Cheap Apartments for Rent in Anderson, AL from $500 (45 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
North Village
2 Bedroom Apartments

North Village

114 Pearl StFlorence, AL 35633

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.

Read Article
close
View Me
134 E Duncan Ave
2 Bedroom Apartments

134 E Duncan Ave

134 E Duncan AveFlorence, AL 35630
Student Housing

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-45, Page 1 of 1

Anderson, AL Local Guide

Cheapest Available Anderson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Anderson, AL is a 1 Bed unit found at Quail Run priced from $630. West Tennessee Street in the Downtown Florence neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Anderson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Quail Run1 Bed, 1 bath1BR,1BA$630
West Tennessee Street1BR/1.0BA1BR,1BA$650
Heathrow PlaceOne bedroom residence1BR,1BA$725
Ivy Green At The Shoals, LLCA11BR,1BA$725
Creekside1 Bedroom1BR,1BA$751
Polynessian Village1 Bed, 1 bath1BR,1BA$785
Tanglewood ApartmentsTwo Bedroom Residence2BR,1BA$799
Clinton Place1 BD 1 BA Renovated w/ Washer Dryer1BR,1BA$799
Athens Square Apartments1BR/1.0BA1BR,1BA$800
Windsor Apartments1 BD 1 BA UPGRADED1BR,1BA$849

Best Value Apartments for Rent in Anderson, AL and Nearby

As of May 31, 2026 the best value apartment in the Anderson area is the $0.79 price per square foot 2BR/2.0BA Model at 2/2 Apartment - Killen, AL in the starting from $1,000. The second greatest value Anderson apartment is the 2BR/2.0BA Model at Starhill Apartments starting at $1,000 with a $0.83 price per square foot . Here is today’s list of the best values for Anderson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2/2 Apartment - Killen, AL2BR/2.0BA2BR,2BA$0.79
Starhill Apartments2BR/2.0BA2BR,2BA$0.83
Village Parc ApartmentsVillage Parc2BR,2.5BA$0.88
The Henry3 Bed 2 Bath Renovated3BR,2BA$0.99
Seville Place Apartment Village2 BR/2 BA2BR,2BA$0.96
Creekside Apartments2 Bedroom 2 Bath - 630162BR,2BA$0.94
Arbor Village ApartmentsMaple2BR,2BA$0.93
North Village2 Bedroom 2 Bathroom2BR,2BA$0.98
Quail Run2 Beds, 1 bath2BR,1BA$0.95
Creekside1 Bedroom1BR,1BA$1.00

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Anderson, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Anderson, AL

View Map
Anderson, AL Apartments Map
View Map
Anderson, AL Rental Homes Map

Frequently Asked Questions about Cheap Anderson Apartments

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

The lowest price for a Cheap One Bedroom Anderson Apartment is $630 at Quail Run.

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

Today's best deal for a Cheap Two Bedroom Apartment in Anderson is starting from $740 at Quail Run.

What is the most affordable Anderson Three Bedroom Apartment?

The best deal on a cheap Anderson Three Bedroom Apartment rental is at Creekside and starts from $1,043.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.