Most Affordable Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Twin Oaks, Southeast Pensacola, 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 4, 2025, the average rent in Pensacola is $1,336, which is 0.4% 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.
Twin Oaks
Average Rent
$1,104/Month
TransitScore® Rating
0/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Twin Oaks might be the perfect place! It has an average rent price of $1,104, while the city’s average stands at $1,336. Twin Oaks is near Navy Park, Tarkiln Bayou Preserve State Park, and Corry Field Shopping Mart.
Southeast Pensacola
Average Rent
$1,314/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
22/100
Units Available
44 Rentals
Southeast Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southeast Pensacola is $1,314 while the city average is $1,336. This is a 0.1% difference from last year. Residents enjoy convenient access to Pensacola State, Warrington, Pensacola State Coll., and Fort Pickens. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
Ferry Pass
Average Rent
$1,340/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
5/100
Units Available
154 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ferry Pass. The average rent is $1,340, compared to the city average of $1,336. Rent prices have increased by 0.1%. Ferry Pass is convenient to Pensacola State, Warrington, Pensacola State Coll., and Pensacola State Coll., Milton. The community is car-dependent with a WalkScore® of 38.
Belvedere Park
Average Rent
$1,347/Month
Units Available
12 Rentals
Belvedere Park is an affordable neighborhood in Pensacola with an average rent price of $1,347. Compare this to the city average of $1,336. Belvedere Park provides easy access to Dunmire Village, The University of West Florida, and Pensacola State Coll., Milton.
Southwest Pensacola
Average Rent
$1,421/Month
Year-Over-Year Rent Change
5.5%
TransitScore® Rating
0/100
Units Available
68 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Southwest Pensacola might be the perfect place! It has an average rent price of $1,421, while the city’s average stands at $1,336. In the last year, prices have increased by 5.5%. Southwest Pensacola is near Perdido Bay Market Shopping Center, The University of West Florida, and Big Lagoon State Park.
West Pensacola
Average Rent
$1,480/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
0/100
Units Available
12 Rentals
West Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Pensacola is $1,480 while the city average is $1,336. This is a 1.6% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Point Crossing, and Pensacola State Coll., Milton. The neighborhood is considered car-dependent with a WalkScore® of 23.
Newcastle Place
Average Rent
$1,512/Month
Units Available
10 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Newcastle Place. The average rent is $1,512, compared to the city average of $1,336. Newcastle Place is convenient to The University of West Florida, Pensacola State Coll., Milton, and Pensacola International.
Ensley
Average Rent
$1,608/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
0/100
Units Available
67 Rentals
Ensley is an affordable neighborhood in Pensacola with an average rent price of $1,608. Compare this to the city average of $1,336. In the past year, rent prices have increased by 0.6%. Ensley provides easy access to Pensacola State Coll., Pensacola State, Warrington, and The University of West Florida. It’s a car-dependent neighborhood with a WalkScore® of 37.
Brent-NW Pensacola
Average Rent
$1,620/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
244 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Brent-NW Pensacola might be the perfect place! It has an average rent price of $1,620, while the city’s average stands at $1,336. In the last year, prices have decreased by 0.7%. Brent-NW Pensacola is near Shoppes at Milestone, Pensacola State, Warrington, and Pensacola International.
South Pensacola
Average Rent
$2,288/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
15/100
Units Available
17 Rentals
South Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Pensacola is $2,288 while the city average is $1,336. This is a 7% difference from last year. Residents enjoy convenient access to Pensacola State, Warrington, Fort Pickens, and Barnes. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
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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.