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 February 7, 2026, the average rent in Pensacola is $1,341, which is 0% 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
$1,265/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
22/100
Units Available
82 Rentals
Southeast Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southeast Pensacola is $1,265 while the city average is $1,341. This is a 2.8% difference from last year. Residents enjoy convenient access to The Shops Of East Hill, Pensacola State, Warrington, and Fairfield Shopping Center. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
Ferry Pass
Average Rent
$1,289/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
5/100
Units Available
182 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ferry Pass. The average rent is $1,289, compared to the city average of $1,341. Rent prices have increased by 1.1%. Ferry Pass is convenient to Pensacola International, The University of West Florida, and Ferry Pass Plaza. The community is car-dependent with a WalkScore® of 38.
Southwest Pensacola
Average Rent
$1,340/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
0/100
Units Available
70 Rentals
Southwest Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,340. Compare this to the city average of $1,341. In the past year, rent prices have decreased by 0.2%. Southwest Pensacola provides easy access to Fort Pickens, Park Plaza, and Tarkiln Bayou Preserve State Park. It’s a car-dependent neighborhood with a WalkScore® of 35.
Marcus Pointe
Average Rent
$1,343/Month
TransitScore® Rating
0/100
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Marcus Pointe might be the perfect place! It has an average rent price of $1,343, while the city’s average stands at $1,341. Marcus Pointe is near The University of West Florida, W Street Plaza, and Westgate Village.
South Pensacola
Average Rent
$1,467/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
15/100
Units Available
17 Rentals
South Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Pensacola is $1,467 while the city average is $1,341. This is a 0.2% difference from last year. Residents enjoy convenient access to Peoples Plaza, Tarkiln Bayou Preserve State Park, and Barnes. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
Newcastle Place
Average Rent
$1,475/Month
Units Available
15 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Newcastle Place. The average rent is $1,475, compared to the city average of $1,341. Newcastle Place is convenient to Lowes Shopping Center, Pensacola State, Warrington, and The University of West Florida.
Ensley
Average Rent
$1,490/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
87 Rentals
Ensley is an affordable neighborhood in Pensacola with an average rent price of $1,490. Compare this to the city average of $1,341. In the past year, rent prices have decreased by 0.7%. Ensley provides easy access to Lowes Shopping Center, Pensacola International, and Pensacola State Coll., Milton. It’s a car-dependent neighborhood with a WalkScore® of 37.
Brent-NW Pensacola
Average Rent
$1,515/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
0/100
Units Available
179 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Brent-NW Pensacola might be the perfect place! It has an average rent price of $1,515, while the city’s average stands at $1,341. In the last year, prices have decreased by 0.1%. Brent-NW Pensacola is near Shoppes at Milestone, Pine Forest Center, and Point Crossing.
West Pensacola
Average Rent
$1,575/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
0/100
Units Available
21 Rentals
West Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Pensacola is $1,575 while the city average is $1,341. This is a 2% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Pine Forest Center, and Pensacola State Coll., Milton. The neighborhood is considered car-dependent with a WalkScore® of 23.
Downtown Pensacola
Average Rent
$1,929/Month
Year-Over-Year Rent Change
10.9%
TransitScore® Rating
35/100
Units Available
41 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Downtown Pensacola. The average rent is $1,929, compared to the city average of $1,341. Rent prices have decreased by 10.9%. Downtown Pensacola is convenient to Gregory Center, Pensacola State Coll., Milton, and Pensacola State, Warrington. The community is walkable with a WalkScore® of 74.
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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.