
Cheap Homes for Rent in Panola, AL from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Panola.


2602 6th Ave N

2606 6th Ave N
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.

501 Wynhurst Ct

410 5th St S

116 5th St N
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.

1402 3rd Ave N
Panola, AL Local Guide

How much does it cost to rent a home in Panola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Panola 2 Bedroom Homes for Rent | $918 | $675 | $1,250 |
| Panola 3 Bedroom Homes for Rent | $1,492 | $1,100 | $2,000 |
| Panola 4 Bedroom Homes for Rent | $2,047 | $1,595 | $2,400 |
| Panola 5 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
Browse Top Homes for Rent in Panola
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Panola, AL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Military Square Apartments | 1 Bed, 1 bath | 1BR,1BA | $550 |
| Boundary Estates | 1 Bed/ 1 Bath | 1BR,1BA | $579 |
| Alex Place Apartments | 1 Bed/1 Bath | 1BR,1BA | $629 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Metalworks Condos | Metalworks Condo | 3BR,4BA | $0.51 |
| Columbus Heights | 4x2 | 4BR,2BA | $0.74 |
| Chateaux Holly Hills Apartments | 2x1.5 Townhome W/D Connections Newly Renovated | 2BR,1.5BA | $0.73 |
| Rain Tree Estates | 3 Bed/ 2 Bath | 3BR,2BA | $0.79 |
| Alex Place Apartments | 2 Bed/1 Bath | 2BR,1BA | $0.85 |
| Riverfront Village | Tide - Premium | 2BR,2BA | $1.02 |
| Fox Run - Columbus | 2 x 1 | 2BR,1BA | $0.84 |
| Creekwood Village Apartments | 1x1 | 1BR,1BA | $1.01 |
| 419 10th St S | 2 Beds, 1 bath | 2BR,1BA | $1.01 |
| Boundary Estates | 1 Bed/ 1 Bath | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Panola, AL Rentals by Map
See the most popular apartments and homes in Panola, AL
Frequently Asked Questions about Panola
What type of rentals are currently available in Panola?
There are currently 50 Apartments for Rent in Panola, AL with pricing that ranges from $550 to $2,276. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panola ranging from $675 to $2,400.
What is the current price range for Rental Homes in Panola?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Panola ranges from $675 to $2,400 with an average monthly rent of $1,590.
How much are larger Three and Four Bedroom Rentals in Panola?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Panola range from $750 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $1,150.
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

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.

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.

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.

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.