Cheap Apartments for Rent in the Terrace Hills Neighborhood of Mobile, AL from $400 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Terrace Hills 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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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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Eastwyck Apartments
1 to 3 Bedroom Apartments

Eastwyck Apartments

551 Village Green DrMobile, AL 36609
  • Utilities Included
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Bay Towne
1 to 3 Bedroom Apartments

Bay Towne

601 Village Green DrMobile, AL 36609
  • Utilities Included
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Glen Arbor
1 to 3 Bedroom Apartments

Glen Arbor

1100 Somerby DrMobile, AL 36695
  • Utilities Included

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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Terrace Hills, Mobile, AL Local Guide

Cheapest Available Terrace Hills Apartments for Rent

 

The cheapest available apartment rental in the Terrace Hills area of Mobile, AL is a 1 Bed unit found at Montlimar priced from $695. Hunters Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here are the most affordable Terrace Hills apartments for rent in Mobile, AL:

Apartment ListingModel NameBed/BathPriced From
Montlimar1 Bedroom1BR,1BA$695
Hunters Pointe1 Bdrm - 1 Bath1BR,1BA$765
Acasa Inverness Lakes1 Bed 1 Bath1BR,1BA$781
Coastal Pointe1AGa1BR,1BA$830
Knollwood1x11BR,1BA$853

Best Value Apartments for Rent in Terrace Hills, AL

As of May 21, 2026 the best value apartment in the Terrace Hills 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 Terrace Hills apartment is the 3 Bedroom 2.5 Bath Model at Sandpiper starting at $1,423 with a $1.05 price per square foot in the West Mobile neighborhood. Here is today’s list of the best values for Terrace Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Acasa Inverness Lakes3 Bed 2 Bath3BR,2BA$0.82
Sandpiper3 Bedroom 2.5 Bath3BR,2.5BA$1.05
The Oakley at HillcrestPrestige2BR,2BA$1.10
Rondo Apartments2BR/1.5BA2BR,1.5BA$0.78
Ashford PlaceTwo Bedroom Two Bath2BR,2BA$1.19
Summer Place Apartments2 Bed, 1 Bath2BR,1BA$1.04
701 SouthTwo-Bedroom (W/D connections)2BR,1BA$1.24
Heritage Oaks @ Wakefield (Promotion!)Enhanced Upgrade2BR,1BA$1.19
Montlimar1 Bedroom1BR,1BA$0.93
Hunters Pointe1 Bdrm - 1 Bath1BR,1BA$1.20

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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Pet Friendly Lifestyle
Terrace Hills, Mobile, AL

Ranked #32

Among cities in Alabama for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Terrace Hills Apartments

How much is rent for a Cheap One Bedroom Terrace Hills Apartment?

The lowest price for a Cheap One Bedroom Terrace Hills Apartment is $695 at Montlimar.

What is the lowest price for a Cheap Two Bedroom Terrace Hills Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Terrace Hills is starting from $870 at Hunters Pointe.

What is the most affordable Terrace Hills Three Bedroom Apartment?

The best deal on a cheap Terrace Hills 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.