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Apartments for Rent in Alabama under $500 – 22 Rentals available

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Alabama Demographics

  • Total Population4,864,630
  • Female 2,355,780
    Male 2,508,850
  • Median Age41

Average Rent in Alabama

  • Alabama Average Rental Price, March 2020 $952 /mo

Alabama Apartment Rent Ranges

  • < $5004%
  • $501-$70021%
  • $701-$1,00043%
  • $1,001-$1,50025%
  • $1,501-$2,0005%
  • > $2,0002%

Alabama Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Mar / 2020
Alabama $844 $866 $867 $868 $869 $909 $912 $936 $952
National $1,337 $1,369 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458
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Alabama Households

  • Total Number of Households1,860,238
  • Family 1,229,885
    Non-family 630,353
  • Children 564,312
    No Children 1,295,926
  • Average People Per Household2.57
  • Median Household Income$41,768
  • Median Housing Costs Per Month$609

Alabama Education Statistics

  • No High School4%
  • Some High School44%
  • Some College28%
  • Associate Degree8%
  • Bachelor Degree15%

Apartments in Alabama under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 22 apartments for rent in Alabama on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Alabama is 685 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!