Cheap Apartments for Rent in the Little Five Points Neighborhood of Atlanta, GA from $400 (156 Rentals)

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

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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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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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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 1 Bed unit found at 1494 Memorial Drive priced from $950. The Prato at Midtown has the second lowest priced unit, which is a 1 Bed apartment currently listed from $964. Here are the most affordable Little Five Points apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
1494 Memorial DriveMagnolia1BR,1BA$950
The Prato at Midtown1x1A Renovated1BR,1BA$964
Spanish Oaks Apartment0BR/1.0BAStudio,1BA$995
Capitol GatewayAlbany1BR,1BA$1,121
Arbors of East Atlanta2 bed 1 bath C2BR,1BA$1,150
Revival LoftsBarnes Studio,1BA$1,175
The Atlantic North HighlandMitchell - A1A1BR,1BA$1,179
1209 Memorial DriveRedbud1BR,1BA$1,188
214 Randolph StreetMagnolia1BR,1BA$1,190
Broadstone 2ThirtyS1Studio,1BA$1,194

Best Value Apartments for Rent in Little Five Points, GA

As of November 01, 2025 the best value apartment in the Little Five Points area is the $1.73 price per square foot 609 McGill Park Ave NE Model at 609 McGill Park Ave NE in the in the Little Five Points neighborhood starting from $2,450. The second greatest value Little Five Points apartment is the 11 Moreland Avenue Northeast Model at 11 Moreland Avenue Northeast starting at $1,500 with a $1.36 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.
609 McGill Park Ave NE609 McGill Park Ave NE2BR,2BA$1.73
11 Moreland Avenue Northeast11 Moreland Avenue Northeast3BR,1BA$1.36
The Atlantic North HighlandB1A2BR,1BA$1.74
Arbors of East Atlanta2BR/1.0BA2BR,1BA$1.34
588 Parkway Dr NE, Unit 2588 Parkway Dr NE1BR,1BA$1.70
Ashley Auburn PointeA11BR,1BA$1.68
Station Square Apartmentsnormal U2BR,1BA$1.60
Capitol GatewayAlbany1BR,1BA$1.58
214 Randolph StreetMagnolia1BR,1BA$1.76
1494 Memorial DriveMagnolia1BR,1BA$1.58

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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

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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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Quick Rent Budget Calculator

How much rent can you afford?

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.

Getting Around the Little Five Points Neighborhood in Atlanta, GA

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

55 / 100

Good Transit

Many nearby public transportation options

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 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 $1,194.

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

The cheapest apartment in Little Five Points is 1494 Memorial Drive which is listed at $950, while the average apartment in Little Five Points costs $30,512.

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 $308 which is $30,204 cheaper than the average rent for all rentals in Little 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.

decorative image for An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area article

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.