Cheap Apartments for Rent in Peterson, AL from $400 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
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 Peterson.

close
View Me
Z - Forrester Gardens
2 to 3 Bedroom Apartments

Z - Forrester Gardens

1350 James I Harrison Jr Pky ETuscaloosa, AL 35405
  • Utilities Included
Showing Results 1-27, 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 Tamaha5BR/5BA - Magnolia Elite Tech5BR,5BA$715
The Summit at the RiverRiver Pointe 11BR,1BA$750
Ridge View Apartments1 BR 1 BA1BR,1BA$799
Brookstone Apartment Homes1Bed - 1Bath1BR,1BA$799
Stone CreekStudioStudio,1BA$845
Valley Square Apartments1 BR 1 BA1BR,1BA$849
Regal Pointe Apartment HomesStudio - 1BathStudio,1BA$859

Best Value Apartments for Rent in Peterson, AL and Nearby

As of November 08, 2025 the best value apartment in the Peterson area is the $0.81 price per square foot A Model at The Overlook in the in the University of Alabama neighborhood starting from $1,125. The second greatest value Peterson apartment is the C1 Model at Watercress starting at $800 with a $0.63 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.
The OverlookA3BR,3BA$0.81
WatercressC13BR,3BA$0.63
The Cottages at Lake Tamaha2BR/2BA - Birchmore Elite Tech2BR,2BA$0.94
Copper Creek2Bed + 1.5 Bath Townhouse Reno2BR,1.5BA$0.93
Sun Valley Apartments2 BR 2 BA2BR,2BA$1.02
2800 McFarland2800 McFarland2BR,2BA$1.00
High Country Apartments2Bed - 1Bath2BR,1BA$0.99
Eastwood Manor2Bed - 1.5Bath - TH2BR,1.5BA$1.07
Eddins Estates ApartmentsTwo Bedroom2BR,1BA$0.94
Valley Square Apartments1 BR 1 BA1BR,1BA$1.02

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

Pet Friendly Lifestyle
Peterson, AL

Ranked #94

Among cities in Alabama for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Peterson, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Peterson, AL

View Map
Peterson, AL Apartments Map
View Map
Peterson, AL Rental Homes Map

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 $870 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 Mountain View Apartment Homes and starts from $1,279.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.