ZIP 32303
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
November. Asking rents in ZIP 32303 usually run 0.7% below trend in November and 0.6% above it in June, about $19 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 32303 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 32303 changed +1.6% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 32303 rose 47.4% while median household income rose 22.8% ($50,726 to $62,275). Rent outpaced income.
Rent in ZIP 32303 is 52.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($62,275) is $1,557 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,460); a 3-bedroom is $1,810.
6th cheapest of 10 ZIP codes in Tallahassee.
ZIP 32304, 4 miles away, rents for 10% less ($1,334/mo), about $1,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 32303. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 32303 (Tallahassee, FL) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 46% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 32303 in Tallahassee, FL has changed in 5 years
Five years ago, renters in ZIP 32303 in Tallahassee, FL paid around $1,066 a month. That figure now sits near $1,489, up 39.7% from the 2021 baseline. Median household income climbed from $52,450 to $62,275 between 2021 and 2024, a 18.7% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 32303 in Tallahassee, FL losing about 813 residents over the five-year window, down 1.6% on net. The renter share has eased from 51% to 48.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 43.8% to 46% across the same window. Taken together, the five-year picture in ZIP 32303 in Tallahassee, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
Discussions about ZIP 32303
No discussions yet. Start the conversation.
Tips for renters in ZIP 32303
Last updated: October 17, 2026
ZIP code 32303 covers Tallahassee, FL. The median rent here is $1,489/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,460/mo.
At 29% of local median household income ($62,275/yr), ZIP 32303 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 32303?
Is rent going up or down in ZIP 32303?
When is the cheapest time to rent in ZIP 32303?
Has rent outpaced income in ZIP 32303?
How does ZIP 32303 compare to other ZIPs in Florida?
How does ZIP 32303 compare to the rest of Tallahassee?
At $1,489/mo, rent takes ~29% of ZIP 32303's median household income ($62,275/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.