Cheap Apartments for Rent in the Magnolia Neighborhood of Tallahassee, FL from $502 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia 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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Live Oaks @ 275
$1,080 - $1,600

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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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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Acasa Bainbridge
Rent Specials
$1,150 - $1,550

Total Monthly Price

Base Rent$1,150 - $1,550
Total Monthly Price$1,150 - $1,550
3 to 4 Bedroom Apartments Available Now

Acasa Bainbridge

1600 Old Bainbridge RdTallahassee, FL 32303
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LondonTown @ Midtown
$1,280 - $1,850

Total Monthly Price

Base Rent$1,280 - $1,850
Total Monthly Price$1,280 - $1,850
1 to 3 Bedroom Apartments Available Oct 1

LondonTown @ Midtown

2039 N Meridian RdTallahassee, FL 32303
Eco-Friendly
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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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Canyon Park
Rent Specials
$1,346 - $1,676

Total Monthly Price

Base Rent$1,346 - $1,676
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Canyon Park

1325 W Tharpe StTallahassee, FL 32303
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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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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

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 1-47, 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 Lafayette Gardens priced from $603. Ironwood at Levy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Magnolia apartments for rent in Tallahassee, FL:

Apartment ListingModel NameBed/BathPriced From
Lafayette GardensB12BR, 2BA$603
Ironwood at LevyOne Bedroom One Bath1BR, 1BA$875
PhoenixJefferson ArmsStudio, $895
Parkway Square ApartmentsThe Bellini StudioStudio, 1BA$899
La Mediterranean Apartments1BR/1.0BA1BR, 1BA$900
Tally Square ApartmentsCapital1BR, 1BA$949
Glen Oaks ApartmentsB12BR, 2BA$950
Rolling Hills Apartments1x1-Classic1BR, 1BA$985
Franklin PointePalm w/ Wood-Style Floors1BR, 1BA$1,010
Capital Luxury Condominiumns1 Bedroom1BR, 1BA$1,020

Best Value Apartments for Rent in Magnolia, FL

As of September 18, 2026 the best value apartment in the Magnolia area is the $0.38 price per square foot 4 Bedroom 4 Bath Model at Hayden Commons in the Southwest Tallahassee neighborhood starting from $750. The second greatest value Magnolia apartment is the 4 Bedroom / 4 Bathroom Platinum Model at The Park at Bristol in the Southwest Tallahassee neighborhood starting at $1,475 with a $0.98 price per square foot. 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$0.38
The Park at Bristol4 Bedroom / 4 Bathroom Platinum4BR, 4BA$0.98
The Luxe on West CallC23BR, 3BA$0.86
MAA Oak GroveThe Derby2BR, 1BA$1.27
Acasa Bainbridge4 Bed 2 Bath4BR, 2BA$1.24
Casanas Village At Frenchtown Square2 Beds, 2 baths2BR, 2BA$1.13
Campus RowTwo Bedroom Two Bath2BR, 2BA$0.96
Magnolia Oaks2 Bedroom, 2 Bathroom2BR, 2BA$1.26
Glen Oaks ApartmentsB1 - Renovated2BR, 2BA$1.07
Rolling Hills Apartments1x1-Classic1BR, 1BA$1.27

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
Magnolia, Tallahassee, FL

Ranked #14

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

Pet Friendliness Lifestyle Score

3.5
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 $1,020.

What is the price of a cheap apartment in Magnolia?

The cheapest apartment in Magnolia is Ironwood at Levy which is listed at $875, while the average apartment in Magnolia costs $1,400.

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 39 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 $366 which is $1,034 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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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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.