Best Affordable 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 May 1, 2026, the average rent in Tallahassee is $1,173, which is 1.4% 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.
Alumni Village
Average Rent
$798/Month
Units Available
70 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 $798, while the city’s average stands at $1,173. Alumni Village is near College Town, Tallahassee Community College, and The Village.
Providence
Average Rent
$800/Month
Year-Over-Year Rent Change
3.9%
Units Available
71 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
$978/Month
Year-Over-Year Rent Change
6.4%
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 $978 while the city average is $1,173. This is a -6.4% difference from last year. Residents enjoy convenient access to Florida A&M Univ., Tallahassee Community College, and Adams Street Plaza.
Chapel Ridge
Average Rent
$983/Month
Year-Over-Year Rent Change
0.6%
Units Available
112 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.
Killearn
Average Rent
$1,096/Month
Year-Over-Year Rent Change
18.2%
Units Available
46 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.
University
Average Rent
$1,097/Month
Year-Over-Year Rent Change
3.9%
Units Available
437 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.
Old Saint Augustine
Average Rent
$1,141/Month
Year-Over-Year Rent Change
5.8%
Units Available
31 Rentals
When you’re looking for a great Tallahassee neighborhood on a budget, check out Old Saint Augustine. The average rent is $1,141, compared to the city average of $1,173. Rent prices have increased by 5.8%. Old Saint Augustine is convenient to Florida A&M Univ., Tallahassee International, and Victory Garden Place.
Magnolia
Average Rent
$1,158/Month
Year-Over-Year Rent Change
0.2%
Units Available
17 Rentals
Magnolia is an affordable neighborhood in Tallahassee with an average rent price of $1,158. Compare this to the city average of $1,173. In the past year, rent prices have decreased by 0.2%. Magnolia provides easy access to Florida A&M Univ., Parkway Center, and Tallahassee International.
Midtown Tallahassee
Average Rent
$1,181/Month
Year-Over-Year Rent Change
3%
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Tallahassee, Midtown Tallahassee might be the perfect place! It has an average rent price of $1,181, while the city’s average stands at $1,173. In the last year, prices have increased by 3%. Midtown Tallahassee is near Miracle Plaza, Pat Thomas Planetarium, and Betton Place.
Frenchtown
Average Rent
$1,194/Month
Year-Over-Year Rent Change
0.7%
Units Available
16 Rentals
Frenchtown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Frenchtown is $1,194 while the city average is $1,173. This is a 0.7% difference from last year. Residents enjoy convenient access to Venture West, Challenger Learning Center, and Florida A&M Univ..
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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.