Cheapest 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 June 23, 2026, the average rent in Pensacola is $1,369, which is 0.8% 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
$1,274/Month
Year-Over-Year Rent Change
0.1%
Units Available
38 Rentals
Southeast Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southeast Pensacola is $1,274 while the city average is $1,369. This is a 0.1% difference from last year. Residents enjoy convenient access to Fort Pickens, Pensacola State Coll., and Pensacola State, Warrington.
Ferry Pass
Average Rent
$1,351/Month
Year-Over-Year Rent Change
0.8%
Units Available
126 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ferry Pass. The average rent is $1,351, compared to the city average of $1,369. Rent prices have increased by 0.8%. Ferry Pass is convenient to The University of West Florida, Ferry Pass Plaza, and Pensacola State, Warrington.
Southwest Pensacola
Average Rent
$1,412/Month
Year-Over-Year Rent Change
2.8%
Units Available
87 Rentals
Southwest Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,412. Compare this to the city average of $1,369. In the past year, rent prices have increased by 2.8%. Southwest Pensacola provides easy access to Fort Pickens, Big Lagoon State Park, and Park Plaza.
South Pensacola
Average Rent
$1,493/Month
Year-Over-Year Rent Change
0.1%
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, South Pensacola might be the perfect place! It has an average rent price of $1,493, while the city’s average stands at $1,369. In the last year, prices have increased by 0.1%. South Pensacola is near Pensacola State Coll., Milton, Pensacola State, Warrington, and Pensacola International.
Ensley
Average Rent
$1,520/Month
Year-Over-Year Rent Change
1%
Units Available
87 Rentals
Ensley is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ensley is $1,520 while the city average is $1,369. This is a -1% difference from last year. Residents enjoy convenient access to The University of West Florida, Pensacola State, Warrington, and Pensacola State Coll., Milton.
Brent-NW Pensacola
Average Rent
$1,562/Month
Year-Over-Year Rent Change
1.1%
Units Available
163 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Brent-NW Pensacola. The average rent is $1,562, compared to the city average of $1,369. Rent prices have increased by 1.1%. Brent-NW Pensacola is convenient to Pensacola State Coll., Milton, Pensacola International, and Pine Forest Center.
West Pensacola
Average Rent
$1,832/Month
Year-Over-Year Rent Change
0.9%
Units Available
13 Rentals
West Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,832. Compare this to the city average of $1,369. In the past year, rent prices have increased by 0.9%. West Pensacola provides easy access to Pensacola State Coll., Pensacola International, and Tarkiln Bayou Preserve State Park.
Downtown Pensacola
Average Rent
$1,852/Month
Year-Over-Year Rent Change
1.2%
Units Available
35 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Downtown Pensacola might be the perfect place! It has an average rent price of $1,852, while the city’s average stands at $1,369. In the last year, prices have decreased by 1.2%. Downtown Pensacola is near The University of West Florida, Pensacola State Coll., and Pensacola State Coll., Milton.
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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.