Cheap Homes for Rent in Downtown Florence Neighborhood of Florence, AL from $700 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Florence area of Florence.

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 620 Simpson St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Jul 6

620 Simpson St

FlorenceAL35630

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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.

Downtown Florence, Florence, AL Local Guide

Cheapest Available Downtown Florence Apartments for Rent

 

The cheapest available apartment rental in the Downtown Florence area of Florence, AL is a 1 Bed unit found at West Tennessee Street priced from $650. Cypress Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Downtown Florence apartments for rent in Florence, AL:

Apartment ListingModel NameBed/BathPriced From
West Tennessee Street1BR/1.0BA1BR,1BA$650
Cypress Ridge1 Bedroom 1 Bathroom1BR,1BA$675
Village Parc ApartmentsVillage Parc2BR,2BA$1,050

Best Value Apartments for Rent in Downtown Florence, AL

As of June 28, 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 433 N Cypress St Model at 433 N Cypress St, Unit B starting at $1,100 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Village Parc ApartmentsVillage Parc2BR,2.5BA$0.88
433 N Cypress St, Unit B433 N Cypress St2BR,1BA$1.00
208 Circular Rd, Unit 4208 Circular Rd1BR,1BA$1.07
Cypress Ridge1 Bedroom 1 Bathroom1BR,1BA$0.96
West Tennessee Street0BR/1.0BAStudio ,1BA$2.10

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

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Pet Friendly Lifestyle
Downtown Florence, Florence, AL

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown Florence

What type of rentals are currently available in Downtown Florence?

There are currently 49 Apartments for Rent in Downtown Florence, AL with pricing that ranges from $375 to $1,100. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Florence ranging from $750 to $2,500.

What is the current price range for Rental Homes in Downtown Florence?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Florence ranges from $750 to $2,500 with an average monthly rent of $1,702.

How much are larger Three and Four Bedroom Rentals in Downtown Florence?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Florence range from $565 to $1,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $490.

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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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

Written by: Christine Leonard, Esq.

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.