
Cheap Apartments for Rent in Peterson, AL from $400 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Peterson.


Flex Studio Apartments

Total Monthly Price
The Mosaic at Tuscaloosa

Hackberry Place

Cobblestone Court

The Summit at the River

Forest Lake Apartments

Regal Pointe Apartment Homes
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.

Mountain View Apartment Homes

Ridge View Apartments

Brookstone Apartment Homes

Aspen Village Apartment Homes

High Country Apartments

Stone Creek

Forrester Gardens Apartments

Valley Square Apartments
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.

Total Monthly Price
Skyland Pointe

WR Tower Apartments

Total Monthly Price
Copper Creek

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2800 McFarland

Williamsburg East

Eddins Estates Apartments

The Willows

Sun Valley Apartments
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.

Royal Hills

Fountain Square Apartment Homes

French Quarter Apartments

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Water Oak Apartments

Court Woods Apartments

Total Monthly Price
The Reserve at North River Apartments

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High River

Yorktown Commons Luxury Apartments
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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Gates at South Bend

St. John Flats II

The Oakley

Magnolia Place

1515 Kicker Rd

1505 18th E St

Eastwood Manor

2515 Veterans Memorial Pkwy
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

19 Springbrook Cir

10801 Tiara Dr

1606 5th Ave
Peterson, AL Local Guide

How much does it cost to rent an apartment in Peterson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterson Studio Apartments | $827 | $495 | $1,599 |
| Peterson 1 Bedroom Apartments | $1,158 | $465 | $1,870 |
| Peterson 2 Bedroom Apartments | $1,234 | $715 | $2,150 |
| Peterson 3 Bedroom Apartments | $1,683 | $849 | $5,052 |
| Peterson 4 Bedroom Apartments | $1,062 | $739 | $3,600 |
Browse Top Apartments in Peterson
See all Apartments in PetersonExplore Peterson
Peterson, AL Local Guide
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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. Cobblestone Court in the University of Alabama neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here is today’s list of the most affordable Peterson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flex Studio Apartments | 1BR/1.0BA | Studio,1BA | $495 |
| Cobblestone Court | Hardwood LVT Flooring Unit | Studio,1BA | $630 |
| The Summit at the River | River Pointe 1 | 1BR,1BA | $750 |
| Forest Lake Apartments | Small One BR | 1BR,1BA | $750 |
| Regal Pointe Apartment Homes | Studio - 1Bath | Studio,1BA | $789 |
| Mountain View Apartment Homes | Studio | Studio,1BA | $799 |
| Brookstone Apartment Homes | 1Bed - 1Bath | 1BR,1BA | $799 |
| Aspen Village Apartment Homes | 2 Bedroom 1 Bath | 2BR,1BA | $809 |
| Stone Creek | Studio | Studio,1BA | $845 |
| Forrester Gardens Apartments | 2x1 | 2BR,1BA | $845 |
Best Value Apartments for Rent in Peterson, AL and Nearby
As of April 07, 2026 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 2BR/2BA - Birchmore Elite Tech Model at The Cottages at Lake Tamaha starting at $1,390 with a $1.11 price per square foot in the Northport North of River neighborhood. Here is today’s list of the best values for Peterson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Overlook | A | 3BR,3BA | $0.81 |
| The Cottages at Lake Tamaha | 2BR/2BA - Birchmore Elite Tech | 2BR,2BA | $1.11 |
| Copper Creek | 2Bed + 1.5 Bath Townhouse Reno | 2BR,1.5BA | $0.93 |
| Sun Valley Apartments | 2 BR 2 BA | 2BR,2BA | $0.97 |
| 2800 McFarland | 2800 McFarland | 2BR,2BA | $1.00 |
| Eastwood Manor | 2Bed - 1.5Bath - TH | 2BR,1.5BA | $1.07 |
| The Willows | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.04 |
| High Country Apartments | Two Bed One Bath | 2BR,1BA | $0.98 |
| Valley Square Apartments | 1 BR 1 BA | 1BR,1BA | $1.04 |
| Forrester Gardens Apartments | 2x1 | 2BR,1BA | $1.10 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 Peterson, AL Rentals by Map
See the most popular apartments and homes in Peterson, AL
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 $750 at The Summit at the River.
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 $809 at Aspen Village Apartment Homes.
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 $1,089.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.