Cheap Homes for Rent in Myrtlewood, AL from $500 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Myrtlewood.

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.

property at 4915 US-80

4915 US-80

SelmaAL36701

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.

Myrtlewood, AL Local Guide

Cheapest Available Myrtlewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Myrtlewood, AL is a 2 Beds unit found at Timberline Apartments priced from $375. 1125 Washington St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Myrtlewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Timberline ApartmentsTwo Bedrooms2BR,1BA$375
1125 Washington StRegular2BR,2BA$700
New Meridian Estates1BR/1BA Upgraded1BR,1BA$730
Landmark Apartment Homes2 BED 1 BATH2BR,1BA$775
Courtyard Apartment HomesCharming 1-Bedroom Apartment with Pool View!1BR,1BA$795

Best Value Apartments for Rent in Myrtlewood, AL and Nearby

As of September 09, 2025 the best value apartment in the Myrtlewood area is the $1.20 price per square foot Cali Model at The Grove Moundville in the starting from $2,137. The second greatest value Myrtlewood apartment is the 3x3 Flat Model at Magnolia, A Prosper Community starting at $1,575 with a $1.05 price per square foot in the Skyland McFarland neighborhood. Here is today’s list of the best values for Myrtlewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Grove MoundvilleCali4BR,2BA$1.20
Magnolia, A Prosper Community3x3 Flat3BR,3BA$1.05
Northwood Place Apartments2-Bedroom 2-Bath2BR,2BA$1.12
The GlensTwo Bedroom2BR,2BA$1.16
Oak Manor Apartment Homes2 bedroom 1 bathroom Deluxe2BR,1BA$1.03
Landmark Apartment Homes2 BED 1 BATH2BR,1BA$0.90
1125 Washington StRegular2BR,2BA$0.93
Timberline ApartmentsTwo Bedrooms2BR,1BA$0.53
Courtyard Apartment HomesCharming 1-Bedroom Apartment with Pool View!1BR,1BA$1.22
New Meridian Estates1BR/1BA Upgraded1BR,1BA$1.20

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Myrtlewood, AL Rentals by Map

View Map
Myrtlewood, AL Apartments Map
View Map
Myrtlewood, AL Rental Homes Map

Frequently Asked Questions about Myrtlewood

What type of rentals are currently available in Myrtlewood?

There are currently 43 Apartments for Rent in Myrtlewood, AL with pricing that ranges from $343 to $2,328. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Myrtlewood ranging from $525 to $2,550.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Myrtlewood ranges from $525 to $2,550 with an average monthly rent of $1,112.

How much are larger Three and Four Bedroom Rentals in Myrtlewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Myrtlewood range from $472 to $2,079, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,888.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.