Cheap Apartments for Rent near Midway, AL from $400 (32 Rentals)

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

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University Corners
Rent Specials
$479 - $618
Total Monthly Price

Total Monthly Price

Base Rent
$479 - $618
Total Monthly Price
$479 - $618
1 to 4 Bedroom Apartments Available Aug 2

University Corners

250 University AveTroy, AL 36081
Student Housing
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  • Utilities Included
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Wooddale Apartments
$625 - $740
Total Monthly Price

Total Monthly Price

Base Rent
$625 - $740
Total Monthly Price
$625 - $740
1 Bedroom Apartments Contact Us For Availability

Wooddale Apartments

600 Folmar StTroy, AL 36081
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Highridge
$995 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,250
Total Monthly Price
$995 - $1,250
3 to 4 Bedroom Apartments Contact Us For Availability

Highridge

200 Logan DrPhenix City, AL 36869
Military
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Shepherds Cove Apartments
$1,045 - $1,135
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,135
Total Monthly Price
$1,045 - $1,135
2 to 3 Bedroom Apartments Contact Us For Availability

Shepherds Cove Apartments

1330 Shug Jordan PkyAuburn, AL 36832
Affordability
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  • Customer Reviewed
  • Utilities Included

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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Grayton on Dean
$1,137 - $1,667
Total Monthly Price

Total Monthly Price

Base Rent
$1,137 - $1,667
Total Monthly Price
$1,137 - $1,667
1 to 3 Bedroom Apartments Available Now

Grayton on Dean

420 N Dean RdAuburn, AL 36830
Affordability
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property at 2038 Lee Rd 137

$505

4 Bedroom, 3.5 Bath Home for Rent

Available Now

2038 Lee Rd 137

AuburnAL36832

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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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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Showing Results 1-32, Page 1 of 1

Midway, AL Local Guide

Cheapest Available Midway Apartments for Rent and Nearby

 

The cheapest available apartment rental in Midway, AL is a 1 Bed unit found at Lakepier Apartments priced from $480. Wooddale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Midway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakepier ApartmentsOne Bedroom1BR,1BA$480
Wooddale ApartmentsWooddale, Oakdale, Shady Oaks1BR,1BA$625
The Mill at Auburn4BR/4BA - D1 Luxe4BR,4BA$655
The Landings on Sandfort1 Bedroom Cottege1BR,1BA$700
Phenix City Apartments2BR/1.0BA2BR,1BA$850
The Greens at Auburn I/IIClassic Deluxe II1BR,1BA$965
Forest AcresGrand Slam3BR,2BA$1,049
The Grand at Magnolia PointeC3 - PR3BR,3BA$1,075
Willow Terrace Apartments3 Bed/2 Bath3BR,2BA$1,099
Summer Brooke Apartmentsone bedroom1BR,1BA$1,100

Best Value Apartments for Rent in Midway, AL and Nearby

As of July 29, 2026 the best value apartment in the Midway area is the $0.73 price per square foot 5 Bedroom Villa Model at Stone Park Villas in the in the Outer East neighborhood starting from $2,050. The second greatest value Midway apartment is the 3 Bedroom Model at The Grove at Stone Park starting at $1,664 with a $1.08 price per square foot in the Outer East neighborhood. Here is today’s list of the best values for Midway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Park Villas5 Bedroom Villa5BR,2.5BA$0.73
The Grove at Stone Park3 Bedroom3BR,2BA$1.08
319 Bragg3 Bedroom 3 Bathroom C13BR,3BA$1.11
The Grand at Magnolia PointeC3 - PR3BR,3BA$0.87
Willow Terrace Apartments3 Bed/2 Bath3BR,2BA$1.00
Forest AcresGrand Slam3BR,2BA$1.02
The District at Phenix City1 Bedroom Deluxe1BR,1.5BA$1.18
The Mill at Auburn2BR/2BA - B1 Elite2BR,2BA$1.08
Phenix City Apartments2BR/1.0BA2BR,1BA$1.00
Lakepier ApartmentsOne Bedroom1BR,1BA$0.79

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 Midway, AL Rentals by Map

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Frequently Asked Questions about Cheap Midway Apartments

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

The lowest price for a Cheap One Bedroom Midway Apartment is $480 at Lakepier Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Midway is starting from $495 at Lakepier Apartments.

What is the most affordable Midway Three Bedroom Apartment?

The best deal on a cheap Midway Three Bedroom Apartment rental is at Forest Acres and starts from $1,049.

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

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.