Cheap Apartments for Rent in Panola, AL from $500 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Panola.

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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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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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.

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1301 20th St N
2 Bedroom Apartments

1301 20th St N

1301 20th St NColumbus, MS 39701

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1004 3rd Ave N

$700 - $950

1 Bedroom Rentals

Available Now

1004 3rd Ave N

ColumbusMS39701
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Panola, AL Local Guide

Cheapest Available Panola Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panola, AL is a 1 Bed unit found at Military Square Apartments in the Downtown Columbus MS neighborhood priced from $550. Boundary Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $579. Here is today’s list of the most affordable Panola apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Military Square Apartments1 Bed, 1 bath1BR,1BA$550
Boundary Estates1 Bed/ 1 Bath1BR,1BA$579
Alex Place Apartments1 Bed/1 Bath1BR,1BA$629
RivergateStudio Newly RenovatedStudio,1BA$675
Rain Tree Estates2 Bed/ 2 Bath2BR,2BA$705
Landmark Apartment Homes1 BED 1 BATH1BR,1BA$725
Fox Run - Columbus2 x 12BR,1BA$755
Vintage Apartments1 BD 1BA1BR,1BA$795
419 10th St S2 Beds, 1 bath2BR,1BA$795
Creekwood Village Apartments1x11BR,1BA$800

Best Value Apartments for Rent in Panola, AL and Nearby

As of June 11, 2026 the best value apartment in the Panola area is the $0.51 price per square foot Metalworks Condo Model at Metalworks Condos in the in the Northport North of River neighborhood starting from $925. The second greatest value Panola apartment is the 4x2 Model at Columbus Heights starting at $1,150 with a $0.74 price per square foot . Here is today’s list of the best values for Panola apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Metalworks CondosMetalworks Condo3BR,4BA$0.51
Columbus Heights4x24BR,2BA$0.74
Chateaux Holly Hills Apartments2x1.5 Townhome W/D Connections Newly Renovated2BR,1.5BA$0.73
Rain Tree Estates3 Bed/ 2 Bath3BR,2BA$0.79
Alex Place Apartments2 Bed/1 Bath2BR,1BA$0.85
Riverfront VillageTide - Premium2BR,2BA$1.02
Fox Run - Columbus2 x 12BR,1BA$0.84
Creekwood Village Apartments1x11BR,1BA$1.01
419 10th St S2 Beds, 1 bath2BR,1BA$1.01
Boundary Estates1 Bed/ 1 Bath1BR,1BA$0.89

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

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Frequently Asked Questions about Cheap Panola Apartments

How much is rent for a Cheap One Bedroom Panola Apartment?

The lowest price for a Cheap One Bedroom Panola Apartment is $550 at Military Square Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Panola is starting from $670 at Military Square Apartments.

What is the most affordable Panola Three Bedroom Apartment?

The best deal on a cheap Panola Three Bedroom Apartment rental is at Military Square Apartments and starts from $750.

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.