Cheapest Neighborhoods in Tallahassee, FL
Some of the cheapest neighborhoods in Tallahassee are Alumni Village, Providence, and Woodland Drives. These neighborhoods offer some of the lowest rent prices in Tallahassee, making them ideal for renters on a budget. As of September 13, 2026, the average rent in Tallahassee is $1,190, which is 0.7% 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.
Alumni Village
Average Rent
$767/Month
Units Available
66 Rentals
If you’re looking for a great, affordable neighborhood in Tallahassee, Alumni Village might be the perfect place! It has an average rent price of $767, while the city’s average stands at $1,190. Alumni Village is near 2450 Springhill Rd, Tallahassee Community College, and 1360-1362 Lake Bradford Rd.
Providence
Average Rent
$769/Month
Year-Over-Year Rent Change
4.6%
Units Available
67 Rentals
Just over a mile from downtown, Providence is close to everything: Florida State University, Florida A&M University, and even Apalachicola National Forest. While it’s close to the center of the city, Providence is a wooded neighborhood with a suburban feel.
Woodland Drives
Average Rent
$1,018/Month
Year-Over-Year Rent Change
9.6%
Units Available
16 Rentals
Woodland Drives is a top choice for budget-conscious renters for a variety of reasons. The average rent in Woodland Drives is $1,018 while the city average is $1,190. This is a -9.6% difference from last year. Residents enjoy convenient access to SoMo Walls', 1540 S Adams St, and Tallahassee-Saint Marks Historic Railroad Trail State Park.
Chapel Ridge
Average Rent
$1,020/Month
Year-Over-Year Rent Change
0.5%
Units Available
79 Rentals
Adjacent to Florida State University and near several other colleges, Chapel Ridge attracts a variety of students. This lively neighborhood is also close to several museums, including the Museum of Florida History. Downtown Tallahassee is just a 10-minute drive from the neighborhood.
Magnolia
Average Rent
$1,058/Month
Year-Over-Year Rent Change
0.2%
Units Available
17 Rentals
When you’re looking for a great Tallahassee neighborhood on a budget, check out Magnolia. The average rent is $1,058, compared to the city average of $1,190. Rent prices have decreased by 0.2%. Magnolia is convenient to Pat Thomas Planetarium, Tallahassee Community College, and Florida A&M Univ..
University
Average Rent
$1,067/Month
Year-Over-Year Rent Change
2.7%
Units Available
393 Rentals
University is located along the west side of Florida State University, offering easy access to campus, shopping, and dining. Renters will enjoy the community's energetic atmosphere and variety of housing options, which includes single-family homes, apartments, and a variety of student housing options.
Killearn
Average Rent
$1,148/Month
Year-Over-Year Rent Change
14.6%
Units Available
34 Rentals
Killearn is a well-established neighborhood offering spacious homes, parks, and top-rated schools. Renters will enjoy the quiet, suburban feel and the community’s proximity to shopping centers and recreational areas. The neighborhood provides a peaceful retreat with easy access to downtown Tallahassee.
Lake Jackson
Average Rent
$1,187/Month
Year-Over-Year Rent Change
2.3%
Units Available
15 Rentals
Lake Jackson is an affordable neighborhood in Tallahassee with an average rent price of $1,187. Compare this to the city average of $1,190. In the past year, rent prices have increased by 2.3%. Lake Jackson provides easy access to Florida State University, Lake Jackson Town Center, and Lake Jackson Mounds Archaeological State Park.
Governors Square
Average Rent
$1,227/Month
Year-Over-Year Rent Change
1.5%
Units Available
83 Rentals
Governors Square is a bustling neighborhood known for its proximity to Governors Square Mall and a variety of shopping and dining options. Renters will appreciate the convenient location and access to parks and schools. The area offers a suburban feel with urban amenities close by.
Old Saint Augustine
Average Rent
$1,235/Month
Year-Over-Year Rent Change
6.6%
Units Available
28 Rentals
If you’re looking for a great, affordable neighborhood in Tallahassee, Old Saint Augustine might be the perfect place! It has an average rent price of $1,235, while the city’s average stands at $1,190. In the last year, prices have increased by 6.6%. Old Saint Augustine is near Challenger Learning Center, 2320 Apalachee Pky, and Brogan Museum of Art and Science.
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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.