Cheap Apartments for Rent in the Five Points Neighborhood of Atlanta, GA from $800 (39 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 the Five Points 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.

Read Article
close
View Me
Marchon
Rent Specials
$1,340 - $2,061
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $2,061
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Marchon

Grant St SEAtlanta, GA 30312
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
505 Courtland
Rent Specials
$1,360 - $3,971
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $3,971
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

505 Courtland

505 Courtland St NEAtlanta, GA 30308
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Pencil Factory Flats
Rent Specials
$1,380 - $2,993
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $2,993
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Pencil Factory Flats

349 Decatur St SEAtlanta, GA 30312
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
Generation Atlanta
Rent Specials
$1,429 - $2,957
Total Monthly Price

Total Monthly Price

Base Rent
$1,429 - $2,957
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Generation Atlanta

369 Centennial Olympic Park Dr NWAtlanta, GA 30313
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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

Discover the best Atlanta suburbs for renting — more affordable options, larger yards, and family-friendly areas, all while commuting into the city.

Read Article
close
View Me
Ascent Peachtree
Rent Specials
$1,655 - $5,748
Total Monthly Price

Total Monthly Price

Base Rent
$1,655 - $5,748
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Ascent Peachtree

161 Peachtree Center AveAtlanta, GA 30303
Corporate Housing
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
AMLI Parkside
$1,782 - $3,873
Total Monthly Price

Total Monthly Price

Base Rent
$1,782 - $3,873
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Sep 5

AMLI Parkside

660 Ralph McGill BlvdAtlanta, GA 30312
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Atlanta's Best Affordable Neighborhoods

Learn about Atlanta and the best places to live with original content written by our Atlanta, GA Local Expert Jan Boling

Read Article
close
View Me
Novel Midtown
Rent Specials
$1,860 - $4,818
Total Monthly Price

Total Monthly Price

Base Rent
$1,860 - $4,818
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Novel Midtown

1140 Spring St NWAtlanta, GA 30309
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
Showing Results 1-39, Page 1 of 1

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of Atlanta, GA is a Studio unit found at Crest on Peachtree priced from $924. The Villages of Castleberry I&II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $924. Here are the most affordable Five Points apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Crest on PeachtreePonceStudio,1BA$924
The Villages of Castleberry I&IIThe Alder1BR,1BA$924
555 BoulevardS2WFStudio,1BA$1,073
Centennial PlaceThe Columbus1BR,1BA$1,216
Platform Grant ParkS1AStudio,1BA$1,320
MarchonA1-AFFStudio,1BA$1,340
Glenwood Park LoftsA1 - StudioStudio,1BA$1,367
The Atlantic North HighlandGeorgian - A1B1BR,1BA$1,403
The Lookout O4WCentennial1BR,1BA$1,420
Ashley Scholars Landing1 Bedroom, 1 Bath - Phase I1BR,1BA$1,425

Best Value Apartments for Rent in Five Points, GA

As of July 27, 2026 the best value apartment in the Five Points area is the $1.55 price per square foot A3 Model at Ashley Auburn Pointe in the in the Little Five Points neighborhood starting from $1,983. The second greatest value Five Points apartment is the B5 Model at Pencil Factory Flats starting at $2,055 with a $1.66 price per square foot in the Little Five Points 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.
Ashley Auburn PointeA33BR,2BA$1.55
Pencil Factory FlatsB52BR,2BA$1.66
Bexley SummerhillTillman2BR,2BA$1.97
InTown Lofts1 Bed 1 Bath 9761BR,1BA$1.60
Glenwood Park LoftsA3A1BR,1BA$1.91
The Atlantic North HighlandGeorgian - A1B1BR,1BA$1.76
Ashley Scholars Landing1 Bedroom, 1 Bath - Phase I1BR,1BA$1.88
The Villages of Castleberry I&IIThe Alder1BR,1BA$1.30
Centennial PlaceThe Columbus1BR,1BA$1.77
Marq on Ponce0DStudio ,1BA$2.13

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 $1,425.

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 $924, while the average apartment in Five Points costs $3,300.

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 195 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 $954 which is $2,346 cheaper than the average rent for all rentals in Five Points.

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

decorative image for Understanding Atlanta's Short-Term Rental Landscape: Everything You Need to Know article

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

Written by: Brandie Parton

Hi ya’ll! I am Brandie, your local Atlanta, Georgia, expert with the ApartmentHomeLiving.com team.

decorative image for Everything You Should Know About Atlanta: A Local Expert's Guide to Renting in the ATL article

Everything You Should Know About Atlanta: A Local Expert's Guide to Renting in the ATL

Written by: Brandie Parton

Hi there from the ATL! I’m Brandie, proud to serve as your ApartmentHomeLiving.com local expert for the Atlanta, Georgia area.

decorative image for Exploring The World Outside Metro Atlanta: Local Suburbs You Will Want to Know About article

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.

decorative image for Commute Less, Live More: Top Neighborhoods Near Atlanta's Biggest Companies article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.