Cheap Homes for Rent in Rainbow City, AL from $500 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Rainbow City.

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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Rainbow City, AL Local Guide

Cheapest Available Rainbow City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rainbow City, AL is a 2 Beds unit found at Fox Run priced from $525. Emerald Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Rainbow City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fox Run2 Beds, 1 bath2BR,1BA$525
Emerald CourtOne Bedroom1BR,1BA$525
Spring Lake Lodge1BR/1BA SEC A UPGRAD1BR,1BA$715
Chandlerchan11C1BR,1BA$745
Meadow Oaks2BR/2BA2BR,2BA$751

Best Value Apartments for Rent in Rainbow City, AL and Nearby

As of June 26, 2025 the best value apartment in the Rainbow City area is the $1.05 price per square foot Kellen Model at St James in the starting from $1,805. The second greatest value Rainbow City apartment is the 4 BEDROOM Model at Arbours at Cane Creek starting at $1,078 with a $0.80 price per square foot . Here is today’s list of the best values for Rainbow City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
St JamesKellen4BR,2.5BA$1.05
Arbours at Cane Creek4 BEDROOM4BR,2BA$0.80
Vines at Williamsburg2 Bed Townhouse, 1.5 Bath2BR,1.5BA$0.86
Barrington Parc Apartments2x22BR,2BA$0.76
Ashbrook ApartmentsTwo Bedrooms2BR,2BA$0.80
Harrison Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Meadows of Alexandria2 Bedroom2BR,2BA$0.91
The Pointe @ JSU2x22BR,2BA$0.82
Emerald CourtOne Bedroom1BR,1BA$0.69
Fox Run2 Beds, 1 bath2BR,1BA$0.74

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Frequently Asked Questions about Rainbow City

What type of rentals are currently available in Rainbow City?

There are currently 50 Apartments for Rent in Rainbow City, AL with pricing that ranges from $435 to $2,196. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rainbow City ranging from $550 to $3,800.

What is the current price range for Rental Homes in Rainbow City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rainbow City ranges from $550 to $3,800 with an average monthly rent of $1,214.

How much are larger Three and Four Bedroom Rentals in Rainbow City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rainbow City range from $480 to $1,856, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,800. Four Bedroom Single-Family rentals are also available starting from $625 and Four Bedroom Apartments start at $539.

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.