Cheap Apartments for Rent in the East Lake Terrace Neighborhood of Decatur, GA from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the East Lake Terrace area of Decatur.

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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Golden Apartments
1 Bedroom Apartments

Golden Apartments

2711 Fairlee DrDecatur, GA 30032
  • Utilities Included
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Candler Village
1 to 3 Bedroom Apartments

Candler Village

2425 Candler RdDecatur, GA 30032

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Eastlake Gardens
1 to 4 Bedroom Apartments

Eastlake Gardens

3529 Robins Landing WayDecatur, GA 30032
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Stockton Decatur
1 to 3 Bedroom Apartments

Stockton Decatur

1896-1904 Stockton StDecatur, GA 30032
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Brittany Place
1 to 2 Bedroom Apartments

Brittany Place

3246 Covington DrDecatur, GA 30032
  • Utilities Included
property at 2715 Sarazen Ct

$999

Studio To 1 Bedroom Rentals

Available Apr 15

2715 Sarazen Ct

DecaturGA30032

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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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Midwood Glen
1 to 3 Bedroom Apartments

Midwood Glen

3937 Glenwood RdDecatur, GA 30032
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Hidden Valley
1 to 3 Bedroom Apartments

Hidden Valley

2823 Misty Waters DrDecatur, GA 30032
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Creekside Apartments
1 to 3 Bedroom Apartments

Creekside Apartments

3000 Ember DrDecatur, GA 30034
Corporate Housing
  • Utilities Included
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Ella
Rent Specials
$1,039 - $3,369
Total Monthly Price

Total Monthly Price

Base Rent
$924 - $3,254
Required Monthly Fees
$115

Total Monthly Price
$1,039 - $3,369
Studio to 7 Bedroom Apartments Available Now

Ella

2201 Glenwood Ave SEAtlanta, GA 30316
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Grove Gardens
1 to 2 Bedroom Apartments

Grove Gardens

1925 Glenwood Ave SEAtlanta, GA 30316
Senior Living

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Park City Place
2 to 3 Bedroom Apartments

Park City Place

2201 Castle Keep WayAtlanta, GA 30316
  • Utilities Included

East Lake Terrace, Decatur, GA Local Guide

Cheapest Available East Lake Terrace Apartments for Rent

 

The cheapest available apartment rental in the East Lake Terrace area of Atlanta, GA is a 1 Bed unit found at Candler Village priced from $899. Villas At Decatur has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here are the most affordable East Lake Terrace apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Candler Village1x11BR,1BA$899
Villas At Decatur1 Bed | 1 Bath1BR,1BA$970
RidgewoodOne Bed One Bath1BR,1BA$970
Stockton DecaturA11BR,1BA$999
Midwood GlenOne Bedroom One Bath1BR,1BA$1,000

Best Value Apartments for Rent in East Lake Terrace, GA

As of February 22, 2026 the best value apartment in the East Lake Terrace area is the $1.37 price per square foot 135 E Hill St Model at 135 E Hill St in the in the Downtown Decatur neighborhood starting from $1,850. The second greatest value East Lake Terrace apartment is the 3b Model at Candler Reserve starting at $1,580 with a $1.19 price per square foot in the East Lake Meadows neighborhood. Here is today’s list of the best values for East Lake Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
135 E Hill St135 E Hill St2BR,1BA$1.37
Candler Reserve3b3BR,2BA$1.19
Everwood EstatesThe Oak3BR,2BA$1.20
The Villages Of East LakeOglethorpe2BR,2BA$1.49
Park Estates2x22BR,2BA$1.14
The MeridianTwo Bedroom - 2A2BR,2BA$1.52
Candler Village1x1-R1BR,1BA$1.52
Vineyards of Flat Shoals1 Bed 1 Bath Large Midlevel Reno1BR,1BA$1.60
Midwood GlenOne Bedroom One Bath1BR,1BA$1.49
RidgewoodOne Bed One Bath1BR,1BA$1.68

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Pet Friendly Lifestyle
East Lake Terrace, Decatur, GA

Ranked #24

Among cities in Georgia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap East Lake Terrace Apartments

What is a cheap apartment in East Lake Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Lake Terrace is under $1,241.

What is the price of a cheap apartment in East Lake Terrace?

The cheapest apartment in East Lake Terrace is Candler Village which is listed at $899, while the average apartment in East Lake Terrace costs $2,023.

What types of apartments are the cheapest in East Lake Terrace?

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 14 regular apartments in East Lake Terrace 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 East Lake Terrace?

Cheap apartments in East Lake Terrace have an average cost of $459 which is $1,564 cheaper than the average rent for all rentals in East Lake Terrace.

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

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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

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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

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Articles, How-To's, and Tips

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.