Tallahassee, FL Rental Market
Tallahassee is Florida's state capital and home to two major universities — Florida State University and Florida A&M University — creating year-round rental demand from students, government workers, and faculty. The government employment base provides exceptional stability, making Tallahassee a dependable, if slower-growth, market for cash-flow focused investors.
Get a rent estimate for an address in TallahasseeAverage Rent in Tallahassee, FL
$1,220
per month · 2026-06
Market Score
Key Facts — Tallahassee, FL Rental Market
- Average rent in Tallahassee, FL:$1,220/mo
- Median rent:$1,122/mo
- Rent range:$600 – $2,700/mo
- Most common rental (2 bedrooms):$1,075/mo
- Active listings:820
- Avg days to lease:33 days
- Year-over-year change:+2.8%
- Median home value:$195,000
- Est. gross annual yield:7.5%
- Data as of:2026-06
Rent by Bedroom in Tallahassee, FL
Average monthly rent for each bedroom type based on current active listings in Tallahassee.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $875/mo |
2 Bedrooms | $1,075/mo |
3 Bedrooms | $1,375/mo |
4 Bedrooms | $1,675/mo |
5 Bedrooms | $1,925/mo |
Tallahassee Rental Market Statistics
Key indicators from the current Tallahassee, FL rental market.
820
Available now in Tallahassee
33
From list to lease
$0.94
Average across listings
1,300 sq ft
Typical rental size
$600 – $2,700
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Tallahassee, FL Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Tallahassee
Est. Gross Annual Yield
7.5%
Before expenses & vacancy
Avg Monthly Income
$1,220
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Tallahassee for a full cash-flow breakdown including all costs.
Tallahassee, FL Rental Market FAQ
Common questions about renting and investing in Tallahassee, FL.
What is the average rent in Tallahassee, FL?
The average rent in Tallahassee, FL is $1,220 per month as of 2026. One-bedroom apartments average $875/mo, two-bedrooms average $1,075/mo, and three-bedroom homes average $1,375/mo. Rents near FSU and FAMU campuses and downtown command a modest premium over suburban neighborhoods.
Is Tallahassee, FL a good place to invest in rental property?
Tallahassee offers an estimated 7.5% gross annual yield with a median home value near $195,000. The combination of state government employment, two major universities, and Tallahassee Memorial and Capital Regional Medical Centers creates a diverse, recession-resistant tenant base. It suits investors who prioritize stability and cash flow over rapid appreciation.
How competitive is the Tallahassee, FL rental market?
Tallahassee has approximately 820 active listings with an average of 33 days on market. Demand follows the academic calendar — August is the peak leasing season as FSU and FAMU students seek off-campus housing. Properties within walking or biking distance of either campus lease fastest and often before the school year begins.
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