Cheap Apartments for Rent in Peterson, AL from $400 (11 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-11, Page 1 of 1

Peterson, AL Local Guide

Cheapest Available Peterson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peterson, AL is a Studio unit found at Flex Studio Apartments in the Skyland McFarland neighborhood priced from $495. Forest Lake Apartments in the West Tuscaloosa neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Peterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Flex Studio Apartments1BR/1.0BAStudio,1BA$495
Forest Lake ApartmentsSmall One BR1BR,1BA$699
The Oakley1x11BR,1BA$700
The Cottages at Lake Tamaha4BR/4.5BA - Springmore Elite4BR,4BA$765
Brookstone Apartment Homes1Bed - 1Bath1BR,1BA$799

Best Value Apartments for Rent in Peterson, AL and Nearby

As of May 23, 2025 the best value apartment in the Peterson area is the $0.96 price per square foot 2BR/2BA - Birchmore Elite Model at The Cottages at Lake Tamaha in the in the Northport North of River neighborhood starting from $1,200. The second greatest value Peterson apartment is the The Fairhope Model at The Gates at South Bend starting at $1,475 with a $1.28 price per square foot in the Skyland McFarland neighborhood. Here is today’s list of the best values for Peterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Cottages at Lake Tamaha2BR/2BA - Birchmore Elite2BR,2.5BA$0.96
The Gates at South BendThe Fairhope2BR,1.5BA$1.28
High Country Apartments3Bed - 2Bath3BR,2BA$1.02
Copper Creek2Bed + 1.5 Bath Townhouse Reno2BR,1.5BA$0.93
Sun Valley Apartments2 BR 2 BA2BR,2BA$1.06
Williamsburg EastOne bedroom 1.5 bath TH1BR,1.5BA$0.98
French Quarter ApartmentsOne Bedroom1BR,1BA$1.17
Aspen Village Apartment Homes1 Bedroom 1 Bath Aspen Village Mountain Brook1BR,1BA$1.26
Fountain Square Apartment Homes1Bed - 1Bath1BR,1BA$1.36
The Oakley1x11BR,1BA$1.13

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Peterson, AL

Ranked #144

Among cities in Alabama for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Peterson, AL Rentals by Map

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See the most popular apartments and homes in Peterson, AL

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Frequently Asked Questions about Cheap Peterson Apartments

What is the Cheapest Studio apartment in Peterson?

Currently the most affordable Cheap Studio Apartment in Peterson is at Flex Studio Apartments listed at $495.

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

The lowest price for a Cheap One Bedroom Peterson Apartment is $699 at Forest Lake Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Peterson is starting from $899 at Eddins Estates Apartments.

What is the most affordable Peterson Three Bedroom Apartment?

The best deal on a cheap Peterson Three Bedroom Apartment rental is at High Country Apartments and starts from $1,139.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.