48 Cheap Apartments for rent in Pensacola, FL

Last updated January 17 at 7:50pm UTC
718 MILLS AVE
Beach Haven
Pensacola, FL
Updated January 4 at 12:18pm UTC
2 Bedrooms
$600
8274 KAUSE RD
Pensacola
Pensacola, FL
Updated January 3 at 11:25am UTC
2 Bedrooms
$650
1707 N KIRK ST
West Highlands
Pensacola, FL
Updated January 13 at 1:27am UTC
2 Bedrooms
$650
802 MILLS AVE
Pensacola
Pensacola, FL
Updated January 3 at 11:24am UTC
2 Bedrooms
$625
8810 FOWLER AVE
Fowler Place
Pensacola, FL
Updated January 3 at 11:24am UTC
2 Bedrooms
$675
7101 Lillian Hwy
Pensacola
Pensacola, FL
Updated January 3 at 1:46am UTC
1 Bedroom
$575
8028 Stark Ave
Pensacola
Pensacola, FL
Updated January 17 at 10:04am UTC
1 Bedroom
$700
6346 W FAIRFIELD DR
Benjamin Oaks
Pensacola, FL
Updated January 11 at 10:50am UTC
2 Bedrooms
$675
1215 N W ST
Welles Brownsville
Pensacola, FL
Updated January 4 at 1:55am UTC
2 Bedrooms
$550
9553 Lillian Hwy
Pensacola
Pensacola, FL
Updated January 3 at 1:51am UTC
Studio
$675
Spring St. 2403 N.
Pensacola
Pensacola, FL
Updated January 17 at 7:50pm UTC
2 Bedrooms
$625
6818 TIKI LN
Enchanted Village
Pensacola, FL
Updated January 3 at 11:25am UTC
2 Bedrooms
$555
7390 ESTHER ST -
Pensacola
Pensacola, FL
Updated January 11 at 10:52am UTC
2 Bedrooms
$580
671 E OLIVE RD
Pensacola
Pensacola, FL
Updated January 17 at 1:28am UTC
1 Bedroom
$480
714 COLBERT AVE
Beach Haven
Pensacola, FL
Updated January 3 at 11:24am UTC
3 Bedrooms
$550
6394 W FAIRFIELD AVE
Benjamin Oaks
Pensacola, FL
Updated January 3 at 11:25am UTC
2 Bedrooms
$650
2120 BARRANCAS AVE
Renz-anna Villa
Pensacola, FL
Updated January 13 at 1:27am UTC
Studio
$550
7135 PEARSON RD
Myrtle Grove West
Pensacola, FL
Updated January 13 at 1:24am UTC
2 Bedrooms
$695
5221 STATLER AVE
Treasure Hill Park
Pensacola, FL
Updated January 10 at 2:02am UTC
2 Bedrooms
$575
613 MCCARROLL RD
Navy Point
Pensacola, FL
Updated January 3 at 11:25am UTC
2 Bedrooms
$695
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January 2018 Pensacola Rent Report

Welcome to the January 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

January 2018 Pensacola Rent Report

Welcome to the January 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 declined over the past month

Pensacola rents have declined 0.6% over the past month, but have increased significantly by 4.6% 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. Pensacola's year-over-year rent growth leads the state average of 3.7%, as well as the national average of 2.8%.

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, all of them have seen prices rise. The state as a whole logged rent growth of 3.7% 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 Florida cities that we have data for, all have seen rents rise year-over-year, with Port St. Lucie experiencing the fastest growth (+7.6%).
  • Orlando, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (6.8%, 6.2%, and 5.7%, respectively).

Pensacola rents more affordable than many large cities nationwide

As rents have increased significantly in Pensacola, a few 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 2.8% over the past year compared to the 4.6% increase in Pensacola.
  • While Pensacola's rents rose significantly over the past year, the city of DC saw a decrease of 0.3%.
  • Renters will find more reasonable prices in Pensacola than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is nearly 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.