Cheapest Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Southeast Pensacola, Coral Creek, and Ferry Pass. These neighborhoods offer some of the lowest rent prices in Pensacola, making them ideal for renters on a budget. As of August 7, 2026, the average rent in Pensacola is $1,363, which is 2% 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
$1,294/Month
Year-Over-Year Rent Change
3.5%
Units Available
30 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Southeast Pensacola. The average rent is $1,294, compared to the city average of $1,363. Rent prices have increased by 3.5%. Southeast Pensacola is convenient to 2014-2050 12th Ave, The Shops Of East Hill, and Pensacola International.
Coral Creek
Average Rent
$1,339/Month
Units Available
10 Rentals
Coral Creek is an affordable neighborhood in Pensacola with an average rent price of $1,339. Compare this to the city average of $1,363. Coral Creek provides easy access to Sorrento Plaza, Pensacola State, Warrington, and Pair Plaza.
Ferry Pass
Average Rent
$1,350/Month
Year-Over-Year Rent Change
2.6%
Units Available
123 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 $1,350, while the city’s average stands at $1,363. In the last year, prices have increased by 2.6%. Ferry Pass is near Pensacola State Coll., Thomas Reynolds Shopping Center North, and Ferry Pass Plaza.
Southwest Pensacola
Average Rent
$1,380/Month
Year-Over-Year Rent Change
0.7%
Units Available
93 Rentals
Southwest Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwest Pensacola is $1,380 while the city average is $1,363. This is a 0.7% difference from last year. Residents enjoy convenient access to Fort Pickens, Pensacola State Coll., Milton, and Perdido Key State Park.
Ensley
Average Rent
$1,483/Month
Year-Over-Year Rent Change
1.4%
Units Available
97 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ensley. The average rent is $1,483, compared to the city average of $1,363. Rent prices have increased by 1.4%. Ensley is convenient to Pensacola International, Lowes Shopping Center, and Pensacola State, Warrington.
Brent-NW Pensacola
Average Rent
$1,507/Month
Year-Over-Year Rent Change
3.1%
Units Available
200 Rentals
Brent-NW Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,507. Compare this to the city average of $1,363. In the past year, rent prices have increased by 3.1%. Brent-NW Pensacola provides easy access to 7841 Pine Forest Rd, Pensacola International, and The University of West Florida.
West Pensacola
Average Rent
$1,642/Month
Year-Over-Year Rent Change
0.8%
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, West Pensacola might be the perfect place! It has an average rent price of $1,642, while the city’s average stands at $1,363. In the last year, prices have decreased by 0.8%. West Pensacola is near 7846 Pine Forest Rd, Pensacola State Coll., Milton, and 7841 Pine Forest Rd.
South Pensacola
Average Rent
$1,754/Month
Year-Over-Year Rent Change
0.1%
Units Available
38 Rentals
South Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Pensacola is $1,754 while the city average is $1,363. This is a 0.1% difference from last year. Residents enjoy convenient access to Pensacola International, Pace Plaza, and Pensacola (Downtown).
Downtown Pensacola
Average Rent
$1,939/Month
Year-Over-Year Rent Change
2%
Units Available
48 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Downtown Pensacola. The average rent is $1,939, compared to the city average of $1,363. Rent prices have decreased by 2%. Downtown Pensacola is convenient to Gregory Center, Pensacola State Coll., and The University of West Florida.
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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.