
Cheap Apartments for Rent in the Downtown Florence Neighborhood of Florence, AL from $375 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Florence area of Florence.


West Tennessee Street

425 E Tennessee St

Cypress Ridge

414 Hermitage Dr

316 S Chestnut St

225 Barbour St
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.

Ivy Green At The Shoals, LLC

415 Hudson St

721 E High St

The Canopy

711 Grandview Ave, Unit A

505 S Magnolia St

Village Parc Apartments
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.

310 Cypress Mill Rd

406 Hansel Ct

North Florence

Sannoner Square

Cedar Arms

Hickory Hills

Cypress Gardens
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.

Court St

Fountainbleu Apartment II

211 N Patton St

134 E Duncan Ave

406 Hansel Ct

504A Short St

Platos Sheffield
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.
Downtown Florence, Florence, AL Local Guide

How much does it cost to rent an apartment in Downtown Florence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Florence Studio Apartments | $550 | $375 | $650 |
| Downtown Florence 1 Bedroom Apartments | $641 | $450 | $725 |
| Downtown Florence 2 Bedroom Apartments | $887 | $475 | $1,150 |
| Downtown Florence 3 Bedroom Apartments | $1,011 | $565 | $1,075 |
| Downtown Florence 4 Bedroom Apartments | $490 | $490 | $490 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Downtown Florence Neighborhood of Florence, AL.
See all Apartments in FlorenceExplore Florence
Downtown Florence, Florence, AL Local Guide
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Cheapest Available Downtown Florence Apartments for Rent
 The cheapest available apartment rental in the Downtown Florence area of Florence, AL is a Studio unit found at West Tennessee Street priced from $625. Cypress Ridge has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here are the most affordable Downtown Florence apartments for rent in Florence, AL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Tennessee Street | 0BR/1.0BA | Studio,1BA | $625 |
| Cypress Ridge | 2 Bedroom 2 Bathroom | 2BR,2BA | $825 |
| The Canopy | Two Bedroom | 2BR,1BA | $900 |
| Ivy Green At The Shoals, LLC | B1 | 2BR,1BA | $900 |
| Village Parc Apartments | Village Parc | 2BR,2BA | $1,050 |
Best Value Apartments for Rent in Downtown Florence, AL
As of August 29, 2026 the best value apartment in the Downtown Florence area is the $0.88 price per square foot Village Parc Model at Village Parc Apartments in the in the Downtown Florence neighborhood starting from $1,050. The second greatest value Downtown Florence apartment is the 3x3 Model at Bellamy Florence starting at $565 with a $0.50 price per square foot in the Downtown Florence neighborhood. Here is today’s list of the best values for Downtown Florence apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Village Parc Apartments | Village Parc | 2BR,2.5BA | $0.88 |
| Bellamy Florence | 3x3 | 3BR,3BA | $0.50 |
| Cypress Ridge | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.75 |
| Ivy Green At The Shoals, LLC | B1 | 2BR,1.5BA | $0.92 |
| The Canopy | Two Bedroom | 2BR,1BA | $1.04 |
| West Tennessee Street | 0BR/1.0BA | Studio ,1BA | $1.02 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Florence, Florence, AL
Ranked #1
Among cities in Alabama for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Florence Apartments
What types of apartments are the cheapest in Downtown Florence?
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 3 regular apartments in Downtown Florence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

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.

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.

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.