Cheap Apartments for Rent in the Central Business District Mobile, AL from $700 (15 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.

property at 350 St Joseph St

$1,125 - $1,400

1 To 2 Bedroom Rentals

Available Now

350 St Joseph St

MobileAL36602
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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.

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Elevate 758
Studio to 2 Bedroom Apartments

Elevate 758

758 St. Michael StMobile, AL 36602
Corporate Housing

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.

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 $907. 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$907
Oakleigh Village ApartmentsTwo Bedroom/ One Bath2BR,1BA$995
The GatewayOne BedroomStudio,1BA$1,125
Wheeler LoftsThe Brewery1BR,1BA$1,295

Best Value Apartments for Rent in Central Business District, AL

As of April 26, 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 LoftsPrivate Loft1BR,1.5BA$2.51
Broad Street LoftsThe Azalea1BR,1BA$1.87
310 N Conception St, Unit 4310 N Conception St1BR,1BA$1.27
Brookley Pointe1 Bedroom, 1 Bathroom1BR,1BA$1.04
Oakleigh Village ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.34
Meridian at the PortAshland1BR,1BA$2.31
The GatewayTwo Bedroom One Bath1BR,1BA$2.33
Elevate 758The Oaks - S7Studio ,1BA$2.11

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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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

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.