Cheap Homes for Rent in Prospect Neighborhood of Mobile, AL from $1,400 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the Prospect area of Mobile.

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.

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.

Best Value Apartments for Rent in Prospect, AL

As of January 30, 2026 the best value apartment in the Prospect area is the $1.06 price per square foot 3 Bed 2 Bath Model at Acasa Inverness Lakes in the in the West Mobile neighborhood starting from $1,518. The second greatest value Prospect apartment is the The Retreat Model at Cypress Cove Apartment Homes starting at $1,689 with a $1.19 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Acasa Inverness Lakes3 Bed 2 Bath3BR,2BA$1.06
Cypress Cove Apartment HomesThe Retreat3BR,2BA$1.19
Charleston Apartment HomesOne Bedroom1BR,1BA$1.50
79 Fifty NineOne Bedrooom1BR,1BA$1.37

Frequently Asked Questions about Prospect

What type of rentals are currently available in Prospect?

There are currently 12 Apartments for Rent in Prospect, AL with pricing that ranges from $1,100 to $1,685. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $1,445 to $1,975.

What is the current price range for Rental Homes in Prospect?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $1,445 to $1,975 with an average monthly rent of $1,641.

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.