Cheap Apartments for Rent in the East Lake Terrace Neighborhood of Decatur, GA from $500 (51 Rentals)

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

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.

property at 3255 Columbia Woods Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

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Everwood Estates
Rent Specials
$1,292 - $1,392
Total Monthly Price

Total Monthly Price

Base Rent
$1,292 - $1,392

Total Monthly Price
$1,292 - $1,392
2 to 3 Bedroom Apartments Available Now

Everwood Estates

3100 Rainbow Forest CirDecatur, GA 30034
Affordability
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property at 1895 Stockton St

$1,295 - $1,395

1 To 2 Bedroom Rentals

Available Now

1895 Stockton St

DecaturGA30032

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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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
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Hidden Valley
1 to 3 Bedroom Apartments

Hidden Valley

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

Midwood Glen

3937 Glenwood RdDecatur, GA 30032
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Skye at Eastlake
1 to 2 Bedroom Apartments

Skye at Eastlake

3900 Memorial 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

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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Park Valley
1 to 2 Bedroom Apartments

Park Valley

2571 Candler RdDecatur, GA 30032
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Columbia Village
2 to 4 Bedroom Apartments

Columbia Village

100 Jessica AveDecatur, GA 30032
  • Utilities Included
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Woods of Decatur
2 to 3 Bedroom Apartments

Woods of Decatur

2566 Whites Mill RdDecatur, GA 30034

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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Grove Gardens
1 to 2 Bedroom Apartments

Grove Gardens

1925 Glenwood Ave SEAtlanta, GA 30316
Senior Living
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Park City Place
2 to 3 Bedroom Apartments

Park City Place

2201 Castle Keep WayAtlanta, GA 30316
  • Utilities Included
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2040
2 Bedroom Apartments

2040

2040 Dekalb Ave NEAtlanta, GA 30307
  • Utilities Included

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.

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 The Abernathy Apartments priced from $800. 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
The Abernathy ApartmentsA11BR,1BA$800
Villas At Decatur1 Bed | 1 Bath1BR,1BA$970
EllaCo-Living7BR,7BA$979
Stockton DecaturA11BR,1BA$999
RidgewoodOne Bed One Bath1BR,1BA$1,020
Eastlake GardensHaven2BR,1BA$1,040
Park EstatesA12BR,2BA$1,199
Element at KirkwoodA11BR,1BA$1,199
Solace Grove1 Bedroom 1 Bath - Affordable1BR,1BA$1,199
Vineyards of Flat Shoals2 Bed 1 Bath Large2BR,1BA$1,199

Best Value Apartments for Rent in East Lake Terrace, GA

As of May 24, 2026 the best value apartment in the East Lake Terrace area is the $1.12 price per square foot 3b Model at Candler Reserve in the in the East Lake Meadows neighborhood starting from $1,480. The second greatest value East Lake Terrace apartment is the Two Bed Model at Tranquility at Decatur starting at $1,349 with a $1.16 price per square foot in the South DeKalb 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.
Candler Reserve3b3BR,2BA$1.12
Tranquility at DecaturTwo Bed2BR,2BA$1.16
Everwood EstatesCypress2BR,2BA$1.16
Swift Creek Apartments3 Beds, 2 baths3BR,2BA$1.32
Park EstatesA12BR,2BA$1.14
Vineyards of Flat Shoals2 Bed 1 Bath Large Midlevel Reno2BR,1BA$1.49
Eastlake GardensAria2BR,1BA$1.28
Flats at East Atlanta1E1BR,1BA$1.69
The Abernathy ApartmentsA11BR,1BA$1.03
Villas At Decatur1 Bed | 1 Bath1BR,1BA$1.69

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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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 #25

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

Pet Friendliness Lifestyle Score

3.0
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 $1,199.

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

The cheapest apartment in East Lake Terrace is The Abernathy Apartments which is listed at $800, while the average apartment in East Lake Terrace costs $1,749.

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 51 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 $561 which is $1,188 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

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

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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

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Hi there, I am Brandie, your ApartmentHomeLiving.com local expert for Atlanta, Georgia.

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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.