Cheap Apartments for Rent near Magnolia, AL from $400 (47 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Audubon Place
1 to 3 Bedroom Apartments

Audubon Place

3762 S Alabama AveMonroeville, AL 36460

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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Forest Manor
1 to 2 Bedroom Apartments

Forest Manor

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

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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Showing Results 1-47, 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 2 Beds unit found at Rock Pointe Apartments priced from $535. Boundary Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rock Pointe Apartments2 Beds, 1 bath2BR,1BA$535
Boundary Estates1 Bed/ 1 Bath1BR,1BA$599
Susanna RidgeThree Bedrooms3BR,2BA$600
Country Club Cottages1 Bed/1 Bath1BR,1BA$603
Magnolia Village1 Bed, 1 bath1BR,1BA$610
Camellia Place2 Bed/1 Bath2BR,1BA$645
Pebble Creek Apartments2 Bed/1 Bath2BR,1BA$725
Rain Tree Estates2 Bed/ 2 Bath2BR,2BA$725
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$749
Hillcrest Estates2 Bed/ 2 Bath2BR,2BA$749

Best Value Apartments for Rent in Magnolia, AL and Nearby

As of July 28, 2026 the best value apartment in the Magnolia area is the $0.52 price per square foot Three Bedrooms Model at Susanna Ridge in the starting from $600. The second greatest value Magnolia apartment is the 2 Bed/2 Bath Model at Cottonwood Estates starting at $799 with a $0.75 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.
Susanna RidgeThree Bedrooms3BR,2BA$0.52
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
Willow Trace Apartments2 Bed/2 Bath2BR,2BA$0.79
Rock Pointe Apartments2 Beds, 1 bath2BR,1BA$0.54
Pebble Creek Apartments2 Bed/1 Bath2BR,1BA$0.80
Megan Manor Apartments2 Bed/1 Bath2BR,1BA$0.83
Country Club Cottages1 Bed/1 Bath1BR,1BA$0.83

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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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!

Explore Magnolia, AL Rentals by Map

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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 $599 at Boundary Estates.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.