Cheap Apartments for Rent in the Central Business District Mobile, AL from $700 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Business District area of Mobile.

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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Elevate 758
Studio to 2 Bedroom Apartments

Elevate 758

758 St. Michael StMobile, AL 36602
Corporate Housing
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St. Charles Apartments
Studio to 2 Bedroom Apartments

St. Charles Apartments

963 Government StMobile, AL 36604
  • 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.

Central Business District, Mobile, AL Local Guide

Cheapest Available Central Business District Apartments for Rent

 

The cheapest available apartment rental in the Central Business District area of Mobile, AL is a 1 Bed unit found at Brookley Pointe priced from $781. Elevate 758 has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Central Business District apartments for rent in Mobile, AL:

Apartment ListingModel NameBed/BathPriced From
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$781
Elevate 758The Oaks - S7Studio,1BA$900
Oakleigh Village ApartmentsTwo Bedroom/ One Bath2BR,1BA$1,050
The GatewayOne BedroomStudio,1BA$1,125
Conti Bienville Apartments2x1.52BR,1BA$1,500

Best Value Apartments for Rent in Central Business District, AL

As of June 10, 2026 the best value apartment in the Central Business District area is the $1.15 price per square foot 2x1.5 Model at Conti Bienville Apartments in the in the Owens neighborhood starting from $1,500. The second greatest value Central Business District apartment is the One Bedroom One and Half Bathroom B-15 Model at Merchants Plaza starting at $3,100 with a $2.49 price per square foot in the Owens neighborhood. Here is today’s list of the best values for Central Business District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Conti Bienville Apartments2x1.52BR,1.5BA$1.15
Merchants PlazaOne Bedroom One and Half Bathroom B-151BR,1.5BA$2.49
Wheeler LoftsThe Wheeler1BR,1.5BA$1.61
Meridian at the PortMagnolia2BR,2BA$1.84
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$1.04
Oakleigh Village ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.42
The GatewayTwo Bedroom One Bath1BR,1BA$2.33
Elevate 758The Oaks - S7Studio ,1BA$2.09

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.

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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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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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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Alabama including Central Business District, Mobile, and the greater Mobile area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Business District Apartments

How much is rent for a Cheap One Bedroom Central Business District Apartment?

The lowest price for a Cheap One Bedroom Central Business District Apartment is $781 at Brookley Pointe.

What is the lowest price for a Cheap Two Bedroom Central Business District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Business District is starting from $981 at Brookley Pointe.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.