We present Spitzer Space Telescope observations of the evolved starless core L1521F which reveal the presence of a very low luminosity object (L < 0.07 Lsun). The object, L1521F-IRS, is directly detected at mid-infrared wavelengths (>5 micron) but only in scattered light at shorter infrared wavelengths, showing a bipolar nebula oriented east-west which is probably tracing an outflow cavity. The nebula strongly suggests that L1521F-IRS is embedded in the L1521F core. Thus L1521F-IRS is similar to the recently discovered L1014-IRS and the previously known IRAM 04191 in its substellar luminosity and dense core environment. However these objects differ significantly in their core density, core chemistry, and outflow properties, and some may be destined to be brown dwarfs rather than stars.