Cheap Apartments for Rent in Alexandria, AL from $500 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alexandria.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Alexandria, AL Local Guide

Cheapest Available Alexandria Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alexandria, AL is a 2 Beds unit found at Fox Run priced from $525. Hickory Run II Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $619. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fox Run2 Beds, 1 bath2BR,1BA$525
Hickory Run II Apartments1 Bedroom1BR,1BA$619
Wood Valley ApartmentsStudioStudio,1BA$700
Cottonwood ApartmentsOne Bedroom1BR,1BA$750
Summer Waters Apartments1 Bedroom 1 Bath1BR,1BA$775
Chateau Apartments1 Bed/1 Bath1BR,1BA$799
Pine Ridge1x11BR,1BA$825
Indian HillsOne Bedroom1BR,1BA$825
Barrington Parc Apartments2x22BR,2BA$876
Spring Lake Lodge2x2 S U2BR,2BA$899

Best Value Apartments for Rent in Alexandria, AL and Nearby

As of June 12, 2026 the best value apartment in the Alexandria area is the $1.06 price per square foot Kings Landing Model at St James in the starting from $1,717. The second greatest value Alexandria apartment is the 3C Model at Jubilee Townhomes starting at $1,280 with a $0.89 price per square foot . Here is today’s list of the best values for Alexandria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
St JamesKings Landing4BR,2.5BA$1.06
Jubilee Townhomes3C3BR,2BA$0.89
Arbours at Cane Creek3 BEDROOM FLAT3BR,1.5BA$0.84
The Pointe @ JSU4x44BR,4BA$0.47
Barrington Parc Apartments2x22BR,2BA$0.76
Sutton Bridge2x2TH2BR,2BA$1.05
Meadows of Alexandria2 Bedroom2BR,2BA$0.97
Chateau Apartments1 Bed/1 Bath1BR,1BA$1.01
Hickory Run II Apartments1 Bedroom1BR,1BA$0.83
Fox Run2 Beds, 1 bath2BR,1BA$0.74

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Alexandria Apartments

How much is rent for a Cheap One Bedroom Alexandria Apartment?

The lowest price for a Cheap One Bedroom Alexandria Apartment is $619 at Hickory Run II Apartments.

What is the lowest price for a Cheap Two Bedroom Alexandria Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alexandria is starting from $525 at Fox Run.

What is the most affordable Alexandria Three Bedroom Apartment?

The best deal on a cheap Alexandria Three Bedroom Apartment rental is at Hickory Run II Apartments and starts from $779.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.