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Apartments for Rent in Alabama under $500
30 Rentals Available

  • Today

    513 East Street North, Talladega, AL 35160
    • 1 BED
    • $285
  • Today

    1320 15Th Court North, Birmingham, AL 35204
    • 2 BEDS
    • $450+
  • Today

    1525 East 9Th St., Ste. 1C, Anniston, AL 36207
    • 1 BED
    • $375+

  • 608 Azalea Road, Mobile, AL 36609
    • 1 BED
    • $495+
  • 10 days ago

    TIP APPLICATIONS-BRM, Moody, ALABAMA 35004
    • Studio
    • $10
  • 5 days ago

    324 Pine Street, Birmingham, AL 35215
    • 3 BEDS
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  • Today

    1401 Aaron Street, Montgomery, AL 36106
    Income Restricted
    • 2 BEDS
    • $499
  • Today

    201 Queensbury Drive SW, Huntsville, AL 35802
    • 3 BEDS
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  • Today

    5017 Georgia Rd, Birmingham, AL 35212
    • 2 BEDS
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  • Today

    1710 2Nd Avenue North, Birmingham, AL 35203
    • 2 BEDS
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  • Today

    7744 Madrid Ave, Birmingham, AL 35206
    • 2 BEDS
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  • Today

    1310 34Th St S, Birmingham, AL 35205
    • 1 BED
    • 2 BEDS
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  • Today

    1113 15Th Street North, Birmingham, AL 35204
    • 2 BEDS
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  • Today

    1407 17Th Avenue South, Birmingham, AL 35205
    • Studio
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  • Today

    495 Perdue Place, Greenville, AL 36037
    • 2 BEDS
    • 3 BEDS
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  • Today

    351 Conti Street, Mobile, AL 36602
    Income Restricted
    • Studio
    • 1 BED
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  • Today

    1042 Bay Springs Road, Centre, AL 35960
    Income Restricted
    • Studio
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  • Today

    334 Hybart Street, Monroeville, AL 36460
    Income Restricted
    • Studio
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  • Today

    751 Moore Road, Andalusia, AL 36420
    Income Restricted
    • Studio
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  • Today

    1056 Comer Street, Alexander City, AL 35010
    Income Restricted
    • 1 BED
    • 2 BEDS
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  • Today

    1052 Bay Springs Road, Centre, AL 35960
    Income Restricted
    • Studio
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  • Today

    100 Paul Street, Enterprise, AL 36330
    Income Restricted
    • Studio
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  • Today

    285 Rumbley Road, Monroeville, AL 36460
    Income Restricted
    • Studio
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Frequently asked questions

What are the best apartments in Alabama?

The best apartments in Alabama are: The Mobile Lofts, The Palladian at Promenade, Baldwin Farms Apartments, Stone Ridge Apartment Homes and Dothan Farms.

What type of rental buildings are in Alabama?

In Alabama 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 6% of Alabama’s apartments are found in large buildings of 50 units or more, 44% are located in smaller apartment complexes with less than 50 units, and 39% are single-family rentals.

Renting apartments in Alabama under $500

Searching for apartments for rent in Alabama under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Alabama, where the average rent is $388 per month, there are 30 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Alabama. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Alabama going for $285 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

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