
Cheap Apartments for Rent in the Central Business District Mobile, AL from $700 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Business District area of Mobile.


The Gateway

310 N Conception St, Unit 4, Unit 4

Oakleigh Village Apartments

Merchants Plaza
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.

350 St Joseph St

Wheeler Lofts

Broad Street Lofts

St. Charles Apartments

Washington Plaza Apartments
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904 Palmetto St

Elevate 758

Church Hill Apartments

Bay Oaks Apartments

961 Old Shell Rd
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Central Business District, Mobile, AL Local Guide

How much does it cost to rent an apartment in Central Business District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Business District Studio Apartments | $1,108 | $850 | $1,500 |
| Central Business District 1 Bedroom Apartments | $1,542 | $781 | $3,100 |
| Central Business District 2 Bedroom Apartments | $1,891 | $981 | $2,767 |
| Central Business District 3 Bedroom Apartments | $3,182 | $3,182 | $3,182 |
| Central Business District 4 Bedroom Apartments | $5,038 | $5,038 | $5,038 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Central Business District Neighborhood of Mobile, AL.
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Central Business District, Mobile, AL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookley Pointe | 1 Bedroom, 1 Bathroom | 1BR,1BA | $781 |
| Elevate 758 | The Oaks - S7 | Studio,1BA | $907 |
| Oakleigh Village Apartments | Two Bedroom/ One Bath | 2BR,1BA | $995 |
| The Gateway | One Bedroom | Studio,1BA | $1,125 |
| Wheeler Lofts | The Brewery | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Conti Bienville Apartments | 2x1.5 | 2BR,1.5BA | $1.15 |
| Merchants Plaza | One Bedroom One and Half Bathroom B-15 | 1BR,1.5BA | $2.49 |
| Wheeler Lofts | Private Loft | 1BR,1.5BA | $2.51 |
| Broad Street Lofts | The Azalea | 1BR,1BA | $1.87 |
| 310 N Conception St, Unit 4 | 310 N Conception St | 1BR,1BA | $1.27 |
| Brookley Pointe | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
| Oakleigh Village Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.34 |
| Meridian at the Port | Ashland | 1BR,1BA | $2.31 |
| The Gateway | Two Bedroom One Bath | 1BR,1BA | $2.33 |
| Elevate 758 | The Oaks - S7 | Studio ,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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Read ArticleQuick 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.
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

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.

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.

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.

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.