
Cheap Apartments for Rent in the Five Points Neighborhood of Athens, GA from $500 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Athens.


University Garden

2091 S Milledge Ave

Mi Casa Apartments
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.

425 Peabody St

Carousel Village Apartments

223 E Cloverhurst Ave

2018 S Milledge Ave
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.

655 E Campus Rd
Five Points, Athens, GA Local Guide

How much does it cost to rent an apartment in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $964 | $791 | $1,179 |
| Five Points 1 Bedroom Apartments | $1,173 | $901 | $1,499 |
| Five Points 2 Bedroom Apartments | $1,618 | $665 | $3,600 |
| Five Points 3 Bedroom Apartments | $1,643 | $1,186 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Athens, GA.
See all Apartments in AthensExplore Athens
Cheapest Available Five Points Apartments for Rent
 The cheapest available apartment rental in the Five Points area of Athens, GA is a Studio unit found at University Garden priced from $818. Grove at Five Points has the second lowest priced unit, which is a Studio apartment currently listed from $889. Here are the most affordable Five Points apartments for rent in Athens, GA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Garden | Studio | Studio,1BA | $818 |
| Grove at Five Points | Studio 280 | Studio,1BA | $889 |
| Royal Springs Apartments | 2BR/1.0BA | 2BR,1BA | $1,295 |
Best Value Apartments for Rent in Five Points, GA
As of June 13, 2026 the best value apartment in the Five Points area is the $1.49 price per square foot 1905 S Milledge Ave Model at 1905 S Milledge Ave, Unit Apt 4 in the in the Eastside Athens neighborhood starting from $1,750. The second greatest value Five Points apartment is the 1905 S Milledge Ave Model at 1905 S Milledge Ave, Unit 8 starting at $1,725 with a $1.46 price per square foot in the Eastside Athens neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1905 S Milledge Ave, Unit Apt 4 | 1905 S Milledge Ave | 2BR,2.5BA | $1.49 |
| 1905 S Milledge Ave, Unit 8 | 1905 S Milledge Ave | 2BR,2.5BA | $1.46 |
| Royal Springs Apartments | 2BR/1.0BA | 2BR,1BA | $1.30 |
| The Wright House | 2x2 | 2BR,2BA | $6.00 |
| University Garden | Studio | Studio ,1BA | $1.64 |
| Grove at Five Points | Studio 280 | Studio ,1BA | $2.21 |
Frequently Asked Questions about Cheap Five Points Apartments
What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $1,295 at Royal Springs Apartments.
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

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.

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.

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.

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.