58 Cheap Apartments for rent in Pensacola, FL

Last updated November 19 at 5:03pm UTC
8810 FOWLER AVE
Fowler Place
Pensacola, FL
Updated August 15 at 3:48am UTC
2 Bedrooms
$675
1625 REBECCA ST
Pensacola
Pensacola, FL
Updated October 24 at 3:24am UTC
1 Bedroom
$505
8365 COUNTRY WALK DR
Country Walk
Pensacola, FL
Updated October 22 at 5:39pm UTC
2 Bedrooms
$600
12 ALICE ST
Pensacola
Pensacola, FL
Updated November 16 at 5:49pm UTC
3 Bedrooms
$700
6212 MONTGOMERY AVE
Pensacola Heights
Pensacola, FL
Updated November 17 at 9:54am UTC
2 Bedrooms
$525
201 Stillman Street, 213
Renz-anna Villa
Pensacola, FL
Updated November 15 at 11:35am UTC
1 Bedroom
$675
7101 Lillian Hwy
Pensacola
Pensacola, FL
Updated November 16 at 12:24pm UTC
1 Bedroom
$575
8019 KIPLING ST
Oakhurst
Pensacola, FL
Updated October 25 at 1:41am UTC
2 Bedrooms
$645
106 JARDINE RD
Navy Point
Pensacola, FL
Updated August 15 at 3:53am UTC
1 Bedroom
$525
7390 ESTHER ST -
Pensacola
Pensacola, FL
Updated October 5 at 1:54am UTC
2 Bedrooms
$580
2811 LANGLEY AVE
Pensacola
Pensacola, FL
Updated November 19 at 5:03pm UTC
2 Bedrooms
$650
101 ELLINOR CT
Navy Point
Pensacola, FL
Updated November 15 at 9:52am UTC
1 Bedroom
$425
7250 HILBURN RD
Pensacola
Pensacola, FL
Updated November 16 at 9:39am UTC
2 Bedrooms
$575
408 SEAMARGE LN
Hyde Park
Pensacola, FL
Updated September 26 at 5:15am UTC
2 Bedrooms
$580
802 MILLS AVE
Pensacola
Pensacola, FL
Updated August 25 at 2:58am UTC
2 Bedrooms
$625
711 TUMBLEWEED TRL
Fowler Place
Pensacola, FL
Updated November 1 at 9:37am UTC
2 Bedrooms
$625
304 FRISCO RD
Edgewater
Pensacola, FL
Updated November 18 at 1:17am UTC
2 Bedrooms
$650
613 MCCARROLL RD
Navy Point
Pensacola, FL
Updated November 16 at 1:10am UTC
2 Bedrooms
$695
323 FRISCO RD
Edgewater
Pensacola, FL
Updated November 16 at 5:49pm UTC
2 Bedrooms
$600
1084 GORDON AVE
Pensacola
Pensacola, FL
Updated November 1 at 1:28am UTC
3 Bedrooms
$650
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November 2017 Pensacola Rent Report

Welcome to the November 2017 Pensacola Rent Report. 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

November 2017 Pensacola Rent Report

Welcome to the November 2017 Pensacola Rent Report. In this report, we'll evaluate trends in the Pensacola rental market, including comparisons to cities throughout the state and nation.

Pensacola rents increase sharply over the past month

Pensacola rents have increased 1.9% over the past month, and are up significantly by 4.4% 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. Pensacola's year-over-year rent growth leads the state average of 3.5%, as well as the national average of 2.7%.

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 3.5% 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 $2,380; 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 (-0.2%).
  • Orlando, St. Petersburg, and Port St. Lucie have all experienced year-over-year growth above the state average (6.4%, 5.8%, and 5.8%, respectively).

Pensacola rents more affordable than many large cities nationwide

As rents have increased significantly in Pensacola, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Pensacola is still more affordable than most large cities across the country.

  • Pensacola's median two-bedroom rent of $1,010 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.4% rise in Pensacola.
  • While Pensacola's rents rose significantly over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • 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.