Cheap Apartments for Rent in the Five Points Neighborhood of Atlanta, GA from $809 (36 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
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.

close
View Me
505 Courtland
Rent Specials
$1,266 - $2,924

Total Monthly Price

Base Rent$1,266 - $2,924

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

505 Courtland

505 Courtland St NEAtlanta, GA 30308
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

Atlanta Is Calling — Here's Everything You Need to Know Before You Move

Moving to Atlanta? A Georgia native breaks down everything you need to know — from navigating ITP vs OTP neighborhoods to setting up utilities, finding a mover, and getting settled in the ATL.

close
View Me
Pencil Factory Flats
Rent Specials
$1,330 - $2,993

Total Monthly Price

Base Rent$1,330 - $2,993

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Pencil Factory Flats

349 Decatur St SEAtlanta, GA 30312
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Marchon
Rent Specials
$1,365 - $2,295

Total Monthly Price

Base Rent$1,365 - $2,295

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Marchon

Grant St SEAtlanta, GA 30312
Affordability
  • 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.

close
View Me
The Grace Residences
Rent Specials
$1,509 - $4,355

Total Monthly Price

Base Rent$1,509 - $4,355

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Grace Residences

200 Nerem St NWAtlanta, GA 30332
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
Ascent Peachtree
Rent Specials
$1,569 - $13,436

Total Monthly Price

Base Rent$1,569 - $13,436

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Ascent Peachtree

161 Peachtree Center AveAtlanta, GA 30303
Corporate Housing
  • Verified
  • Customer Reviewed
  • Smoke Free
property at 20 Marietta St NW
$1,250 - $1,595
1 Bedroom Rentals
Available Now
Affordability

20 Marietta St NW

AtlantaGA30303

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.

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. Glenwood Park Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,127. Here are the most affordable Five Points apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Crest on PeachtreePonceStudio,1BA$924
Glenwood Park LoftsA1 - StudioStudio,1BA$1,127
Castleberry ParkM2WFStudio,1BA$1,238
The Lookout O4WAnsleyStudio,1BA$1,246
Ashley Auburn PointeA11BR,1BA$1,253
The MitchellS8Studio,1BA$1,325
Pencil Factory FlatsS1Studio,1BA$1,330
The Villages of Castleberry I&IIThe Dublin2BR,2BA$1,335
Westley on the Beltline1B1BR,1BA$1,350
MarchonA1-AFFStudio,1BA$1,365

Best Value Apartments for Rent in Five Points, GA

As of September 10, 2026 the best value apartment in the Five Points area is the $1.72 price per square foot TW02 Model at Woodrow House in the in the Summerhill neighborhood starting from $3,375. 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 Downtown Atlanta 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.
Woodrow HouseTW023BR,4BA$1.72
InTown Lofts2 Bed 2 Bath H2BR,2BA$1.61
Ashley Scholars Landing2 Bedroom, 2 Bath - Phase I2BR,2BA$2.01
The Villages of Castleberry I&IIThe Castell2BR,1BA$1.50
Glenwood Park LoftsA2 - StudioStudio ,1BA$1.84
Ashley Auburn PointeA11BR,1BA$1.66
Smith and PorterS1 - C1BR,1BA$2.03
Westley on the Beltline1BX (Renovated)1BR,1BA$1.95
The Atlantic North HighlandMitchell - A1A1BR,1BA$2.04
One12 Courtland2BR/1BA2BR,1BA$1.58

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 $1,365.

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

The cheapest apartment in Five Points is Crest on Peachtree which is listed at $974, while the average apartment in Five Points costs $1,926.

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 172 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 $881 which is $1,045 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 Atlanta Is Calling — Heres Everything You Need to Know Before You Move article

Atlanta Is Calling — Heres Everything You Need to Know Before You Move

Written by: Brandie Parton

Hi there! I am Brandie, from Georgia, and I am your local Atlanta expert for the ApartmentHomeLiving.com team.

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.

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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.