Cheap Homes for Rent in Waverly Hills Neighborhood of Tallahassee, FL from $700 (22 Rentals)

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Search the lowest-cost Homes 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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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

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

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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Showing Results 1-22, Page 1 of 1

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 $830. 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$830
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

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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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
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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Frequently Asked Questions about Waverly Hills

What type of rentals are currently available in Waverly Hills?

There are currently 258 Apartments for Rent in Waverly Hills, FL with pricing that ranges from $795 to $3,000. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly Hills ranging from $795 to $4,150.

What is the current price range for Rental Homes in Waverly Hills?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waverly Hills ranges from $795 to $4,150 with an average monthly rent of $1,966.

How much are larger Three and Four Bedroom Rentals in Waverly Hills?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waverly Hills range from $1,075 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,850. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,200.

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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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.