Cheap Apartments for Rent in the Old Town Neighborhood of Tallahassee, FL from $500 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Town 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

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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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
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Live Oaks @ 275
$1,080 - $1,380
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,380
Total Monthly Price
$1,080 - $1,380
1 to 4 Bedroom Apartments Available Now

Live Oaks @ 275

275 John Knox RdTallahassee, FL 32303
Affordability
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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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Canyon Park
$1,180 - $1,676
Total Monthly Price

Total Monthly Price

Base Rent
$1,180 - $1,676
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Canyon Park

1325 W Tharpe StTallahassee, FL 32303
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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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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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Showing Results 1-43, Page 1 of 1

Old Town, Tallahassee, FL Local Guide

Cheapest Available Old Town Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
Ironwood at LevyOne Bedroom One Bath1BR,1BA$795
Swan Luxury Studio ApartmentsBase Studio1BR,1BA$795
Monarch Luxury Studio ApartmentsTHE PILLARStudio,1BA$795
Ashton Park Apartments1/1S1BR,1BA$799
Campus Walk1-1w1BR,1BA$805
Glen Oaks ApartmentsB12BR,2BA$899
Ekos Magnolia OaksA1- 601BR,1BA$927
Terra Lake HeightsA11BR,1BA$950
Franklin PointePalm1BR,1BA$975
Rolling Hills Apartments1 bed / 1 bath flat 777 sqft at Rolling Hills1BR,1BA$985

Best Value Apartments for Rent in Old Town, FL

As of May 22, 2026 the best value apartment in the Old Town 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 Old Town apartment is the D2 Premium Model at The Luxe on West Call starting at $960 with a $0.82 price per square foot in the Southwest Tallahassee neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hayden Commons4 Bedroom 4 Bath4BR,4BA$0.39
The Luxe on West CallD2 Premium4BR,4BA$0.82
Casanas Village At Frenchtown Square3 Beds, 2 baths3BR,2BA$1.16
Lafayette GardensC13BR,2BA$1.12
Glen Oaks ApartmentsC1 - Renovated3BR,2BA$1.01
Acasa Bainbridge4 Bed 2 Bath4BR,2BA$1.10
The RoweD14BR,2BA$0.90
Topaz GroveTuscany2BR,2BA$1.15
Arbor Station ApartmentsThe Ella1BR,1BA$1.30
Rolling Hills Apartments1 bed / 1 bath flat 777 sqft at Rolling Hills1BR,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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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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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
Old Town, Tallahassee, FL

Ranked #12

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Old Town, Tallahassee, FL

School data provided by Great Schools

Frequently Asked Questions about Cheap Old Town Apartments

What is a cheap apartment in Old Town?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town is under $985.

What is the price of a cheap apartment in Old Town?

The cheapest apartment in Old Town is Ironwood at Levy which is listed at $795, while the average apartment in Old Town costs $1,519.

What types of apartments are the cheapest in Old Town?

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 80 regular apartments in Old Town 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 Old Town?

Cheap apartments in Old Town have an average cost of $402 which is $1,117 cheaper than the average rent for all rentals in Old Town.

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.