Cheap Homes for Rent in Fort Payne, AL from $400 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Fort Payne.

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.

property at 11 S Elm St SW

$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

11 S Elm St SW

RomeGA30165

Fort Payne, AL Local Guide

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 ListingModel NameBed/BathPriced From
Englewood Apartments1 Bed/1 Bath1BR,1BA$699
Summer Waters Apartments1 Bedroom 1 Bath1BR,1BA$775
Spring Lake Lodge1x1 B R1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
River Chase3bed 2 bath3BR,2BA$0.90
Arbor Terrace2 Bed 1.5 Bath H - Arbor Terrace2BR,1.5BA$1.03
Gateway at Rossville2bd2ba2BR,2BA$0.98
Sutton Bridge2x2TH2BR,2BA$1.05
Englewood Apartments2 Bed/1 Bath2BR,1BA$0.87
Cedar Chase Apartments2BD 1 Bath2BR,1BA$1.05
Riverwalk2x12BR,1BA$1.11
Bridgeport Apartments2BR/1.0BA2BR,1BA$0.94
Chateau Apartments1 Bed/1 Bath1BR,1BA$1.01
Summer Waters Apartments1 Bedroom 1 Bath1BR,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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Fort Payne, AL Rentals by Map

View Map
Fort Payne, AL Apartments Map
View Map
Fort Payne, AL Rental Homes Map

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.