Cheap Apartments for Rent in Peterson, AL from $400 (30 Rentals)

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

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The Mosaic at Tuscaloosa
$550 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$520 - $1,470
Required Monthly Fees
$30
Total Monthly Price
$550 - $1,500
1 to 4 Bedroom Apartments Contact Us For Availability

The Mosaic at Tuscaloosa

800 31st StTuscaloosa, AL 35401
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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.

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Skyland Pointe
$869 - $1,249
Total Monthly Price

Total Monthly Price

Base Rent
$819 - $1,199
Required Monthly Fees
$50
Total Monthly Price
$869 - $1,249
1 to 2 Bedroom Apartments Available Now

Skyland Pointe

4527 18th Ave ETuscaloosa, AL 35405
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Copper Creek
$900 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$873 - $948
Required Monthly Fees
$27
Total Monthly Price
$900 - $975
2 Bedroom Apartments Available Now

Copper Creek

3504 12th Ave ETuscaloosa, AL 35405
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free
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2800 McFarland
$930 - $1,095
Total Monthly Price

Total Monthly Price

Base Rent
$919 - $1,084
Required Monthly Fees
$11
Total Monthly Price
$930 - $1,095
1 to 2 Bedroom Apartments Available Mar 20

2800 McFarland

2800 Mcfarland BlvdTuscaloosa, AL 35405
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Riverbend Residences
1 to 4 Bedroom Apartments

Riverbend Residences

235 James I Harrison Jr Pky ETuscaloosa, AL 35405
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Magnolia Place
1 to 3 Bedroom Apartments

Magnolia Place

3820 1st AveTuscaloosa, AL 35405
Corporate Housing
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Z - Forrester Gardens
2 to 3 Bedroom Apartments

Z - Forrester Gardens

1350 James I Harrison Jr Pky ETuscaloosa, AL 35405
  • Utilities Included

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 1-30, 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. 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 ListingModel NameBed/BathPriced From
Flex Studio Apartments1BR/1.0BAStudio,1BA$495
Cobblestone CourtHardwood LVT Flooring UnitStudio,1BA$630
Forest Lake ApartmentsSmall One BR1BR,1BA$699
The Summit at the RiverRiver Pointe 11BR,1BA$750
The Cottages at Lake Tamaha5BR/5BA - Magnolia Elite Tech5BR,5BA$780
Brookstone Apartment Homes1Bed - 1Bath1BR,1BA$799
Regal Pointe Apartment HomesStudio - 1BathStudio,1BA$799
Mountain View Apartment HomesStudioStudio,1BA$799
Stone CreekStudioStudio,1BA$845
Skyland PointeBryant - 1 Bed/1 Bath1BR,1BA$869

Best Value Apartments for Rent in Peterson, AL and Nearby

As of February 21, 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 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$0.97
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$0.97
French Quarter ApartmentsOne Bedroom1BR,1BA$1.17
Fountain Square Apartment Homes2 Bed 1Bath2BR,1BA$1.13
Valley Square Apartments1 BR 1 BA1BR,1BA$1.02
Ridge View Apartments2 BR 2 BA2BR,2BA$1.21

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.

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The 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.

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Cash 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.

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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.

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

Explore Peterson, AL Rentals by Map

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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

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

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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.

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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.

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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.

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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.