Cheap Apartments for Rent in Peterson, AL from $400 (23 Rentals)

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

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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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 1-23, 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 Skyland McFarland 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
Brookstone Apartment Homes1Bed - 1Bath1BR,1BA$799
Stone CreekStudioStudio,1BA$845

Best Value Apartments for Rent in Peterson, AL and Nearby

As of July 29, 2025 the best value apartment in the Peterson area is the $1.00 price per square foot C2A Model at High River in the in the Northport North of River neighborhood starting from $1,484. The second greatest value Peterson apartment is the C3 Model at Watercress starting at $950 with a $0.70 price per square foot in the University of Alabama 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.
High RiverC2A3BR,2BA$1.00
WatercressC33BR,3BA$0.70
High Country Apartments3Bed - 2Bath3BR,2BA$1.02
Copper Creek2Bed + 1.5 Bath Townhouse Reno2BR,1.5BA$0.93
Mountain View Apartment Homes2Bed - 2Bath2BR,2BA$1.10
Aspen Village Apartment Homes2 Bedroom 1 Bath Aspen Village2BR,1BA$1.04
Eddins Estates ApartmentsTwo Bedroom2BR,1BA$0.98
Fountain Square Apartment Homes2 Bed 1Bath2BR,1BA$1.13
Valley Square Apartments1 BR 1 BA1BR,1BA$1.02
The Oakley1x11BR,1BA$1.13

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Peterson, AL

Ranked #81

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 $900 at Copper Creek.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.