Cheap Apartments for Rent in the Downtown Atlanta Neighborhood of Atlanta, GA from $400 (98 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Atlanta area of Atlanta.

Understanding Atlanta's Short-Term Rental Landscape: Everything You Need to Know

Discover the thriving short-term rental market in Atlanta from a local expert's perspective. Find flexible, move-in-ready housing options in Downtown, West Midtown, and more.

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Victory At Summerhill
Rent Specials
$1,237 - $2,040
Total Monthly Price

Total Monthly Price

Base Rent
$1,237 - $2,040

Total Monthly Price
$1,237 - $2,040
Studio to 2 Bedroom Apartments Available Now

Victory At Summerhill

100 Fulton St SEAtlanta, GA 30312
Student Housing
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property at 20 Griffin St NW

$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

20 Griffin St NW

AtlantaGA30314

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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Muse ATL
Rent Specials
$1,358 - $2,388
Total Monthly Price

Total Monthly Price

Base Rent
$1,358 - $2,388

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1 to 2 Bedroom Apartments Available Now

Muse ATL

300 Cityline Ave NEAtlanta, GA 30308
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Marchon
Rent Specials
$1,365 - $2,286
Total Monthly Price

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$1,365 - $2,286

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Studio to 2 Bedroom Apartments Available Now

Marchon

Grant St SEAtlanta, GA 30312
Affordability
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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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Townhouse Atlanta
Rent Specials
$1,385 - $2,669
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Total Monthly Price

Base Rent
$1,385 - $2,669

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1 to 2 Bedroom Apartments Available Now

Townhouse Atlanta

450 Piedmont AveAtlanta, GA 30308
Student Housing
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Generation Atlanta
Rent Specials
$1,389 - $2,875
Total Monthly Price

Total Monthly Price

Base Rent
$1,389 - $2,875

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Studio to 2 Bedroom Apartments Available Now

Generation Atlanta

369 Centennial Olympic Park Dr NWAtlanta, GA 30313
Luxury
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The Prato at Midtown
Rent Specials
$1,399 - $3,017
Total Monthly Price

Total Monthly Price

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$1,399 - $3,017

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

The Prato at Midtown

400 Central Park Pl NEAtlanta, GA 30308
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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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Pencil Factory Flats
Rent Specials
$1,473 - $2,397
Total Monthly Price

Total Monthly Price

Base Rent
$1,473 - $2,397

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Studio to 2 Bedroom Apartments Available Now

Pencil Factory Flats

349 Decatur St SEAtlanta, GA 30312
Corporate Housing
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505 Courtland
Rent Specials
$1,542 - $3,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,542 - $3,775

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

505 Courtland

505 Courtland St NEAtlanta, GA 30308
Luxury
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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.

Downtown Atlanta, Atlanta, GA Local Guide

Cheapest Available Downtown Atlanta Apartments for Rent

 

The cheapest available apartment rental in the Downtown Atlanta area of Atlanta, GA is a 1 Bed unit found at The Villages of Castleberry I&II priced from $924. Mechanicsville Family Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Downtown Atlanta apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
The Villages of Castleberry I&IIThe Alder1BR,1BA$924
Mechanicsville Family Apartments1 Bed, 1 bath1BR,1BA$949
Capitol GatewayProvidence1BR,1BA$989
Henderson PlaceStudioStudio,1BA$1,056
Inspire2x2 Bunk Balcony2BR,2BA$1,085
The Vine at Ashley Scholars Landing0A - EfficiencyStudio,1BA$1,100
548 Thurmond St NWone Bed1BR,1BA$1,100
Northside PlazaThe Urban1BR,1BA$1,209
Link Apartments® Canvas275.S-B1BR,1BA$1,218

Best Value Apartments for Rent in Downtown Atlanta, GA

As of June 06, 2026 the best value apartment in the Downtown Atlanta area is the $1.51 price per square foot Bostonian Model at Capitol Gateway in the in the Little Five Points neighborhood starting from $1,990. The second greatest value Downtown Atlanta apartment is the Atlantic Station Model at Skyline ATL starting at $2,214 with a $1.70 price per square foot in the Georgia Tech neighborhood. Here is today’s list of the best values for Downtown Atlanta apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capitol GatewayBostonian3BR,2BA$1.51
Skyline ATLAtlantic Station2BR,2BA$1.70
The Waterford on PiedmontLouvre2BR,2BA$1.67
InTown Lofts2 Bed 2 Bath J2BR,2BA$1.58
Pencil Factory FlatsB32BR,2BA$1.80
Ashley Auburn PointeA2.22BR,2BA$1.44
The Atlantic North HighlandPhoenix - A1C1BR,1BA$1.71
Muse's1 Bedroom1BR,1BA$1.71
Mechanicsville Family Apartments1 Bed, 1 bath1BR,1BA$1.27
The Villages of Castleberry I&IIThe Alder1BR,1BA$1.30

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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Commute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies

Find your ideal Atlanta apartment! This guide explores top neighborhoods like Midtown, Vinings, and Brookhaven, and matches them to the city's biggest employers to help you with your next move.

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A Local Expert's Guide to the Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta

A Local Expert's Guide to The 10 Best Affordable Neighborhoods in the Atlanta, GA metro area for affordable living. Find your perfect Atlanta apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Pet Friendly Lifestyle
Downtown Atlanta, Atlanta, GA

Ranked #56

Among cities in Georgia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Georgia, including Atlanta. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Atlanta Apartments

What is a cheap apartment in Downtown Atlanta?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Atlanta is under $1,218.

What is the price of a cheap apartment in Downtown Atlanta?

The cheapest apartment in Downtown Atlanta is The Villages of Castleberry I&II which is listed at $924, while the average apartment in Downtown Atlanta costs $2,117.

What types of apartments are the cheapest in Downtown Atlanta?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 268 regular apartments in Downtown Atlanta that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Atlanta?

Cheap apartments in Downtown Atlanta have an average cost of $808 which is $1,309 cheaper than the average rent for all rentals in Downtown Atlanta.

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.

Helpful Local Expert Guides

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An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area

Written by: Jan Boling

Atlanta, Georgia is a large, modern city with many neighborhoods that welcome both newcomers and natives.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Atlanta

Written by: Brandie Parton

As a member of the Apartment Home Living team, I am honored to share all I know about the fabulous city that I affectionately call ATL.

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Commute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies

Written by: Brandie Parton

Hi there, I am Brandie Parton, your ApartmentHomeLiving.com Local Expert for Atlanta, GA. I love this bustling city that never seems to quit, rest, or become boring.

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Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About

Written by: Brandie Parton

Hi there, I am Brandie, your ApartmentHomeLiving.com local expert for Atlanta, Georgia.

Articles, How-To's, and Tips

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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.

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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.