Average Rent in Tallahassee, FL↑ Rents rising 5.3% YoY

Tallahassee, FL has rental prices ranging from $1,186/month to $1,871/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,264/month — 10% below the national average of $1,400/month. With a median household income of $63,078/year, spending $1,264/month on a 1-bedroom represents 24% of gross income — within the recommended 30% threshold.

How Tallahassee Compares

With an average 2-bedroom rent of $1,424/month, Tallahassee ranks #24 most expensive of the 56 cities tracked in Florida — pricier than 87% of all US cities in our data.

The Tallahassee Rental Market

The Tallahassee, FL area has a population of about 388,298 and 43% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Tallahassee, FL have risen by $72/month (5.3%) over the past year, from $1,352 to $1,424. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Tallahassee, FL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $50,560. The local median household income of $63,078 exceeds that threshold by $12,518, making Tallahassee relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Tallahassee, FL is $291,188, giving a price-to-rent ratio of 17.0. With a break-even horizon of approximately 17 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Tallahassee's neighborhoods. Among the highest-value areas are Providence ($117,326 median home value), Bond ($131,130 median home value), Griffin Heights ($132,428 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Tallahassee, FL Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Tallahassee?

Break-even analysis and mortgage estimates based on local market data.

Living in Tallahassee

Cost of living, job market, crime rates, and moving cost estimates.