Most Affordable Neighborhoods in Pensacola, FL

Some of the cheapest neighborhoods in Pensacola are West Pensacola, Ferry Pass, and Southeast Pensacola. These neighborhoods offer some of the lowest rent prices in Pensacola, making them ideal for renters on a budget. As of March 3, 2025, the average rent in Pensacola is $1,339, which is 1.4% 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.

West Pensacola

Average Rent

$1,274/Month

Year-Over-Year Rent Change

9.6%

TransitScore® Rating

0/100

Units Available

14 Rentals

When you’re looking for a great Pensacola neighborhood on a budget, check out West Pensacola. The average rent is $1,274, compared to the city average of $1,339. Rent prices have decreased by 9.6%. West Pensacola is convenient to Point Crossing, The University of West Florida, and Pensacola State Coll.. The community is car-dependent with a WalkScore® of 23.

Apartments for Rent in West Pensacola West Pensacola Cheap Apartments

Ferry Pass

Average Rent

$1,326/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

5/100

Units Available

140 Rentals

Ferry Pass is an affordable neighborhood in Pensacola with an average rent price of $1,326. Compare this to the city average of $1,339. In the past year, rent prices have increased by 0.4%. Ferry Pass provides easy access to Pensacola State Coll., The University of West Florida, and Pensacola State, Warrington. It’s a car-dependent neighborhood with a WalkScore® of 38.

Apartments for Rent in Ferry Pass Ferry Pass Cheap Apartments Ferry Pass Low Income Apartments

Southeast Pensacola

Average Rent

$1,376/Month

Year-Over-Year Rent Change

5.3%

TransitScore® Rating

22/100

Units Available

42 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 $1,376, while the city’s average stands at $1,339. In the last year, prices have increased by 5.3%. Southeast Pensacola is near The University of West Florida, Pensacola International, and Pensacola State, Warrington.

Apartments for Rent in Southeast Pensacola Southeast Pensacola Cheap Apartments

Southwest Pensacola

Average Rent

$1,398/Month

Year-Over-Year Rent Change

2%

TransitScore® Rating

0/100

Units Available

88 Rentals

Southwest Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwest Pensacola is $1,398 while the city average is $1,339. This is a 2% difference from last year. Residents enjoy convenient access to Pensacola International, Pensacola State, Warrington, and Pensacola State Coll., Milton. The neighborhood is considered car-dependent with a WalkScore® of 35.

Apartments for Rent in Southwest Pensacola Southwest Pensacola Cheap Apartments Southwest Pensacola Low Income Apartments

Ensley

Average Rent

$1,605/Month

Year-Over-Year Rent Change

0.5%

TransitScore® Rating

0/100

Units Available

63 Rentals

When you’re looking for a great Pensacola neighborhood on a budget, check out Ensley. The average rent is $1,605, compared to the city average of $1,339. Rent prices have decreased by 0.5%. Ensley is convenient to Pensacola State, Warrington, The University of West Florida, and Pensacola International. The community is car-dependent with a WalkScore® of 37.

Apartments for Rent in Ensley Ensley Cheap Apartments Ensley Low Income Apartments

Brent-NW Pensacola

Average Rent

$1,610/Month

Year-Over-Year Rent Change

5.5%

TransitScore® Rating

0/100

Units Available

202 Rentals

Brent-NW Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,610. Compare this to the city average of $1,339. In the past year, rent prices have decreased by 5.5%. Brent-NW Pensacola provides easy access to Pine Forest Center, Pensacola State Coll., and Shoppes at Milestone. It’s a car-dependent neighborhood with a WalkScore® of 38.

Apartments for Rent in Brent-NW Pensacola Brent-NW Pensacola Cheap Apartments Brent-NW Pensacola Low Income Apartments

South Pensacola

Average Rent

$1,934/Month

Year-Over-Year Rent Change

6.2%

TransitScore® Rating

15/100

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 $1,934, while the city’s average stands at $1,339. In the last year, prices have increased by 6.2%. South Pensacola is near Peoples Plaza, Pensacola International, and Barnes.

Apartments for Rent in South Pensacola South Pensacola Cheap Apartments South Pensacola Low Income Apartments

Downtown Pensacola

Average Rent

$2,243/Month

Year-Over-Year Rent Change

21%

TransitScore® Rating

35/100

Units Available

38 Rentals

Downtown Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Pensacola is $2,243 while the city average is $1,339. This is a 21% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Milton, Gregory Center, and Pace Plaza. The neighborhood is considered walkable with a WalkScore® of 74.

Apartments for Rent in Downtown Pensacola Downtown Pensacola Cheap Apartments

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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.