Cheap Apartments for Rent in the East Lake Terrace Neighborhood of Decatur, GA from $500 (71 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.

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Everwood Estates
$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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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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1557 Conway Rd, Unit B
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
3 Bedroom Apartment Available Now

1557 Conway Rd, Unit B

1557 Conway RdDecatur, GA 30032
Cost Per Sq.Ft.

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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Candler Village
1 to 3 Bedroom Apartments

Candler Village

2425 Candler RdDecatur, 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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Stockton Decatur
1 to 3 Bedroom Apartments

Stockton Decatur

1896-1904 Stockton StDecatur, 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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Skye at Eastlake
1 to 2 Bedroom Apartments

Skye at Eastlake

3900 Memorial DrDecatur, GA 30032
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Park Valley
1 to 2 Bedroom Apartments

Park Valley

2571 Candler RdDecatur, GA 30032

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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Columbia Village
2 to 4 Bedroom Apartments

Columbia Village

100 Jessica AveDecatur, GA 30032
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Golden Apartments priced from $820. Ella has the second lowest priced unit, which is a 7 Beds apartment currently listed from $919. Here are the most affordable East Lake Terrace apartments for rent in Atlanta, GA:

Apartment ListingModel NameBed/BathPriced From
Golden Apartments1 Beds, 1 Baths1BR,1BA$820
EllaCo-Living7BR,7BA$919
Villas At Decatur1 Bed | 1 Bath1BR,1BA$970
RidgewoodOne Bed One Bath1BR,1BA$975
Element at KirkwoodA11BR,1BA$999
Stockton DecaturA11BR,1BA$999
Eastlake GardensLuna1BR,1BA$1,067
Creekside Forest Apartments1 bedroom, 1 bathroom1BR,1BA$1,100
Park EstatesA12BR,2BA$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 July 10, 2026 the best value apartment in the East Lake Terrace area is the $0.94 price per square foot 1557 Conway Rd Model at 1557 Conway Rd, Unit B in the in the Downtown Decatur neighborhood starting from $1,600. 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.
1557 Conway Rd, Unit B1557 Conway Rd3BR,1BA$0.94
Tranquility at DecaturTwo Bed2BR,2BA$1.16
Everwood EstatesCypress2BR,2BA$1.16
Swift Creek Apartments3 Beds, 2 baths3BR,2BA$1.32
White Oak Townhomes2 Beds, 1.5 Baths2BR,1.5BA$1.18
Park EstatesA12BR,2BA$1.14
Vineyards of Flat Shoals2 Bed 1 Bath Large Midlevel Reno2BR,1BA$1.49
Eastlake GardensLuna1BR,1BA$1.51
Element at KirkwoodA11BR,1BA$1.43
Golden Apartments1 Beds, 1 Baths1BR,1BA$1.26

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 #23

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 Golden Apartments which is listed at $820, while the average apartment in East Lake Terrace costs $7,403.

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 63 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 $512 which is $6,891 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.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.