Most 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 April 5, 2025, the average rent in Pensacola is $1,335, which is 1.1% 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

$1,272/Month

Year-Over-Year Rent Change

4%

TransitScore® Rating

22/100

Units Available

55 Rentals

When you’re looking for a great Pensacola neighborhood on a budget, check out Southeast Pensacola. The average rent is $1,272, compared to the city average of $1,335. Rent prices have decreased by 4%. Southeast Pensacola is convenient to Pensacola State Coll., Highland Terrace Shopping Center, and The Shops Of East Hill. The community is somewhat walkable with a WalkScore® of 51.

Apartments for Rent in Southeast Pensacola Southeast Pensacola Cheap Apartments

Ferry Pass

Average Rent

$1,282/Month

Year-Over-Year Rent Change

2.4%

TransitScore® Rating

5/100

Units Available

153 Rentals

Ferry Pass is an affordable neighborhood in Pensacola with an average rent price of $1,282. Compare this to the city average of $1,335. In the past year, rent prices have decreased by 2.4%. Ferry Pass provides easy access to Northcross Village, Ferry Pass Plaza, and Pensacola State Coll., Milton. 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

Southwest Pensacola

Average Rent

$1,340/Month

Year-Over-Year Rent Change

0.6%

TransitScore® Rating

0/100

Units Available

114 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 $1,340, while the city’s average stands at $1,335. In the last year, prices have decreased by 0.6%. Southwest Pensacola is near The University of West Florida, Pensacola State Coll., Milton, and Pensacola State Coll..

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

West Pensacola

Average Rent

$1,352/Month

Year-Over-Year Rent Change

5%

TransitScore® Rating

0/100

Units Available

16 Rentals

West Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Pensacola is $1,352 while the city average is $1,335. This is a -5% difference from last year. Residents enjoy convenient access to Tarkiln Bayou Preserve State Park, Pensacola State Coll., and The University of West Florida. The neighborhood is considered car-dependent with a WalkScore® of 23.

Apartments for Rent in West Pensacola West Pensacola Cheap Apartments

South Pensacola

Average Rent

$1,564/Month

Year-Over-Year Rent Change

6.8%

TransitScore® Rating

15/100

Units Available

31 Rentals

When you’re looking for a great Pensacola neighborhood on a budget, check out South Pensacola. The average rent is $1,564, compared to the city average of $1,335. Rent prices have increased by 6.8%. South Pensacola is convenient to Peoples Plaza, Pace Plaza, and Pensacola International. The community is somewhat walkable with a WalkScore® of 52.

Apartments for Rent in South Pensacola South Pensacola Cheap Apartments

Brent-NW Pensacola

Average Rent

$1,612/Month

Year-Over-Year Rent Change

4.8%

TransitScore® Rating

0/100

Units Available

188 Rentals

Brent-NW Pensacola is an affordable neighborhood in Pensacola with an average rent price of $1,612. Compare this to the city average of $1,335. In the past year, rent prices have decreased by 4.8%. Brent-NW Pensacola provides easy access to Pensacola International, Pensacola State, Warrington, and Pensacola State Coll.. 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

Ensley

Average Rent

$1,628/Month

Year-Over-Year Rent Change

4.8%

TransitScore® Rating

0/100

Units Available

68 Rentals

If you’re looking for a great, affordable neighborhood in Pensacola, Ensley might be the perfect place! It has an average rent price of $1,628, while the city’s average stands at $1,335. In the last year, prices have decreased by 4.8%. Ensley is near Pensacola State, Warrington, The University of West Florida, and Pensacola International.

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

Downtown Pensacola

Average Rent

$2,050/Month

Year-Over-Year Rent Change

4.1%

TransitScore® Rating

35/100

Units Available

39 Rentals

Downtown Pensacola is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Pensacola is $2,050 while the city average is $1,335. This is a 4.1% difference from last year. Residents enjoy convenient access to Pensacola State Coll., Milton, Pensacola State, Warrington, and Pensacola State Coll.. 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.