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27 Cheap Apartments for rent in Pensacola, FL

Last updated December 14 at 5:41pm UTC
2063 Bush St., #23
Pensacola
Pensacola, FL
Updated December 12 at 7:39pm UTC
2 Bedrooms
$695
1731 Knight Drive
Pensacola
Pensacola, FL
Updated December 10 at 12:04pm UTC
2 Bedrooms
$575
10021 Chemstrand Rd Unit 17
Pensacola
Pensacola, FL
Updated November 30 at 11:08am UTC
1 Bedroom
$650
3731 Frontera Cir
Whispering Oaks
Pensacola, FL
Updated November 15 at 11:59am UTC
2 Bedrooms
$695
Results within 1 miles of Pensacola, FL
8034 Stark Avenue
Ferry Pass
Ferry Pass, FL
Updated December 14 at 4:55pm UTC
1 Bedroom
$700
8020 Stark Avenue
Ferry Pass
Ferry Pass, FL
Updated December 14 at 4:55pm UTC
1 Bedroom
$700
4941 YACHT HARBOUR DR
Harbour Square
Ferry Pass, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$700
7008 LANIER DR
Ferry Pass
Ferry Pass, FL
Updated December 14 at 5:41pm UTC
1 Bedroom
$650
404 SEAMARGE LN
Hyde Park
Warrington, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$580
Results within 5 miles of Pensacola, FL
7706 W FAIRFIELD DR APT# 9
Myrtle Grove
Myrtle Grove, FL
Updated December 14 at 8:35am UTC
1 Bedroom
$600
6212 MONTGOMERY AVE
Pensacola Heights
Bellview, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$475
10021 CHEMSTRAND RD
Ensley
Ensley, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$650
3120 MULDOON RD
Bellview
Bellview, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$575
3650 MARKET ST
Brent
Brent, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$400
6802 TIKI LN
Enchanted Village
Brent, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$580
6394 W FAIRFIELD AVE
Benjamin Oaks
Myrtle Grove, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$655
8640 ROSE AVE
Ensley
Ensley, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$605
9221 GULF BEACH HWY
Gilmore's of Beyreuth
Warrington, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$630
1705 CAIRO ST
Warrington
Warrington, FL
Updated December 14 at 5:41pm UTC
1 Bedroom
$500
105 ELLIS DR
Navy Point
Warrington, FL
Updated December 14 at 5:41pm UTC
1 Bedroom
$450
7390 ESTHER ST -
Myrtle Grove
Myrtle Grove, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$625
1731 KNIGHT DR
Escambia County
Escambia County, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$575
2117 ELIASBERG AVE
Warrington
Warrington, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$650
601 N 61ST AVE
Myrtle Grove
Myrtle Grove, FL
Updated December 14 at 5:41pm UTC
2 Bedrooms
$700

December 2018 Pensacola Rent Report

Welcome to the December 2018 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.

View full Pensacola Rent Report
Rent Report
Pensacola

December 2018 Pensacola Rent Report

Welcome to the December 2018 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 decline sharply over the past month

Pensacola rents have declined 0.8% over the past month, and have decreased moderately by 0.6% in comparison to the same time last year. Currently, median rents in Pensacola stand at $840 for a one-bedroom apartment and $1,010 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Pensacola's year-over-year rent growth lags the state average of 1.8%, as well as the national average of 1.3%.

Rents rising across cities in Florida

While rent decreases have been occurring in the city of Pensacola over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in all of the largest 10 cities in Florida for which we have data. The state as a whole logged rent growth of 1.8% 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 $2,410; of the 10 largest Florida cities that we have data for, all have seen rents rise year-over-year, with Orlando experiencing the fastest growth (+4.0%).
  • Tampa, Port St. Lucie, and Jacksonville have all experienced year-over-year growth above the state average (2.8%, 2.8%, and 2.7%, respectively).

Pensacola rents more affordable than many large cities nationwide

As rents have fallen moderately in Pensacola, many large cities nationwide have seen prices increase, in some cases substantially. Pensacola is also more affordable than most large cities across the country.

  • Pensacola's median two-bedroom rent of $1,010 is below the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.6% decline in Pensacola.
  • While rents in Pensacola fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+3.2%), New York (+2.3%), and Denver (+1.9%).
  • Renters will find more reasonable prices in Pensacola than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.