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 March 24, 2026, the average rent in Pensacola is $1,340, which is 0.2% 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.
Southeast Pensacola
Average Rent
$1,256/Month
Year-Over-Year Rent Change
1%
Units Available
37 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Southeast Pensacola might be the perfect place! It has an average rent price of $1,256, while the city’s average stands at $1,340. In the last year, prices have decreased by 1%. Southeast Pensacola is near The University of West Florida, The Shops Of East Hill, and Highland Terrace Shopping Center.
Ferry Pass
Average Rent
$1,332/Month
Year-Over-Year Rent Change
1.8%
Units Available
140 Rentals
Ferry Pass is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ferry Pass is $1,332 while the city average is $1,340. This is a 1.8% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Pensacola State, Warrington, and Thomas Reynolds Shopping Center North.
Southwest Pensacola
Average Rent
$1,360/Month
Units Available
53 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Southwest Pensacola. The average rent is $1,360, compared to the city average of $1,340. Southwest Pensacola is convenient to Pensacola State Coll., Milton, Pensacola State Coll., and Park Plaza.
Newcastle Place
Average Rent
$1,460/Month
Units Available
17 Rentals
Newcastle Place is an affordable neighborhood in Pensacola with an average rent price of $1,460. Compare this to the city average of $1,340. Newcastle Place provides easy access to Lowes Shopping Center, Pensacola State, Warrington, and Pensacola International.
South Pensacola
Average Rent
$1,475/Month
Year-Over-Year Rent Change
1.1%
Units Available
17 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 $1,475, while the city’s average stands at $1,340. In the last year, prices have decreased by 1.1%. South Pensacola is near Pensacola State Coll., The University of West Florida, and Pensacola International.
Brent-NW Pensacola
Average Rent
$1,547/Month
Year-Over-Year Rent Change
1.9%
Units Available
176 Rentals
Brent-NW Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brent-NW Pensacola is $1,547 while the city average is $1,340. This is a 1.9% difference from last year. Residents enjoy convenient access to Pensacola International, The University of West Florida, and Shoppes at Milestone.
Ensley
Average Rent
$1,556/Month
Year-Over-Year Rent Change
0.2%
Units Available
99 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ensley. The average rent is $1,556, compared to the city average of $1,340. Rent prices have increased by 0.2%. Ensley is convenient to Pensacola State Coll., Milton, Pensacola State, Warrington, and Pensacola International.
West Pensacola
Average Rent
$1,618/Month
Year-Over-Year Rent Change
1.7%
Units Available
20 Rentals
West Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,618. Compare this to the city average of $1,340. In the past year, rent prices have increased by 1.7%. West Pensacola provides easy access to Pensacola State, Warrington, Tarkiln Bayou Preserve State Park, and Pensacola State Coll..
Downtown Pensacola
Average Rent
$1,920/Month
Year-Over-Year Rent Change
12.7%
Units Available
40 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 $1,920, while the city’s average stands at $1,340. In the last year, prices have decreased by 12.7%. Downtown Pensacola is near Pensacola State Coll., Milton, Fort Pickens, and Pensacola State Coll..
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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.