
Cheap Apartments for Rent in the Prospect Neighborhood of Mobile, AL from $700 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect area of Mobile.


Total Monthly Price
Acasa Inverness Lakes
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.

Charleston Apartment Homes

Lakeview at Cottage Hill
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.
Prospect, Mobile, AL Local Guide

How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect 1 Bedroom Apartments | $1,233 | $781 | $1,398 |
| Prospect 2 Bedroom Apartments | $1,433 | $887 | $1,521 |
| Prospect 3 Bedroom Apartments | $1,582 | $1,171 | $1,770 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Prospect Neighborhood of Mobile, AL.
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Best Value Apartments for Rent in Prospect, AL
As of March 19, 2026 the best value apartment in the Prospect area is the $0.82 price per square foot 3 Bed 2 Bath Model at Acasa Inverness Lakes in the in the West Mobile neighborhood starting from $1,171. The second greatest value Prospect apartment is the The Haven Model at Cypress Cove Apartment Homes starting at $1,299 with a $1.07 price per square foot in the West Mobile neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Acasa Inverness Lakes | 3 Bed 2 Bath | 3BR,2BA | $0.82 |
| Cypress Cove Apartment Homes | The Haven | 2BR,2BA | $1.07 |
| Charleston Apartment Homes | One Bedroom | 1BR,1BA | $1.50 |
| 79 Fifty Nine | One Bedrooom | 1BR,1BA | $1.43 |
Frequently Asked Questions about Cheap Prospect Apartments
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $781 at Acasa Inverness Lakes.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $887 at Acasa Inverness Lakes.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Acasa Inverness Lakes and starts from $1,171.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.