Best Affordable Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Belvedere Park, Southeast Pensacola, and Ferry Pass. These neighborhoods offer some of the lowest rent prices in Pensacola, making them ideal for renters on a budget. As of November 8, 2025, the average rent in Pensacola is $1,318, which is 1.3% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Belvedere Park
Average Rent
$1,239/Month
Units Available
10 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Belvedere Park. The average rent is $1,239, compared to the city average of $1,318. Belvedere Park is convenient to Pensacola State, Warrington, Pensacola International, and Dunmire Village.
Southeast Pensacola
Average Rent
$1,255/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
22/100
Units Available
74 Rentals
Southeast Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,255. Compare this to the city average of $1,318. In the past year, rent prices have decreased by 2.9%. Southeast Pensacola provides easy access to Fairfield Shopping Center, Fort Pickens, and The Shops Of East Hill. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
Ferry Pass
Average Rent
$1,295/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
5/100
Units Available
178 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Ferry Pass might be the perfect place! It has an average rent price of $1,295, while the city’s average stands at $1,318. In the last year, prices have increased by 0.6%. Ferry Pass is near Pensacola State Coll., Pensacola State Coll., Milton, and Pensacola State, Warrington.
Southwest Pensacola
Average Rent
$1,350/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
0/100
Units Available
68 Rentals
Southwest Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwest Pensacola is $1,350 while the city average is $1,318. This is a 5.8% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Pensacola State, Warrington, and Park Plaza. The neighborhood is considered car-dependent with a WalkScore® of 35.
Marcus Pointe
Average Rent
$1,372/Month
TransitScore® Rating
0/100
Units Available
17 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Marcus Pointe. The average rent is $1,372, compared to the city average of $1,318. Marcus Pointe is convenient to W Street Plaza, Westgate Village, and Pensacola State, Warrington. The community is car-dependent with a WalkScore® of 7.
Woodrun
Average Rent
$1,391/Month
Units Available
11 Rentals
Woodrun is an affordable neighborhood in Pensacola with an average rent price of $1,391. Compare this to the city average of $1,318. Woodrun provides easy access to University Town Center, 9 Mile Commons, and Pensacola State, Warrington.
Ensley
Average Rent
$1,469/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
0/100
Units Available
65 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Ensley might be the perfect place! It has an average rent price of $1,469, while the city’s average stands at $1,318. In the last year, prices have increased by 2%. Ensley is near Pensacola State Coll., Plaza North Shopping Center, and Pensacola State Coll., Milton.
Brent-NW Pensacola
Average Rent
$1,484/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
165 Rentals
Brent-NW Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brent-NW Pensacola is $1,484 while the city average is $1,318. This is a -0.4% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Milton, Pine Forest Center, and The University of West Florida. The neighborhood is considered car-dependent with a WalkScore® of 38.
Newcastle Place
Average Rent
$1,504/Month
Units Available
14 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Newcastle Place. The average rent is $1,504, compared to the city average of $1,318. Newcastle Place is convenient to Pensacola International, Shoppes at Milestone, and Pensacola State Coll..
West Pensacola
Average Rent
$1,559/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
0/100
Units Available
20 Rentals
West Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,559. Compare this to the city average of $1,318. In the past year, rent prices have increased by 0.1%. West Pensacola provides easy access to Point Crossing, Pensacola State Coll., and Pensacola State, Warrington. It’s a car-dependent neighborhood with a WalkScore® of 23.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.