Cheap Homes for Rent in Downtown Florence Neighborhood of Florence, AL from $700 (4 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.

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.

Downtown Florence, Florence, AL Local Guide

Best Value Apartments for Rent in Downtown Florence, AL

As of May 14, 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 754 N Wood Ave Model at 754 N Wood Ave, Unit 4 starting at $1,250 with a $1.39 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
754 N Wood Ave, Unit 4754 N Wood Ave1BR,1BA$1.39
Ivy Green At The Shoals, LLCA11BR,1BA$1.01
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

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
Downtown Florence, Florence, AL

Ranked #1

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

Pet Friendliness Lifestyle Score

2.5
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 48 Apartments for Rent in Downtown Florence, AL with pricing that ranges from $499 to $1,250. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Florence ranging from $750 to $2,250.

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 $2,250 with an average monthly rent of $1,563.

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 $609 to $609, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $1,490. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $545.

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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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.