Cheap Apartments for Rent near Pennington, AL from $463 (48 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

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.

Read Article
close
View Me
Audubon Place
1 to 3 Bedroom Apartments

Audubon Place

3762 S Alabama AveMonroeville, AL 36460

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.

Read Article
close
View Me
Forest Manor
1 to 2 Bedroom Apartments

Forest Manor

511 Vanity Fair AveButler, AL 36904
Senior Living
  • Utilities Included

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.

Read Article
Showing Results 1-48, Page 1 of 1

Pennington, AL Local Guide

Cheapest Available Pennington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pennington, AL is a 2 Beds unit found at Rock Pointe Apartments priced from $535. Pebble Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Pennington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rock Pointe Apartments2 Beds, 1 bath2BR,1BA$535
Pebble Creek Apartments1 Bed/1 Bath1BR,1BA$599
Boundary Estates1 Bed/ 1 Bath1BR,1BA$599
Magnolia Village1 Bed, 1 bath1BR,1BA$610
Hillcrest Estates2 Bed/ 2 Bath2BR,2BA$749
Coventry Gardens Apartments2 Bed/1 Bath2BR,1BA$799
Willow Trace Apartments2 Bed/2 Bath2BR,2BA$799
Oak Manor Apartment HomesThe Birch (Classic)1BR,1BA$815
Cedar Pointe ApartmentsPartial Renovated2BR,1BA$819
Heritage Place Apartments1BR/1BA1BR,2BA$820

Best Value Apartments for Rent in Pennington, AL and Nearby

As of August 27, 2026 the best value apartment in the Pennington area is the $0.99 price per square foot Two Bedroom Townhouse- Two Bedroom-1.5 Bath Model at Northgate Apartments in the starting from $1,150. The second greatest value Pennington apartment is the 3 Bed/ 2 Bath Model at Hillcrest Estates starting at $899 with a $0.86 price per square foot . Here is today’s list of the best values for Pennington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northgate ApartmentsTwo Bedroom Townhouse- Two Bedroom-1.5 Bath2BR,1.5BA$0.99
Hillcrest Estates3 Bed/ 2 Bath3BR,2BA$0.86
Willow Trace Apartments2 Bed/2 Bath2BR,2BA$0.79
Rock Pointe Apartments2 Beds, 1 bath2BR,1BA$0.54
Bonita Ridge Apartments2 Bedroom, 1.5 Bathroom2BR,1.5BA$1.04
Coventry Gardens Apartments2 Bed/1 Bath2BR,1BA$0.95
Cedar Pointe ApartmentsPartial Renovated2BR,1BA$1.09
Pebble Creek Apartments1 Bed/1 Bath1BR,1BA$0.80
Magnolia Village1 Bed, 1 bath1BR,1BA$0.86
Boundary Estates1 Bed/ 1 Bath1BR,1BA$0.92

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 Article
Decorative image

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.

Read Article
Decorative image

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 Pennington, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Pennington, AL

View Map
Pennington, AL Apartments Map
View Map
Pennington, AL Rental Homes Map

Frequently Asked Questions about Cheap Pennington Apartments

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

The lowest price for a Cheap One Bedroom Pennington Apartment is $599 at Pebble Creek Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Pennington is starting from $535 at Rock Pointe Apartments.

What is the most affordable Pennington Three Bedroom Apartment?

The best deal on a cheap Pennington Three Bedroom Apartment rental is at Rock Pointe Apartments and starts from $595.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.