Cheap Apartments for Rent in the College Terrace Neighborhood of Tallahassee, FL from $300 (111 Rentals)

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Search the lowest-cost Apartments available for rent right now in the College Terrace area of Tallahassee.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 700 Liberty St

$675 - $725

1 Bedroom Rentals

Available Now

700 Liberty St

TallahasseeFL32310

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 390 Prince St

$900 - $950

2 Bedroom Rentals

Available Aug 14

390 Prince St

TallahasseeFL32304

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Conklin Commons
1 to 2 Bedroom Apartments

Conklin Commons

1220-1230 Conklin StTallahassee, FL 32310
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Columbia House
1 Bedroom Apartments

Columbia House

2303-2316 Columbia CtTallahassee, FL 32304

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Magnolia Courts
1 to 2 Bedroom Apartments

Magnolia Courts

1525-1541 Mccaskill AveTallahassee, FL 32310
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Lake Lodge
1 Bedroom Apartments

Lake Lodge

1320 Lake AveTallahassee, FL 32310
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Capitol Village
1 to 2 Bedroom Apartments

Capitol Village

420 E Park AveTallahassee, FL 32301
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Cottages of Glenda
1 to 2 Bedroom Apartments

Cottages of Glenda

1411-1419 Glenda DrTallahassee, FL 32304
Student Housing
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Arrowhead Apartments
1 to 2 Bedroom Apartments

Arrowhead Apartments

325 Hayden RdTallahassee, FL 32304
Student Housing
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Palm Beach Apartments
1 to 2 Bedroom Apartments

Palm Beach Apartments

503 Palm Beach StTallahassee, FL 32310
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Hickory Hill Apartments
1 to 3 Bedroom Apartments

Hickory Hill Apartments

2315 Jackson Bluff RdTallahassee, FL 32304
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Vue
4 Bedroom Apartments

Vue

703-705 W St Augustine StTallahassee, FL 32304

Tallahassee's Best Affordable Neighborhoods

Learn about Tallahassee and the best places to live with original content written by Local Expert Allaire Williams

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College Terrace, Tallahassee, FL Local Guide

Cheapest Available College Terrace Apartments for Rent

 

The cheapest available apartment rental in the College Terrace area of Tallahassee, FL is a 1 Bed unit found at Ironwood at Levy priced from $795. Ashton Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable College Terrace apartments for rent in Tallahassee, FL:

Apartment ListingModel NameBed/BathPriced From
Ironwood at LevyOne Bedroom One Bath1BR,1BA$795
Ashton Park Apartments1/1S1BR,1BA$799
Ashton Grove Apartments1/1S1BR,1BA$799
Ashton Place Apartments1/1M1BR,1BA$799
Arive 850Bedroom D1BR,1BA$850
PENSACOLA ARMS: One Bedroom Apartments in the Heart of FSU's CampusMartin1BR,1BA$925
Ekos Magnolia OaksA1- 601BR,1BA$927
Serenity Place Central1 Bed - 1 Bath1BR,1BA$945
The Sanctuary1-Bedroom1BR,1BA$949
Franklin PointePalm1BR,1BA$975

Best Value Apartments for Rent in College Terrace, FL

As of May 22, 2026 the best value apartment in the College Terrace area is the $0.39 price per square foot 4 Bedroom 4 Bath Model at Hayden Commons in the in the Southwest Tallahassee neighborhood starting from $775. The second greatest value College Terrace apartment is the 4 Bedroom / 4 Bathroom Platinum Model at The Park at Bristol starting at $1,425 with a $0.95 price per square foot in the Southwest Tallahassee neighborhood. Here is today’s list of the best values for College Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hayden Commons4 Bedroom 4 Bath4BR,4BA$0.39
The Park at Bristol4 Bedroom / 4 Bathroom Platinum4BR,4BA$0.95
The Venetian Student Living4x4 Furnished Flat4BR,4BA$0.40
Bradford Oaks4x24BR,2BA$0.33
Vertex2x2 Point2BR,2BA$0.63
Lafayette GardensC13BR,2BA$1.12
The Locale Tallahassee | Student HousingC13BR,3BA$0.85
Tuscany Village2 Bedroom Penthouse2BR,2BA$1.00
The RoweD14BR,2BA$0.90
Jackson Forest ApartmentsHickory2BR,2BA$1.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
College Terrace, Tallahassee, FL

Ranked #60

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Florida and customized analysis for Central Tallahassee, FL. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, places to raise kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap College Terrace Apartments

What is a cheap apartment in College Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in College Terrace is under $975.

What is the price of a cheap apartment in College Terrace?

The cheapest apartment in College Terrace is Ironwood at Levy which is listed at $795, while the average apartment in College Terrace costs $1,699.

What types of apartments are the cheapest in College Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 82 regular apartments in College Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in College Terrace?

Cheap apartments in College Terrace have an average cost of $580 which is $1,119 cheaper than the average rent for all rentals in College Terrace.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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The 10 Best Affordable Neighborhoods in Tallahassee

Written by: Allaire Williams

I’m Allaire, your ApartmentHomeLiving.com Local Expert for Tallahassee, Florida. I’ve been living here for the past 5 years and it seems to change by the month.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.