017 Pensacola Rent Report. Pensacola rents declined over the past month. In this report, we'll evaluate trends in the Pensacola rental market, including comparisons to cities throughout the state and nation.

Pensacola rents declined significantly over the past month

Pensacola rents have declined 0.5% over the past month, but have increased moderately by 2.6% in comparison to the same time last year. Currently, median rents in Pensacola stand at $830 for a one-bedroom apartment and $990 for a two-bedroom. Pensacola's year-over-year rent growth lags the state average of 3.6%, as well as the national average of 3.0%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Pensacola, but across the entire state. Of the largest 10 cities that we have data for in Florida, 9 of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,390; of the 10 largest cities in the state that we have data for, Miami, where a two-bedroom goes for $1,350, is the only major city to see rents fall year-over-year (-0.4%).
  • Orlando, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (6.4%, 5.6%, and 4.6%, respectively).

Pensacola rents more affordable than many large cities nationwide

Rent growth in Pensacola has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Pensacola is still more affordable than most large cities across the country.

  • Pensacola's median two-bedroom rent of $990 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.6% rise in Pensacola.
  • While rents in Pensacola remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Pensacola than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three times the price in Pensacola.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.