Cheap Apartments for Rent in the Waverly Hills Neighborhood of Tallahassee, FL from $700 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waverly Hills 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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Acasa Bainbridge
$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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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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property at 240 Lake Ella Dr

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

240 Lake Ella Dr, Unit 240B

240 Lake Ella Dr
TallahasseeFL32303
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LondonTown @ Midtown
$1,265 - $1,835
Total Monthly Price

Total Monthly Price

Base Rent
$1,265 - $1,835
Total Monthly Price
$1,265 - $1,835
1 to 3 Bedroom Apartments Available Now

LondonTown @ Midtown

2039 N Meridian RdTallahassee, FL 32303
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Midtown Station
2 Bedroom Apartments

Midtown Station

1903 Dawsey StTallahassee, FL 32303
  • Utilities Included
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Suites on 6th
1 Bedroom Apartments

Suites on 6th

1215 Lee AveTallahassee, FL 32303
Student Housing
  • Utilities Included

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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property at 1951 N Meridian Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

1951 N Meridian Rd, Unit 48

1951 N Meridian Rd
TallahasseeFL32303
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Jamestown Woods
1 to 2 Bedroom Apartments

Jamestown Woods

3150 Windsong DrTallahassee, FL 32308
Senior Living

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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property at 1217 N Martin Luther King Jr Blvd.

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

1217 N Martin Luther King Jr Blvd.

TallahasseeFL32303
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Midtown at Meridian
2 to 3 Bedroom Apartments

Midtown at Meridian

1951 N Meridian RdTallahassee, FL 32303
  • Utilities Included
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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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Waverly Hills, Tallahassee, FL Local Guide

Cheapest Available Waverly Hills Apartments for Rent

 

The cheapest available apartment rental in the Waverly Hills area of Tallahassee, FL is a 1 Bed unit found at Swan Luxury Studio Apartments priced from $795. Capital Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable Waverly Hills apartments for rent in Tallahassee, FL:

Apartment ListingModel NameBed/BathPriced From
Swan Luxury Studio ApartmentsBase Studio1BR,1BA$795
Capital RidgeStudio One Bath StandardStudio,1BA$810
Acasa Plantations at Pine Lake1 BED 1 BATH1BR,1BA$970
Rolling Hills Apartments1 bed / 1 bath flat 777 sqft at Rolling Hills1BR,1BA$985
Topaz GroveMessina1BR,1BA$985
Reserve at MidtownMeridian1BR,1BA$1,029
Live Oaks at KillearnA180 - 1 Bedroom, 1 Bathroom1BR,1BA$1,029
Acasa Bainbridge3 Bed 3 Bath3BR,3BA$1,075
Live Oaks @ 2751x1MR1BR,1BA$1,080
2305 at KillearnB150 BRADFORD - 2 Bedroom, 2 Bathroom2BR,2BA$1,093

Best Value Apartments for Rent in Waverly Hills, FL

As of June 10, 2026 the best value apartment in the Waverly Hills area is the $1.28 price per square foot Chelsea Model at LondonTown @ Midtown in the in the Central District neighborhood starting from $1,815. The second greatest value Waverly Hills apartment is the Laurel Oak Model at Eagles Landing Tallahassee starting at $1,549 with a $1.29 price per square foot in the Northeast Tallahassee neighborhood. Here is today’s list of the best values for Waverly Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LondonTown @ MidtownChelsea3BR,2.5BA$1.28
Eagles Landing TallahasseeLaurel Oak2BR,2BA$1.29
Tanager ApartmentsSummer Tanager2BR,2BA$1.32
Georgetown Apartments2/1.5 Townhouse2BR,1.5BA$1.09
Savannah Sound3x23BR,2BA$1.23
Acasa Bainbridge4 Bed 2 Bath4BR,2BA$1.10
Reserve at MidtownMeridian1BR,1BA$1.29
Rolling Hills Apartments1 bed / 1 bath flat 777 sqft at Rolling Hills1BR,1BA$1.27
Acasa Plantations at Pine Lake1 BED 1 BATH1BR,1BA$1.37
Topaz GroveMessina1BR,1BA$1.46

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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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
Waverly Hills, Tallahassee, FL

Ranked #54

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Florida and customized analysis for Central Tallahassee. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Waverly Hills Apartments

What is the price of a cheap apartment in Waverly Hills?

The cheapest apartment in Waverly Hills is Swan Luxury Studio Apartments which is listed at $795, while the average apartment in Waverly Hills costs $1,700.

What types of apartments are the cheapest in Waverly Hills?

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 35 regular apartments in Waverly Hills 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 Waverly Hills?

Cheap apartments in Waverly Hills have an average cost of $579 which is $1,121 cheaper than the average rent for all rentals in Waverly Hills.

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

decorative image for The 10 Best Affordable Neighborhoods in Tallahassee article

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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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.