Cheap Homes for Rent in Lafayette Park Neighborhood of Tallahassee, FL from $700 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lafayette Park 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.

property at 515 N Monroe St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

515 N Monroe St

TallahasseeFL32301

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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.

Best Value Apartments for Rent in Lafayette Park, FL

As of June 11, 2026 the best value apartment in the Lafayette Park 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 Lafayette Park apartment is the Presidential Model at Tally Square Apartments starting at $1,745 with a $0.97 price per square foot in the Southwest Tallahassee neighborhood. Here is today’s list of the best values for Lafayette Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hayden Commons4 Bedroom 4 Bath4BR,4BA$0.39
Tally Square ApartmentsPresidential4BR,2BA$0.97
Polo Club Tallahassee3-3th3BR,3BA$0.59
The Luxe on West CallD2 Premium4BR,4BA$0.82
The Locale Tallahassee | Student HousingC13BR,3BA$0.85
Acasa Bainbridge4 Bed 2 Bath4BR,2BA$1.10
Ekos Magnolia OaksB1 - 602BR,2BA$1.16
Glen Oaks ApartmentsB1 - Renovated2BR,2BA$1.08
ReNew Tallahassee2-2 Adobe Renovated2BR,2BA$1.09
Acasa High1 Bedroom, 1 Bath1BR,1BA$1.12

Frequently Asked Questions about Lafayette Park

What type of rentals are currently available in Lafayette Park?

There are currently 91 Apartments for Rent in Lafayette Park, FL with pricing that ranges from $489 to $4,200. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Park ranging from $750 to $4,150.

What is the current price range for Rental Homes in Lafayette Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette Park ranges from $750 to $4,150 with an average monthly rent of $2,166.

How much are larger Three and Four Bedroom Rentals in Lafayette Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette Park range from $559 to $4,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $2,400. Four Bedroom Single-Family rentals are also available starting from $3,650 and Four Bedroom Apartments start at $489.

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

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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.