Palmilla Apartments
51 S Coyle St,
Pensacola, FL 32502
$1,680 - $3,120 | Studio - 3 Beds
Downtown Pensacola is a refreshing blend of its historic roots, diverse community, and waterfront attractions. Recognized as “Florida’s Greatest Place,” Downtown Pensacola is a one-stop-shop for everything both tourists and residents alike could want. Stunning views of Pensacola Bay, proximity to the beautiful shoreline at Pensacola Beach, and abundant entertainment options are just a few of the benefits of renting in downtown. Art and history play a major part in the city and can be explored and admired at the Pensacola Museum of Art of the Plaza de Luna Memorial Monument.
For some fun by the water, check out Vince J. Whibbs Sr. Community Maritime Park, home to the Blue Wahoos Stadium, an open-air amphitheater, and abundant green space. Local restaurants and bars are top-notch in downtown, including the Ruby Slipper Café, the Fish House, and Seville Quarter. Apartments in Downtown Pensacola range from affordable to upscale, so there’s something for everyone in this highly sought-after commercial district.
As of April 2025, the average apartment rent in Downtown Pensacola is $1,925 for a studio, $1,775 for one bedroom, $2,360 for two bedrooms, and $3,199 for three bedrooms. Apartment rent in Downtown Pensacola has decreased by -2.6% in the past year.
Studio
729 sq ft
Average Sq Ft
$1,925/month
Average Rent
1 BR
684 sq ft
Average Sq Ft
$1,775/month
Average Rent
2 BR
1,096 sq ft
Average Sq Ft
$2,360/month
Average Rent
3 BR
1,359 sq ft
Average Sq Ft
$3,199/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
3,239
Communities
900,271
Units
838
Cities
690
Communities
186,346
Units
318
Cities
650
Communities
127,607
Units
260
Cities
623
Communities
106,557
Units
222
Cities
615
Communities
162,644
Units
237
Cities
553
Communities
128,380
Units
280
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.