Cheap Apartments for Rent near Elba, AL from $300 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elba.

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University Corners
Rent Specials
$479 - $535
Total Monthly Price

Total Monthly Price

Base Rent
$479 - $535
Total Monthly Price
$479 - $535
1 to 4 Bedroom Apartments Available Now

University Corners

250 University AveTroy, AL 36081
Student Housing
  • Verified
  • Utilities Included
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Wooddale Apartments
$625 - $740
Total Monthly Price

Total Monthly Price

Base Rent
$625 - $740
Total Monthly Price
$625 - $740
1 Bedroom Apartments Contact Us For Availability

Wooddale Apartments

600 Folmar StTroy, AL 36081
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Barstone
$845 - $1,245
Total Monthly Price

Total Monthly Price

Base Rent
$845 - $1,245
Total Monthly Price
$845 - $1,245
1 to 3 Bedroom Apartments Available Now

Barstone

927 Honeysuckle RdDothan, AL 36305
  • Verified
  • Customer Reviewed
  • 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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Oates Estates Apartments
1 to 2 Bedroom Apartments

Oates Estates Apartments

3055 Flynn RdDothan, AL 36303
Corporate Housing
  • Utilities Included

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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Forest Acres
3 Bedroom Apartments

Forest Acres

1717 Elba HwyTroy, AL 36079

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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Elba, AL Local Guide

Cheapest Available Elba Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elba, AL is a 4 Beds unit found at University Corners priced from $479. Wooddale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Elba apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Corners4 Bedroom 2 Bath4BR,2BA$479
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
Camellia Commonsone bed1BR,1BA$642
Forest Haven Apartmentsone bedroom1BR,1BA$650
Ivy Village1 Bed, 1 bath1BR,1BA$700
Eastgate Landing Apartments2 Beds2BR,1BA$720
Colony Square Apartments1 bd Garden1BR,1BA$795
Heron Cove1 BEDROOM1BR,1BA$835
Rock Creek1 Bedroom/1 Bathroom1BR,1BA$850
Oates Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$855

Best Value Apartments for Rent in Elba, AL and Nearby

As of August 08, 2026 the best value apartment in the Elba area is the $0.51 price per square foot McKinley Model at Ivy Row Troy in the starting from $799. The second greatest value Elba apartment is the 3br/2ba Model at Highlands Trail Apartments starting at $1,295 with a $0.88 price per square foot . Here is today’s list of the best values for Elba apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ivy Row TroyMcKinley3BR,3.5BA$0.51
Highlands Trail Apartments3br/2ba3BR,2BA$0.88
Willow Terrace Apartments3 Bed/2 Bath3BR,2BA$1.00
University Corners4 Bedroom 2 Bath Renovated4BR,2BA$0.49
Oates Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.89
The Grand at Magnolia PointeB2 - PR2BR,2BA$0.94
Eastgate Landing Apartments2 Beds2BR,1BA$0.83
Camellia Commonsone bed (suite)1BR,1BA$0.88
Ivy Village1 Bed, 1 bath1BR,1BA$1.00
Forest Haven Apartmentsone bedroom1BR,1BA$1.00

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elba, AL Rentals by Map

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See the most popular apartments and homes in Elba, AL

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Frequently Asked Questions about Cheap Elba Apartments

How much is rent for a Cheap One Bedroom Elba Apartment?

The lowest price for a Cheap One Bedroom Elba Apartment is $625 at Wooddale Apartments.

What is the lowest price for a Cheap Two Bedroom Elba Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elba is starting from $685 at Camellia Commons.

What is the most affordable Elba Three Bedroom Apartment?

The best deal on a cheap Elba Three Bedroom Apartment rental is at The Grand at Magnolia Pointe and starts from $1,050.

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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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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.