
Cheap Homes for Rent in Fort Payne, AL from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Fort Payne.


1 Davis St

36 Ansley Cir
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.

511 Decatur St

202 S Flora St

37 Allison Dr
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.

11 S Elm St SW
Fort Payne, AL Local Guide

How much does it cost to rent a home in Fort Payne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fort Payne 2 Bedroom Homes for Rent | $1,157 | $800 | $1,595 |
| Fort Payne 3 Bedroom Homes for Rent | $1,696 | $1,350 | $2,300 |
| Fort Payne 4 Bedroom Homes for Rent | $2,069 | $1,475 | $2,400 |
Browse Top Homes for Rent 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 Englewood Apartments priced from $699. Summer Waters Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Fort Payne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Englewood Apartments | 1 Bed/1 Bath | 1BR,1BA | $699 |
| Summer Waters Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $775 |
| Spring Lake Lodge | 1x1 B R | 1BR,1BA | $799 |
Best Value Apartments for Rent in Fort Payne, AL and Nearby
As of May 30, 2026 the best value apartment in the Fort Payne area is the $0.90 price per square foot 3bed 2 bath Model at River Chase in the starting from $1,099. The second greatest value Fort Payne apartment is the 2 Bed 1.5 Bath H - Arbor Terrace Model at Arbor Terrace starting at $1,229 with a $1.03 price per square foot in the Atlanta Junction 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. |
|---|---|---|---|
| River Chase | 3bed 2 bath | 3BR,2BA | $0.90 |
| Arbor Terrace | 2 Bed 1.5 Bath H - Arbor Terrace | 2BR,1.5BA | $1.03 |
| Gateway at Rossville | 2bd2ba | 2BR,2BA | $0.98 |
| Sutton Bridge | 2x2TH | 2BR,2BA | $1.05 |
| Englewood Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.87 |
| Cedar Chase Apartments | 2BD 1 Bath | 2BR,1BA | $1.05 |
| Riverwalk | 2x1 | 2BR,1BA | $1.11 |
| Bridgeport Apartments | 2BR/1.0BA | 2BR,1BA | $0.94 |
| Chateau Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.01 |
| Summer Waters Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.09 |
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.
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!
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Frequently Asked Questions about Fort Payne
What type of rentals are currently available in Fort Payne?
There are currently 60 Apartments for Rent in Fort Payne, AL with pricing that ranges from $535 to $4,000. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Payne ranging from $450 to $2,400.
What is the current price range for Rental Homes in Fort Payne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fort Payne ranges from $450 to $2,400 with an average monthly rent of $1,244.
How much are larger Three and Four Bedroom Rentals in Fort Payne?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fort Payne range from $885 to $4,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,475 and Four Bedroom Apartments start at $2,199.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.