Most Affordable Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Pinehurst, Twin Oaks, and Belvedere Park. These neighborhoods offer some of the lowest rent prices in Pensacola, making them ideal for renters on a budget. As of June 18, 2025, the average rent in Pensacola is $1,332, which is 1.8% lower 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.
Pinehurst
Average Rent
$1,095/Month
Units Available
13 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Pinehurst. The average rent is $1,095, compared to the city average of $1,332. Pinehurst is convenient to Corry Field Shopping Mart, Tarkiln Bayou Preserve State Park, and The University of West Florida.
Twin Oaks
Average Rent
$1,115/Month
TransitScore® Rating
0/100
Units Available
14 Rentals
Twin Oaks is an affordable neighborhood in Pensacola with an average rent price of $1,115. Compare this to the city average of $1,332. Twin Oaks provides easy access to Pensacola International, Pensacola State Coll., Milton, and Richey Plaza. It’s a somewhat walkable neighborhood with a WalkScore® of 63.
Belvedere Park
Average Rent
$1,301/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Belvedere Park might be the perfect place! It has an average rent price of $1,301, while the city’s average stands at $1,332. Belvedere Park is near Pensacola State Coll., Milton, Pensacola State, Warrington, and Pensacola State Coll..
Ferry Pass
Average Rent
$1,306/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
5/100
Units Available
170 Rentals
Ferry Pass is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ferry Pass is $1,306 while the city average is $1,332. This is a -1.7% difference from last year. Residents enjoy convenient access to Pensacola International, Pensacola State, Warrington, and Ferry Pass Plaza. The neighborhood is considered car-dependent with a WalkScore® of 38.
Southeast Pensacola
Average Rent
$1,329/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
22/100
Units Available
55 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Southeast Pensacola. The average rent is $1,329, compared to the city average of $1,332. Rent prices have decreased by 0.6%. Southeast Pensacola is convenient to Highland Terrace Shopping Center, Fort Pickens, and Pensacola State Coll.. The community is somewhat walkable with a WalkScore® of 51.
Southwest Pensacola
Average Rent
$1,393/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
88 Rentals
Southwest Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,393. Compare this to the city average of $1,332. In the past year, rent prices have decreased by 1%. Southwest Pensacola provides easy access to Fort Pickens, Park Plaza, and Pensacola International. It’s a car-dependent neighborhood with a WalkScore® of 35.
West Pensacola
Average Rent
$1,417/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
0/100
Units Available
22 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 $1,417, while the city’s average stands at $1,332. In the last year, prices have decreased by 2.6%. West Pensacola is near Pensacola State, Warrington, Pensacola State Coll., and The University of West Florida.
Newcastle Place
Average Rent
$1,465/Month
Units Available
10 Rentals
Newcastle Place is a top choice for budget-conscious renters for a variety of reasons. The average rent in Newcastle Place is $1,465 while the city average is $1,332. Residents enjoy convenient access to Pensacola International, Pine Forest Center, and Pensacola State Coll..
Brent-NW Pensacola
Average Rent
$1,678/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
0/100
Units Available
255 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Brent-NW Pensacola. The average rent is $1,678, compared to the city average of $1,332. Rent prices have decreased by 2.6%. Brent-NW Pensacola is convenient to The University of West Florida, Pensacola International, and Shoppes at Milestone. The community is car-dependent with a WalkScore® of 38.
Ensley
Average Rent
$1,685/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
0/100
Units Available
83 Rentals
Ensley is an affordable neighborhood in Pensacola with an average rent price of $1,685. Compare this to the city average of $1,332. In the past year, rent prices have decreased by 3.5%. Ensley provides easy access to Plaza North Shopping Center, Nine Mile Square, and The University of West Florida. It’s a car-dependent neighborhood with a WalkScore® of 37.
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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.