Most Affordable Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Ferry Pass, Southeast Pensacola, 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 2, 2025, the average rent in Pensacola is $1,324, which is 2% 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.
Ferry Pass
Average Rent
$1,275/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
5/100
Units Available
172 Rentals
Ferry Pass is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ferry Pass is $1,275 while the city average is $1,324. This is a -2% difference from last year. Residents enjoy convenient access to Pensacola International, Pensacola State, Warrington, and Thomas Reynolds Shopping Center North. The neighborhood is considered car-dependent with a WalkScore® of 38.
Southeast Pensacola
Average Rent
$1,301/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
22/100
Units Available
56 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Southeast Pensacola. The average rent is $1,301, compared to the city average of $1,324. Rent prices have decreased by 2.8%. Southeast Pensacola is convenient to The Shops Of East Hill, Pensacola State Coll., and Fort Pickens. The community is somewhat walkable with a WalkScore® of 51.
Southwest Pensacola
Average Rent
$1,316/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
0/100
Units Available
105 Rentals
Southwest Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,316. Compare this to the city average of $1,324. In the past year, rent prices have decreased by 0.4%. Southwest Pensacola provides easy access to Pensacola State, Warrington, Fort Pickens, and Park Plaza. It’s a car-dependent neighborhood with a WalkScore® of 35.
West Pensacola
Average Rent
$1,346/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
0/100
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 $1,346, while the city’s average stands at $1,324. In the last year, prices have decreased by 4.9%. West Pensacola is near Tarkiln Bayou Preserve State Park, The University of West Florida, and Pine Forest Center.
South Pensacola
Average Rent
$1,501/Month
Year-Over-Year Rent Change
6.7%
TransitScore® Rating
15/100
Units Available
30 Rentals
South Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Pensacola is $1,501 while the city average is $1,324. This is a 6.7% difference from last year. Residents enjoy convenient access to Barnes, Pensacola State Coll., Milton, and Pensacola State, Warrington. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
Ensley
Average Rent
$1,642/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
0/100
Units Available
55 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ensley. The average rent is $1,642, compared to the city average of $1,324. Rent prices have decreased by 3.4%. Ensley is convenient to Pensacola State Coll., The University of West Florida, and Nine Mile Square. The community is car-dependent with a WalkScore® of 37.
Brent-NW Pensacola
Average Rent
$1,710/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
0/100
Units Available
205 Rentals
Brent-NW Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,710. Compare this to the city average of $1,324. In the past year, rent prices have decreased by 1.6%. Brent-NW Pensacola provides easy access to Pensacola State, Warrington, The University of West Florida, and Point Crossing. It’s a car-dependent neighborhood with a WalkScore® of 38.
Downtown Pensacola
Average Rent
$1,929/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
35/100
Units Available
39 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 $1,929, while the city’s average stands at $1,324. In the last year, prices have decreased by 4%. Downtown Pensacola is near Peoples Plaza, Gregory Center, 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.