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Homes & Apartments for Rent in Pensacola, FL 32514

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What to Know About

Living in 32514

Pensacola is a beautiful city in the Florida Panhandle on the Gulf of Mexico. It is home to the Naval Air Station Pensacola and the University of West Florida. This coastal city boasts a rich history, stunning white sand beaches, historic forts, and a lively cultural scene. So take a step back in time and visit the Historic Pensacola, where you can explore the rich heritage of America's first multi-year settlement, Pensacola Lighthouse, or immerse yourself in the city's rich military history at the National Museum of Naval Aviation.

Pensacola offers miles of sugar-white sand beaches for outdoor enthusiasts, perfect for swimming, sunbathing, and fishing. Or, if you're looking for a more active experience, try kayaking through the Bayou Texar or hiking in the Gulf Islands National Seashore and the Big Lagoon State Park. In addition, with a thriving arts scene, including the Pensacola Museum of Art, Pensacola Little Theatre, and the Pensacola Opera, as well as local festivals and events such as the Pensacola Seafood Festival and the Pensacola Beach Air Show, Pensacola offers a rich cultural experience.

Pensacola is a unique city that offers its residents a superior quality of life and many exciting experiences.

Rental Market Trends

Pensacola, FL

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As of November 2026, Pensacola's rental market is stable, with rentals spending about 29 days on the market, about the same as in Florida (30), and rents up 0.9% over the past year. Pensacola's average rent is 31.6% ($817) lower than the Florida average of $2,584 and 13.2% ($269) lower than the U.S. average of $2,036.

Average Rent
$1,767
Monthly ChangeMonth Over Month Change
Decreased0.20% ($4)
Yearly ChangeYear Over Year Change
Increased0.9% ($16)
Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,154 Decreased0.83% ($10) Decreased10.7% ($138)
2 Beds $1,394 Decreased1.02% ($14) Decreased1.6% ($22)
3 Beds $1,929 Increased0.58% ($11) Increased4.6% ($84)
Nearby Cities Average Rent Avg. Rent vs. PensacolaAverage Rent vs. Pensacola Days on Market
Gulf Breeze $2,373 Increased34.3% ($606) 26 days
Lillian $1,596 Decreased9.7% ($171) 25 days
Cantonment $1,839 Increased4.1% ($72) 27 days
Elberta $1,815 Increased2.7% ($48) 25 days
Milton $1,914 Increased8.3% ($147) 29 days
Based on rentals advertised on RentalSource in and around Pensacola.
Frequently Asked Questions
Pensacola Rental Market FAQs

Explore rental prices, market conditions, and affordability in Pensacola, FL.

The average rent in Pensacola, FL is $1,767 per month.
In Pensacola, the average rent is $1,154 per month for a 1-bedroom home, $1,394 for a 2-bedroom home and $1,929 for a 3-bedroom home.
The average rent in Pensacola is 13.2% ($269) lower than the national average of $2,036 per month.
The rental market in Pensacola, FL is currently stable, with rentals spending about 29 days on the market, about the same as in Florida (30), and rents up 0.9% over the past year.
Based on the current averages, a household would need an annual income of $55,800 to comfortably afford a 2-bedroom home in Pensacola.
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