Cheap Apartments for Rent in the Magnolia Neighborhood of Tallahassee, FL from $500 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Acasa Bainbridge
Rent Specials
$1,075 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,075 - $1,550
Total Monthly Price
$1,075 - $1,550
3 to 4 Bedroom Apartments Available Now

Acasa Bainbridge

1600 Old Bainbridge RdTallahassee, FL 32303
Cost Per Sq.Ft.
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Live Oaks @ 275
$1,080 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,600
Total Monthly Price
$1,080 - $1,600
1 to 4 Bedroom Apartments Available Now

Live Oaks @ 275

275 John Knox RdTallahassee, FL 32303
Affordability
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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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830 E Park Ave
1 to 2 Bedroom Apartments

830 E Park Ave

830 E Park AveTallahassee, FL 32301
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Magnolia Villas
1 to 2 Bedroom Apartments

Magnolia Villas

100 Cadiz StTallahassee, FL 32301
  • Utilities Included
Showing Results 1-26, Page 1 of 1

Magnolia, Tallahassee, FL Local Guide

Cheapest Available Magnolia Apartments for Rent

 

The cheapest available apartment rental in the Magnolia area of Tallahassee, FL is a 2 Beds unit found at Campus Row priced from $739. Ironwood at Levy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Magnolia apartments for rent in Tallahassee, FL:

Apartment ListingModel NameBed/BathPriced From
Campus RowTwo Bedroom Two Bath2BR,2BA$739
Ironwood at LevyOne Bedroom One Bath1BR,1BA$780
Monarch Luxury Studio ApartmentsTHE PILLARStudio,1BA$795
Campus Walk1-1w1BR,1BA$805
Ridgewood ApartmentsstudioStudio,1BA$875
PhoenixJefferson ArmsStudio,$875
Glen Oaks ApartmentsB12BR,2BA$880
Ekos Magnolia OaksA1- 601BR,1BA$927
Terra Lake HeightsA11BR,1BA$950
Parkway Square ApartmentsThe Bellini StudioStudio,1BA$999

Best Value Apartments for Rent in Magnolia, FL

As of May 05, 2026 the best value apartment in the Magnolia 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 Magnolia 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 Magnolia 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
LondonTown @ MidtownWimbledon2BR,2BA$1.34
Casanas Village At Frenchtown Square3 Beds, 2 baths3BR,2BA$1.16
Acasa Bainbridge4 Bed 2 Bath4BR,2BA$1.10
The RoweD14BR,2BA$0.90
Tally Square ApartmentsDeluxe Governor1BR,1BA$1.11
Glen Oaks ApartmentsB12BR,2BA$0.92
Campus RowTwo Bedroom Two Bath Renovated Furnished2BR,2BA$1.07
Ironwood at LevyOne Bedroom One Bath1BR,1BA$1.30

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

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Magnolia, Tallahassee, FL

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Magnolia Apartments

What is a cheap apartment in Magnolia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnolia is under $999.

What is the price of a cheap apartment in Magnolia?

The cheapest apartment in Magnolia is Ironwood at Levy which is listed at $780, while the average apartment in Magnolia costs $1,495.

What types of apartments are the cheapest in Magnolia?

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 99 regular apartments in Magnolia 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 Magnolia?

Cheap apartments in Magnolia have an average cost of $452 which is $1,043 cheaper than the average rent for all rentals in Magnolia.

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.