Cheap Homes for Rent in the Lake Murray Neighborhood of Columbia, SC from $1,500 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lake Murray area of Columbia.

Local Expert's Top 8: Affordable Columbia, SC Neighborhoods for Quality Living

Moving to Columbia, SC? Explore 8 affordable neighborhoods to rent that are known for strong schools, convenient shopping, and easy access to local natural highlights like Lake Murray.

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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.

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Showing Results 1-13, Page 1 of 1

Lake Murray, Columbia, SC Local Guide

Cheapest Available Lake Murray Apartments for Rent

 

The cheapest available apartment rental in the Lake Murray area of Columbia, SC is a 1 Bed unit found at Lake Lodge Apartments priced from $1,100. Palisades at Ballentine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here are the most affordable Lake Murray apartments for rent in Columbia, SC:

Apartment ListingModel NameBed/BathPriced From
Lake Lodge Apartments1BR Patio1BR,1BA$1,100
Palisades at BallentineThe Katherine1BR,1BA$1,375
Grandview at Lake MurrayThe Richland1BR,1BA$1,415
The Overlook At Golden Hills Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1,500
Residence at Marina BayMartin1BR,1BA$1,663

Best Value Apartments for Rent in Lake Murray, SC

As of August 21, 2026 the best value apartment in the Lake Murray area is the $1.62 price per square foot Saluda Model at Residence at Marina Bay in the in the Lake Murray neighborhood starting from $2,025. The second greatest value Lake Murray apartment is the Two Bedroom 2 Bath Model at The Overlook At Golden Hills Apartment Homes starting at $1,500 with a $1.42 price per square foot in the Lake Murray neighborhood. Here is today’s list of the best values for Lake Murray apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Residence at Marina BaySaluda2BR,2BA$1.62
The Overlook At Golden Hills Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1.42
Station at Lake MurrayA11BR,1BA$1.93
Lake Lodge Apartments2BR Patio2BR,1BA$1.85
Grandview at Lake MurrayThe Richland1BR,1BA$1.81
Palisades at BallentineThe Katherine1BR,1BA$1.86

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Lake Murray

What type of rentals are currently available in Lake Murray?

There are currently 8 Apartments for Rent in Lake Murray, SC with pricing that ranges from $1,100 to $2,870. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Murray ranging from $1,575 to $3,900.

What is the current price range for Rental Homes in Lake Murray?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Murray ranges from $1,575 to $3,900 with an average monthly rent of $2,305.

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.

Articles, How-To's, and Tips

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Local Expert's Top 8: Affordable Columbia, SC Neighborhoods for Quality Living

Written by: Kama Offenberger

I'm Kama, the ApartmentHomeLiving.com Local Expert for Columbia, South Carolina.

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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.

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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.

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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.