Apartments & Homes for Rent in 32503

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What to Know About

Living in 32503

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

As of April 2025, Pensacola's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Pensacola's average rent is 26.7% ($582) lower than the Florida average of $2,181 and 11.1% ($200) lower than the U.S. average of $1,799.

Average Rent
$1,599
Monthly ChangeMonth Over Month Change
Decreased1.1% ($17)
Yearly ChangeYear Over Year Change
Decreased3.4% ($57)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,000 Decreased1% ($10) Decreased10.2% ($114)
2 Beds $1,257 Increased1.5% ($18) Decreased3.5% ($46)
3 Beds $1,738 Increased1.2% ($21) Decreased0.3% ($5)
Nearby Cities Average Rent Avg. Rent vs. PensacolaAverage Rent vs. Pensacola Avg. Days on MarketAverage Days on Market
Gulf Breeze $1,477 Decreased7.6% ($122) 35 days
Cantonment $1,467 Decreased8.3% ($132) 30 days
Milton $1,781 Increased11.4% ($182) 32 days
Orange Beach $1,310 Decreased18.1% ($289) 38 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Pensacola Rental Market FAQs

Explore rental prices, market trends, and availability in Pensacola, FL.

The average rent in Pensacola, FL is $1,599 per month.
Homes in Pensacola typically rent for between $700 and $2,259 per month, with an average of $1,599 per month.
In Pensacola, the average rent for a 1-bedroom home is $1,000 per month, for a 2-bedroom home, $1,257 per month, and a 3-bedroom home is $1,738 per month.
The average rent in Pensacola is 11.1% ($200) lower than the national average of $1,799 per month.
The average rent in Pensacola has decreased by 1.1% ($17) in the last month and decreased by 3.4% ($57) over the past year.
The rental market in Pensacola, FL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Pensacola, FL, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 238 rental properties available in Pensacola, FL.
Based on the current averages, a household would need an annual income of $50,280 to comfortably afford a 2-bedroom home in Pensacola.
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