Cheap Apartments for Rent in Magnolia, AL from $300 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Magnolia.

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.

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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.

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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.

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Audubon Place
1 to 3 Bedroom Apartments

Audubon Place

3762 S Alabama AveMonroeville, AL 36460
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Forest Manor
1 to 2 Bedroom Apartments

Forest Manor

511 Vanity Fair AveButler, AL 36904
Senior Living
  • Utilities Included

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.

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property at 87 Co Rd 857

$800

2 Bedroom Rentals

Available May 8

87 Co Rd 857

MontevalloAL35115

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 1

Magnolia, AL Local Guide

Cheapest Available Magnolia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Magnolia, AL is a 1 Bed unit found at Pebble Creek Apartments priced from $529. Rock Pointe Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $535. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pebble Creek Apartments1 Bed/1 Bath1BR,1BA$529
Rock Pointe Apartments2 Beds, 1 bath2BR,1BA$535
Boundary Estates1 Bed/ 1 Bath1BR,1BA$599
Alex Place Apartments1 Bed/1 Bath1BR,1BA$629
Camellia Place2 Bed/1 Bath2BR,1BA$645
Willow Trace Apartments1 Bed/1 Bath1BR,1BA$649
Rain Tree Estates2 Bed/ 2 Bath2BR,2BA$725
Hillcrest Estates2 Bed/ 2 Bath2BR,2BA$749
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$749
Addison Way2 Bed/1.5 Bath (1,105 sqft)2BR,1BA$799

Best Value Apartments for Rent in Magnolia, AL and Nearby

As of April 28, 2026 the best value apartment in the Magnolia area is the $0.75 price per square foot 2 Bed/2 Bath Model at Cottonwood Estates in the starting from $799. The second greatest value Magnolia apartment is the 2 Bed/1.5 Bath (1,055 sqft) Model at Addison Way starting at $799 with a $0.76 price per square foot . Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cottonwood Estates2 Bed/2 Bath2BR,2BA$0.75
Addison Way2 Bed/1.5 Bath (1,055 sqft)2BR,1.5BA$0.76
Hillcrest Estates3 Bed/ 2 Bath3BR,2BA$0.86
Rain Tree Estates3 Bed/ 2 Bath3BR,2BA$0.81
Rock Pointe Apartments2 Beds, 1 bath2BR,1BA$0.54
Alex Place Apartments2 Bed/1 Bath2BR,1BA$0.85
Pebble Creek Apartments2 Bed/1 Bath2BR,1BA$0.72
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$0.83
Willow Trace Apartments1 Bed/1 Bath1BR,1BA$0.86
Boundary Estates1 Bed/ 1 Bath1BR,1BA$0.92

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.

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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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The 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.

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Cash 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.

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

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See the most popular apartments and homes in Magnolia, AL

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Frequently Asked Questions about Cheap Magnolia Apartments

How much is rent for a Cheap One Bedroom Magnolia Apartment?

The lowest price for a Cheap One Bedroom Magnolia Apartment is $529 at Pebble Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Magnolia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $535 at Rock Pointe Apartments.

What is the most affordable Magnolia Three Bedroom Apartment?

The best deal on a cheap Magnolia Three Bedroom Apartment rental is at Rock Pointe Apartments and starts from $595.

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 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.

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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.

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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.