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ZIP Code · FL

ZIP 32303

Pop. 49,785·Leon County·643rd most expensive ZIP in Florida
Median rent (all units)
$1,431/mo
Year-over-Year
+0.8%
Month-over-Month
-1.0%
vs US Median
-$534
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 32303 · $1,431
More affordable than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,300
2 BR
$1,460
3 BR
$1,810
4 BR+
$1,930
Research median
$1,460/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,172/yr
At $1,431/mo median
Location
StateFL
CountyLeon County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.8% YoY, -1.0% MoM), not inventory.
Demographics

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.

Population
49,785
Median income
$62,275
Median age
32.3
Renters
48.8%
Age distribution
18.7%
35.2%
23.1%
Under 1818.7%
18–3435.2%
35–5423.1%
55–6411.1%
65+11.9%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
50%
34.9%
White50%
Black34.9%
Hispanic9.1%
Asian2.7%
Other3.4%
Education (25+)
20.3%
27.9%
46%
No HS diploma5.8%
HS diploma20.3%
Some college27.9%
Bachelor's+46%
Housing tenure
51.2%
48.8%
Owner51.2%
Renter48.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32303 in Tallahassee, FL has changed in 5 years

Rent
$1,061 → $1,431
up 34.9%
Income
$52,450 → $62,275
up 18.7%
Population
50,598 → 49,785
down 1.6%
Renter share
51% → 48.8%
-2.2 pts
Bachelor's+
43.8% → 46%
+2.2 pts
Median age
30.4 → 32.3
+1.9 yrs

Five years ago, renters in ZIP 32303 in Tallahassee, FL paid around $1,061 a month. That figure now sits near $1,431, up 34.9% 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.

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Local insights

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About renting in ZIP 32303

Last updated: July 20, 2026

ZIP code 32303 covers Tallahassee, FL. The median rent here is $1,431/mo as of July 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,460/mo.

At 28% of local median household income ($62,275/yr), ZIP 32303 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32303?

As of July 20, 2026, the median monthly rent in ZIP 32303 (Tallahassee, FL) is $1,431. This is based on aggregated data from public sources and community submissions.

How does ZIP 32303 rent compare to the US average?

ZIP 32303's median rent of $1,431/mo is $534 (27%) below the US national median of $1,965/mo.

How does ZIP 32303 compare to other ZIPs in Florida?

ZIP 32303 is among the more affordable ZIP codes in Florida, ranking #643 out of 662 ZIPs at $1,431/mo.

How much income do you need to rent in ZIP 32303?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,431/mo in ZIP 32303. The local median household income is $62,275/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 32303?

Rent in ZIP 32303 has increased 0.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32303 an affordable place to rent?

ZIP 32303 is considered affordable for renters. At $1,431/mo, rent takes approximately 28% of the local median household income ($62,275/yr). The standard benchmark is 30%. ZIP 32303 falls comfortably within that range.

What percentage of ZIP 32303 residents rent vs. own?

According to Census data, approximately 48.8% of ZIP 32303 households are renters, while 51.2% are owner-occupied. ZIP 32303 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32303 compare to the rest of Tallahassee?

ZIP 32303 is more affordable than Tallahassee overall. At $1,431/mo, it's $76 below the Tallahassee citywide median of $1,507/mo.

When was rent data for ZIP 32303 last updated?

Rent data for ZIP 32303 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,431/mo, rent takes ~28% of ZIP 32303's median household income ($62,275/yr). The standard benchmark is 30%.

ZIP 32303 28%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32303 (Tallahassee, FL)

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