
Cheap Apartments for Rent in the Five Points Neighborhood of Athens, GA from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Athens.


The Grove at Five Points
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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.

Mi Casa Apartments

425 Peabody St
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Carousel Village Apartments
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 | $1,012 | $838 | $1,184 |
| Five Points 1 Bedroom Apartments | $1,458 | $799 | $3,757 |
| Five Points 2 Bedroom Apartments | $1,464 | $525 | $3,000 |
| Five Points 3 Bedroom Apartments | $1,600 | $1,600 | $1,600 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Athens, GA.
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Cheapest Available Five Points Apartments for Rent
 The cheapest available apartment rental in the Five Points area of Athens, GA is a 1 Bed unit found at University Garden priced from $799. The Grove at Five Points has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Five Points apartments for rent in Athens, GA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Garden | 1x1hr | 1BR,1BA | $799 |
| The Grove at Five Points | Studio 350 | Studio,1BA | $849 |
| Royal Springs Apartments | 1BR/1.0BA | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Five Points, GA
As of January 28, 2026 the best value apartment in the Five Points area is the $1.38 price per square foot 1905 S Milledge Ave Model at 1905 S Milledge Ave, Unit 8 in the in the Eastside Athens neighborhood starting from $1,625. The second greatest value Five Points apartment is the 138 Welch Place, unit 2 Model at 138 Welch Place, unit 2, Unit 2 starting at $1,600 with a $1.45 price per square foot in the South Lumpkin 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 8 | 1905 S Milledge Ave | 2BR,2.5BA | $1.38 |
| 138 Welch Place, unit 2, Unit 2 | 138 Welch Place, unit 2 | 3BR,3BA | $1.45 |
| Riverbend Club Apartments | 2BR/2BA (rent is per bedroom) | 2BR,2BA | $0.67 |
| Royal Springs Apartments | 2BR/1.0BA | 2BR,1BA | $1.39 |
| 2005 S Milledge Ave, Unit 203 | 2005 S Milledge Ave | 1BR,1.5BA | $1.55 |
| The Wright House | 2x2 | 2BR,2BA | $6.00 |
| University Garden | Studio | Studio ,1BA | $1.68 |
| 655 E Campus Rd, Unit #15 | 655 E Campus Rd | 1BR,1BA | $2.30 |
| The Grove at Five Points | Studio 300 | Studio ,1BA | $2.83 |
Frequently Asked Questions about Cheap Five Points Apartments
What is the Cheapest Studio apartment in Five Points?
Currently the most affordable Cheap Studio Apartment in Five Points is at University Garden listed at $838.
How much is rent for a Cheap One Bedroom Five Points Apartment?
The lowest price for a Cheap One Bedroom Five Points Apartment is $799 at University Garden.
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 $1,045 at University Garden.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.