Cheap Apartments for Rent in the Lafayette Neighborhood of Tallahassee, FL from $500 (48 Rentals)

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

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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property at 2956 Woodrich Dr

$1,250 - $1,450

2 Bedroom Rentals

Available Now

2956 Woodrich Dr

TallahasseeFL32301

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Rockbrook
2 Bedroom Apartments

Rockbrook

3719 Rockbrook DrTallahassee, FL 32311
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Altera 3100
Studio Apartments

Altera 3100

3100 Apalachee PkyTallahassee, FL 32311

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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St Augustine Hills
1 to 2 Bedroom Apartments

St Augustine Hills

2415 Old Saint Augustine RdTallahassee, FL 32301
  • Utilities Included
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Castle Apartments
2 Bedroom Apartments

Castle Apartments

2902 Battle Mountain RdTallahassee, FL 32301

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1873 Larette Dr

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 2 Bath Home for Rent

Available Now

1873 Larette Dr

TallahasseeFL32301
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Park Avenue Villas
1 to 2 Bedroom Apartments

Park Avenue Villas

2102 E Park AveTallahassee, FL 32301

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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Showing Results 1-48, Page 1 of 1

Lafayette, Tallahassee, FL Local Guide

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in the Lafayette area of Tallahassee, FL is a Studio unit found at Monarch Luxury Studio Apartments priced from $795. The Greens at Old St. Augustine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $912. Here are the most affordable Lafayette apartments for rent in Tallahassee, FL:

Apartment ListingModel NameBed/BathPriced From
Monarch Luxury Studio ApartmentsPILLAR STUDIOStudio,1BA$795
The Greens at Old St. AugustineA150 - 1 Bedroom, 1 Bathroom1BR,1BA$912
Parkway Square ApartmentsThe Bellini StudioStudio,1BA$999
Brookestone Senior ResidencesDaylily1BR,1BA$1,016
Glen Oaks ApartmentsC13BR,2BA$1,028
Ridgewood Apartments1 bed 1 bath1BR,1BA$1,062
Renaissance Apartments at Capital Circle1 Bedroom 1 bathroom1BR,1BA$1,095
Brookwood1 Bedroom, 1 Bath1BR,1BA$1,095
2626 Park1 Bedroom + 1 Bath1BR,1BA$1,100
Westcott Apartments1 x 1 B1BR,1BA$1,355

Best Value Apartments for Rent in Lafayette, FL

As of August 25, 2026 the best value apartment in the Lafayette area is the $1.61 price per square foot B4 - The Torino Model at The Hills at Capital City in the in the Southwest Tallahassee neighborhood starting from $1,972. The second greatest value Lafayette apartment is the 1 Bedroom Model at Capital Grand starting at $1,612 with a $1.32 price per square foot in the Southeast Tallahassee neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Hills at Capital CityB4 - The Torino2BR,2BA$1.61
Capital Grand1 Bedroom1BR,1BA$1.32
Grove Park Apartments1x11BR,1BA$1.43
Glen Oaks ApartmentsB1 - Renovated2BR,2BA$1.12
Arbor ViewMeridian1BR,1BA$1.56
Westcott Apartments1 x 1 B1BR,1BA$1.54
Renaissance Apartments at Capital Circle1 Bedroom 1 bathroom1BR,1BA$1.46
The Greens at Old St. AugustineA180 - 1 Bedroom, 1 Bathroom1BR,1BA$1.40
2626 Park1 Bedroom + 1 Bath1BR,1BA$1.48
Brookestone Senior ResidencesDaylily1BR,1BA$1.61

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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Quick Rent Budget Calculator

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
Lafayette, Tallahassee, FL

Ranked #76

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Lafayette, Tallahassee, FL

School data provided by Great Schools

Frequently Asked Questions about Cheap Lafayette Apartments

What is a cheap apartment in Lafayette?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette is under $1,355.

What is the price of a cheap apartment in Lafayette?

The cheapest apartment in Lafayette is The Greens at Old St. Augustine which is listed at $912, while the average apartment in Lafayette costs $1,357.

What types of apartments are the cheapest in Lafayette?

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 14 regular apartments in Lafayette 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 Lafayette?

Cheap apartments in Lafayette have an average cost of $242 which is $1,115 cheaper than the average rent for all rentals in Lafayette.

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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Your Tallahassee College Home Base: Where to Rent to Ace Your FSU, FAMU and TSC Experience

Written by: Allaire Williams

Hey there future resident! I’m Allaire, your ApartmentHomeLiving.com Local Expert for Tallahassee, Florida, and I’ve been helping students and families navigate this college town for over six years.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.