
Cheap Apartments for Rent in Fort Payne, AL from $500 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Fort Payne.


Emerald Court

Maplewood Apartments II

Mountain Lakes

Englewood Apartments

Riverbend Apartments

Summer Waters Apartments

Spring Lake Lodge

Chateau Apartments
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.

Bridgeport Apartments

Riverwalk

Ridgewood Apartments

Willow Creek Apartment Homes

Gateway at Rossville

Orleans Apartments

Willow Way Apartments

The Flats at Lakeshore

Lakeshore Apartments
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.

Redmond Chase Apartment Homes

Cedar Chase Apartments

151 York St

Sutton Bridge

Arbor Terrace

River Chase

Guest House

The Peaks at Callier Springs

The Reserve at Christopher St.
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.

Sparrow Point

Ashbrook Apartments

Hilltop Lofts

Creekside Village II

Twin Oaks

1 Davis St

36 Ansley Cir

133 Brooks St

34 Ansley Cir
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

133 Old Dalton Rd NE

10 Kirkwood St NE

1 Roseway Cir
Fort Payne, AL Local Guide

How much does it cost to rent an apartment in Fort Payne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fort Payne Studio Apartments | $1,364 | $900 | $1,525 |
| Fort Payne 1 Bedroom Apartments | $1,099 | $525 | $1,800 |
| Fort Payne 2 Bedroom Apartments | $1,260 | $555 | $2,225 |
| Fort Payne 3 Bedroom Apartments | $1,603 | $885 | $4,000 |
| Fort Payne 4 Bedroom Apartments | $2,357 | $1,795 | $2,600 |
Browse Top Apartments in Fort Payne
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Fort Payne, AL Local Guide
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Cheapest Available Fort Payne Apartments for Rent and Nearby
 The cheapest available apartment rental in Fort Payne, AL is a 1 Bed unit found at Emerald Court priced from $525. Englewood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Fort Payne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerald Court | One Bedroom | 1BR,1BA | $525 |
| Englewood Apartments | 1 Bed/1 Bath | 1BR,1BA | $699 |
| Summer Waters Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $775 |
| Chateau Apartments | 1 Bed/1 Bath | 1BR,1BA | $799 |
| Bridgeport Apartments | 2BR/1.0BA | 2BR,1BA | $800 |
| Pine Ridge | 1x1 | 1BR,1BA | $825 |
| Willow Creek Apartment Homes | South | 1BR,1BA | $850 |
| Orleans Apartments | 1 Bed/1 Bath | 1BR,1BA | $899 |
| Spring Lake Lodge | 2x2 S U | 2BR,2BA | $899 |
| Willow Way Apartments | 1 Bedroom, 1 story | 1BR,1BA | $900 |
Best Value Apartments for Rent in Fort Payne, AL and Nearby
As of April 20, 2026 the best value apartment in the Fort Payne area is the $0.88 price per square foot Copeland Model at Angela's Ridge of New Hope in the starting from $1,795. The second greatest value Fort Payne apartment is the Ridgeland Model at Valley Ridge starting at $1,857 with a $1.06 price per square foot in the St. Elmo neighborhood. Here is today’s list of the best values for Fort Payne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Angela's Ridge of New Hope | Copeland | 4BR,2BA | $0.88 |
| Valley Ridge | Ridgeland | 3BR,2.5BA | $1.06 |
| River Chase | 3bed 2 bath | 3BR,2BA | $0.90 |
| Sutton Bridge | 3/2 | 3BR,2BA | $1.08 |
| Gateway at Rossville | 2bd2ba | 2BR,2BA | $0.98 |
| Englewood Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.87 |
| Cedar Chase Apartments | 2BD 1 Bath | 2BR,1BA | $1.05 |
| Bridgeport Apartments | 2BR/1.0BA | 2BR,1BA | $0.94 |
| Chateau Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.01 |
| Emerald Court | One Bedroom | 1BR,1BA | $0.69 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Best Local Schools in Fort Payne, AL
Wills Valley Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Fort Payne, AL Rentals by Map
See the most popular apartments and homes in Fort Payne, AL
Frequently Asked Questions about Cheap Fort Payne Apartments
What is the Cheapest Studio apartment in Fort Payne?
Currently the most affordable Cheap Studio Apartment in Fort Payne is at Nova River District listed at $1,325.
How much is rent for a Cheap One Bedroom Fort Payne Apartment?
The lowest price for a Cheap One Bedroom Fort Payne Apartment is $525 at Emerald Court.
What is the lowest price for a Cheap Two Bedroom Fort Payne Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fort Payne is starting from $800 at Bridgeport Apartments.
What is the most affordable Fort Payne Three Bedroom Apartment?
The best deal on a cheap Fort Payne Three Bedroom Apartment rental is at Englewood Apartments and starts from $975.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.