Cheap Apartments for Rent in the Little Five Points Neighborhood of Atlanta, GA from $600 (293 Rentals)

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

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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135 Ericson Street Southeast
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
2 Bedroom Apartment Available Jun 1

135 Ericson Street Southeast

135 Ericson Street SoutheastAtlanta, GA 30317
Affordability

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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Victory At Summerhill
Rent Specials
$1,303 - $2,095
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Total Monthly Price

Base Rent
$1,303 - $2,095
Total Monthly Price
$1,303 - $2,095
Studio to 2 Bedroom Apartments Available Now

Victory At Summerhill

100 Fulton St SEAtlanta, GA 30312
Student Housing
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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.

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Spoke Apartments
$1,367 - $2,887
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Total Monthly Price

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$1,367 - $2,887
Total Monthly Price
$1,367 - $2,887
Studio to 3 Bedroom Apartments Available Now

Spoke Apartments

1450 La France St NEAtlanta, GA 30307
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Muse ATL
Rent Specials
$1,388 - $2,348
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$1,388 - $2,348
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1 to 2 Bedroom Apartments Available Now

Muse ATL

300 Cityline Ave NEAtlanta, GA 30308
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Pencil Factory Flats
Rent Specials
$1,410 - $2,688
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Total Monthly Price

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$1,410 - $2,688
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Studio to 3 Bedroom Apartments Available Now

Pencil Factory Flats

349 Decatur St SEAtlanta, GA 30312
Corporate Housing
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Townhouse Atlanta
Rent Specials
$1,417 - $2,431
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$1,417 - $2,431
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1 to 2 Bedroom Apartments Available Now

Townhouse Atlanta

450 Piedmont AveAtlanta, GA 30308
Student Housing
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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.

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Marchon
Rent Specials
$1,426 - $2,193
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$1,426 - $2,193
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Studio to 2 Bedroom Apartments Available Now

Marchon

Grant St SEAtlanta, GA 30312
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The Prato at Midtown
Rent Specials
$1,444 - $3,017
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$1,444 - $3,017
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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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Alton East
Rent Specials
$1,467 - $5,931
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Base Rent
$1,467 - $5,931
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Studio to 3 Bedroom Apartments Available Now

Alton East

777 Memorial DrAtlanta, GA 30316
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Little Five Points, Atlanta, GA Local Guide

Cheapest Available Little Five Points Apartments for Rent

 

The cheapest available apartment rental in the Little Five Points area of Atlanta, GA is a Studio unit found at Henderson Place priced from $1,019. 1209 Memorial Drive has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Little Five Points apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Henderson PlaceStudioStudio,1BA$1,019
1209 Memorial DriveRedbud1BR,1BA$1,050
Ashley Auburn PointeA11BR,1BA$1,091
Freedom Park HeightsMagnolia1BR,1BA$1,140
Marq on Ponce0DStudio,1BA$1,149
214 Randolph StreetMagnolia1BR,1BA$1,190
1414 Euclid Ave1414 Euclid1BR,1BA$1,195
The Lookout O4WAnsleyStudio,1BA$1,196
Element at KirkwoodA11BR,1BA$1,199

Best Value Apartments for Rent in Little Five Points, GA

As of May 04, 2026 the best value apartment in the Little Five Points area is the $1.53 price per square foot The Oakford Model at LaFrance Square in the in the Little Five Points neighborhood starting from $2,549. The second greatest value Little Five Points apartment is the C6 Model at Pencil Factory Flats starting at $2,688 with a $1.72 price per square foot in the Little Five Points neighborhood. Here is today’s list of the best values for Little Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LaFrance SquareThe Oakford2BR,2.5BA$1.53
Pencil Factory FlatsC63BR,3BA$1.72
Stacks Tower Lofts3BR3BR,2BA$1.13
Ashley Auburn PointeA33BR,2BA$1.50
The Waterford on PiedmontLouvre2BR,2BA$1.66
Front Porch1B1BR,2BA$1.66
Arbors of East Atlanta2 bed 1 bath2BR,1BA$1.44
The Mix ApartmentsB32BR,2BA$1.47
Station Square Apartments2 Beds, 1 bath2BR,1BA$1.60
Element at KirkwoodA11BR,1BA$1.71

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

This website works hard to bring you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including Little Five Points, Atlanta, and the greater Atlanta area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Little Five Points Apartments

What is a cheap apartment in Little Five Points?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Little Five Points is under $1,199.

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

The cheapest apartment in Little Five Points is 1209 Memorial Drive which is listed at $1,050, while the average apartment in Little Five Points costs $22,060.

What types of apartments are the cheapest in Little 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 97 regular apartments in Little 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 Little Five Points?

Cheap apartments in Little Five Points have an average cost of $346 which is $21,714 cheaper than the average rent for all rentals in Little 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

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.