Cheap Apartments for Rent in the Five Points Neighborhood of Atlanta, GA from $800 (40 Rentals)

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

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Five Points, Atlanta, GA Local Guide

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of Atlanta, GA is a 1 Bed unit found at The Villages of Castleberry I&II priced from $841. Mechanicsville Family Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Five Points apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
The Villages of Castleberry I&IIThe Alder1BR,1BA$841
Mechanicsville Family Apartments1 Bed, 1 bath1BR,1BA$999
Capitol GatewayAlbany1BR,1BA$1,121
Marq on Ponce0BStudio,1BA$1,130
Flats on Maple Street1 Bed 1 Bath1BR,1BA$1,140
The Atlantic North HighlandMitchell - A1A1BR,1BA$1,184
131 PonceS1Studio,1BA$1,219
Verge ApartmentsS1Studio,1BA$1,270
Cortland Old Fourth WardCabbagetown1BR,1BA$1,286
InTown Lofts1 Bed 1 Bath C1BR,1BA$1,302

Best Value Apartments for Rent in Five Points, GA

As of October 27, 2025 the best value apartment in the Five Points area is the $1.96 price per square foot The Athens Model at Centennial Place in the in the Midtown neighborhood starting from $2,456. The second greatest value Five Points apartment is the 2 Bed 2 Bath H Model at InTown Lofts starting at $1,806 with a $1.61 price per square foot in the Centennial Place neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Centennial PlaceThe Athens3BR,2.5BA$1.96
InTown Lofts2 Bed 2 Bath H2BR,2BA$1.61
Ashley Auburn PointeA2.22BR,2BA$1.47
The Atlantic North HighlandB1A2BR,1BA$1.74
Flats on Maple Street2 Bed 1 Bath2BR,1BA$1.76
Bexley SummerhillRose1BR,1BA$1.97
Mechanicsville Family Apartments1 Bed, 1 bath1BR,1BA$1.33
The Villages of Castleberry I&IIThe Alder1BR,1BA$1.18
Capitol GatewayAlbany1BR,1BA$1.58
Marq on Ponce0BStudio ,1BA$1.90

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Pet Friendly Lifestyle
Five Points, Atlanta, GA

Ranked #74

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Five Points Neighborhood in Atlanta, GA

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

78 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

81 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Five Points Apartments

What is a cheap apartment in Five Points?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $1,302.

What is the price of a cheap apartment in Five Points?

The cheapest apartment in Five Points is The Villages of Castleberry I&II which is listed at $841, while the average apartment in Five Points costs $2,810.

What types of apartments are the cheapest in Five Points?

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 206 regular apartments in Five Points 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 Five Points?

Cheap apartments in Five Points have an average cost of $668 which is $2,142 cheaper than the average rent for all rentals in Five Points.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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