Best Affordable Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Southeast Pensacola, Ferry Pass, and Southwest Pensacola. These neighborhoods offer some of the lowest rent prices in Pensacola, making them ideal for renters on a budget. As of May 9, 2026, the average rent in Pensacola is $1,351, which is 0.1% 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.
Southeast Pensacola
Average Rent
$1,252/Month
Year-Over-Year Rent Change
1.4%
Units Available
48 Rentals
Southeast Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southeast Pensacola is $1,252 while the city average is $1,351. This is a -1.4% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Milton, The University of West Florida, and Fairfield Shopping Center.
Ferry Pass
Average Rent
$1,343/Month
Year-Over-Year Rent Change
1%
Units Available
129 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ferry Pass. The average rent is $1,343, compared to the city average of $1,351. Rent prices have increased by 1%. Ferry Pass is convenient to Thomas Reynolds Shopping Center North, Ferry Pass Plaza, and Pensacola State, Warrington.
Southwest Pensacola
Average Rent
$1,395/Month
Year-Over-Year Rent Change
2.6%
Units Available
74 Rentals
Southwest Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,395. Compare this to the city average of $1,351. In the past year, rent prices have decreased by 2.6%. Southwest Pensacola provides easy access to Tarkiln Bayou Preserve State Park, Pensacola State Coll., Milton, and Perdido Key State Park.
Ensley
Average Rent
$1,524/Month
Year-Over-Year Rent Change
0.7%
Units Available
99 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 $1,524, while the city’s average stands at $1,351. In the last year, prices have increased by 0.7%. Ensley is near Lowes Shopping Center, Pensacola International, and Pensacola State Coll., Milton.
Brent-NW Pensacola
Average Rent
$1,556/Month
Year-Over-Year Rent Change
0.8%
Units Available
183 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 $1,556 while the city average is $1,351. This is a 0.8% difference from last year. Residents enjoy convenient access to Pensacola International, Pensacola State Coll., Milton, and Pensacola State Coll..
West Pensacola
Average Rent
$1,620/Month
Year-Over-Year Rent Change
0.3%
Units Available
18 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out West Pensacola. The average rent is $1,620, compared to the city average of $1,351. Rent prices have decreased by 0.3%. West Pensacola is convenient to Tarkiln Bayou Preserve State Park, Pensacola State, Warrington, and Pensacola State Coll., Milton.
Downtown Pensacola
Average Rent
$1,857/Month
Year-Over-Year Rent Change
2.1%
Units Available
30 Rentals
Downtown Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,857. Compare this to the city average of $1,351. In the past year, rent prices have decreased by 2.1%. Downtown Pensacola provides easy access to Fort Pickens, Pensacola International, and Peoples Plaza.
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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.