Cheap Apartments for Rent in the Five Points Neighborhood of Atlanta, GA from $800 (39 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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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 1 Bed unit found at The Villages of Castleberry I&II priced from $881. Crest on Peachtree has the second lowest priced unit, which is a Studio apartment currently listed from $899. 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$881
Crest on PeachtreePonceStudio,1BA$899
Ashley Scholars LandingStudioStudio,1BA$975
Ashley Auburn PointeA11BR,1BA$1,126
Centennial PlaceThe Columbus1BR,1BA$1,216
Pencil Factory FlatsA71BR,1BA$1,246
Broadstone 2ThirtyS1Studio,1BA$1,249
Cortland Old Fourth WardCabbagetown1BR,1BA$1,267
InTown Lofts1 Bed 1 Bath C1BR,1BA$1,302
Verge ApartmentsS1Studio,1BA$1,310

Best Value Apartments for Rent in Five Points, GA

As of January 29, 2026 the best value apartment in the Five Points area is the $2.10 price per square foot 3 Bedroom, 2 Bath Model at Ashley Scholars Landing in the in the Downtown Atlanta neighborhood starting from $2,875. The second greatest value Five Points apartment is the A3 Model at Ashley Auburn Pointe starting at $2,027 with a $1.58 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 Scholars Landing3 Bedroom, 2 Bath3BR,2BA$2.10
Ashley Auburn PointeA33BR,2BA$1.58
InTown Lofts2 Bed 2 Bath H2BR,2BA$1.61
The Atlantic North HighlandAvondale - B2A2BR,2BA$1.61
The Villages of Castleberry I&IIThe Alder1BR,1BA$1.24
Pencil Factory FlatsA21BR,1BA$2.13
Centennial PlaceThe Columbus1BR,1BA$1.77
The Lookout O4WAnsleyStudio ,1BA$2.09
Verge ApartmentsS1Studio ,1BA$2.09
Crest on PeachtreeVirginiaStudio ,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 $1,310.

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 $881, while the average apartment in Five Points costs $3,225.

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 345 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 $800 which is $2,425 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.

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