Cheapest Neighborhoods in Pensacola, FL
Some of the cheapest neighborhoods in Pensacola are Southeast Pensacola, Southwest 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 September 22, 2026, the average rent in Pensacola is $1,357, which is 0.9% 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
$1,337/Month
Year-Over-Year Rent Change
3.9%
Units Available
42 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Southeast Pensacola. The average rent is $1,337, compared to the city average of $1,357. Rent prices have increased by 3.9%. Southeast Pensacola is convenient to Pensacola (Downtown), Pensacola Beach - Quietwater, and Fairfield Shopping Center.
Southwest Pensacola
Average Rent
$1,357/Month
Year-Over-Year Rent Change
0.5%
Units Available
95 Rentals
Southwest Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,357. Compare this to the city average of $1,357. In the past year, rent prices have increased by 0.5%. Southwest Pensacola provides easy access to Perdido Key State Park, Pensacola State Coll., Milton, and Fort Pickens.
Ferry Pass
Average Rent
$1,366/Month
Year-Over-Year Rent Change
2%
Units Available
140 Rentals
If you’re looking for a great, affordable neighborhood in Pensacola, Ferry Pass might be the perfect place! It has an average rent price of $1,366, while the city’s average stands at $1,357. In the last year, prices have increased by 2%. Ferry Pass is near Creighton Square, The University of West Florida, and Pensacola (Downtown).
Brent-NW Pensacola
Average Rent
$1,510/Month
Year-Over-Year Rent Change
0.8%
Units Available
161 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 $1,510 while the city average is $1,357. This is a 0.8% difference from last year. Residents enjoy convenient access to Pensacola State Coll., The University of West Florida, and Pensacola (Downtown).
Ensley
Average Rent
$1,516/Month
Year-Over-Year Rent Change
3.3%
Units Available
91 Rentals
When you’re looking for a great Pensacola neighborhood on a budget, check out Ensley. The average rent is $1,516, compared to the city average of $1,357. Rent prices have increased by 3.3%. Ensley is convenient to The University of West Florida, Pensacola State Coll., and Pensacola International.
West Pensacola
Average Rent
$1,609/Month
Year-Over-Year Rent Change
0.6%
Units Available
16 Rentals
West Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,609. Compare this to the city average of $1,357. In the past year, rent prices have decreased by 0.6%. West Pensacola provides easy access to Pensacola State Coll., Pensacola State, Warrington, and Tarkiln Bayou Preserve State Park.
South Pensacola
Average Rent
$1,819/Month
Year-Over-Year Rent Change
0.5%
Units Available
51 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 $1,819, while the city’s average stands at $1,357. In the last year, prices have increased by 0.5%. South Pensacola is near Peoples Plaza, Pensacola State Coll., and Tarkiln Bayou Preserve State Park.
Downtown Pensacola
Average Rent
$1,942/Month
Year-Over-Year Rent Change
1.7%
Units Available
68 Rentals
Downtown Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Pensacola is $1,942 while the city average is $1,357. This is a -1.7% difference from last year. Residents enjoy convenient access to Fort Pickens, Pensacola State Coll., and The University of West Florida.
Ready to make your move to Pensacola? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.