Capitol Hill is one of the most well known places in Florida, since it is the home of all Floridian politics and has earned Tallahassee the title of state capital. Unsurprisingly, this neighborhood sits at the very center of the city. Though this neighborhood makes a wonderful home for grad students and professionals looking to gain traction in the political world, it can also be a great hangout for a variety of different people. The Adams Street Commons is a commercial area that is known for attracting the ambitious, and this reputation still continues without fail. Of course, not everything here centers on work. Kleman Plaza offers a beautiful park area that hosts concerts and music festivals year-around. There are also several great places to shop in the area, as well as some upscale eateries to enjoy. Those seeking residence in this area may have to put a little more cash on the table, but it’s worth the money if you want to be close to the action or are simply looking for a beautiful apartment to rent.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the August 2020 Tallahassee Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the August 2020 key findings and figures for the Tallahassee rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Tallahassee and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Tallahassee rent prices in the chart below.
Tallahassee rent prices increased over the last month. From July to August, the city experienced a 0.25% increase for the price of a one-bedroom apartment. The rent price for a Tallahassee one-bedroom apartments currently stands at $812.0.
When we take a look at the two-bedroom comparison from July to August, Tallahassee experienced a -1.92% decrease for the price of a two-bedroom apartment. The rent price for a Tallahassee two-bedroom apartments currently stands at $1,024.0.
Rent prices have increased in Tallahassee over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Tallahassee suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Tallahassee suburbs
Rents did not decrease in any of the Tallahassee suburbs.
Rent growth in Tallahassee over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Tallahassee rent prices appear to be relatively affordable for local residents.
The price for a Tallahassee one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of ABODO's August 2020 National Apartment Report and data set here.
For more information about Tallahassee and surrounding area rent prices, take a look at the complete data set below.
|1 BR August||1 BR M/M % Change||2 BR August||2 BR M/M % Change|
Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.