Apartments for Rent in Alabama under $500
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Studio $450Base rent4.0 (6)3982 Sandfort Rd, Phenix City, AL 36869Apply online • Pet friendly • In unit laundry
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1 bd $287+2 bd $330+Base rent358 E Magnolia Ave, Auburn, AL 36830Pet friendly
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Only 1 unit left1 bd $437Base rentMichael Kittinger, Birmingham, AL 35243Apply online -
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Only 1 unit left1 bd $400Base rent3Rd Floor Corner, Birmingham, AL 35243Apply online -
3 bd $370Base rent1851 Bellwood Place, Auburn, AL 36830Pet friendly
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2 bd $450Base rent1387-1389 Hampton Dr., Auburn, AL 36830Pet friendly
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Studio $390Base rent2807 Greystone Commercial Blvd, Birmingham, AL 35242Pet friendly -
2 bd $425+Base rent215 E. Thach Ave., Auburn, AL 36830Pet friendly -
Ask for pricingIncome restricted1350 James I. Harrison, Jr Parkway East, Tuscaloosa, AL 35405Dog friendly • Pool • Dishwasher
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2 bd $395Base rent2107 Steiner Street, Mobile, AL 36605Pet friendly -
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Frequently asked questions
When were prices and availability in Alabama last updated?
Prices and availability in Alabama were last updated on 15 Jul 2026.
What are the best apartments in Alabama?
The best apartments in Alabama are: Ashby at Ross Bridge, Farmhaus Apartments, Retreat at Greystone, The Lofts at Town Madison and Allier Gulf Shores.
What type of rental buildings are in Alabama?
In Alabama, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 6% of Alabama's rentals, 45% are small-scale complexes with under 50 units, and 38% are single-family rentals.
Your search for apartments in Alabama under $500 stops here
Finding apartments for rent in Alabama for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 15 available units in Alabama, renting for under $500. On average, $429 can get you 499 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Alabama goes for $185 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.