Cheap Apartments for Rent in Theodore, AL from $500 (53 Rentals)

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

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Pearson Park Apartments
1 to 3 Bedroom Apartments

Pearson Park Apartments

6845 Carol Plantation RdTheodore, AL 36582
  • Utilities Included
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Spanish Oaks
1 Bedroom Apartments

Spanish Oaks

6232 Spanish Trail DrTheodore, AL 36582

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Oak Tree Apartments
1 to 2 Bedroom Apartments

Oak Tree Apartments

5675 Old Pascagoula RdMobile, AL 36619
  • Utilities Included
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Lakeview at Cottage Hill
1 to 3 Bedroom Apartments

Lakeview at Cottage Hill

6650 Cottage Hill RdMobile, AL 36695
Corporate Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Grandview Pointe
1 to 2 Bedroom Apartments

Grandview Pointe

6151 Marina Dr SMobile, AL 36605
Corporate Housing

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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Theodore, AL Local Guide

Cheapest Neighborhoods for Apartments in Theodore, AL

Pricing Updated: 08/07/2026

Current apartment rentals in the Theodore, AL area range in price from $650 to $3,202 with an overall median price of $1,050. Here is today’s list neighborhoods with the lowest median pricing for Theodore Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Tillmans Corner$1,050$65070

Cheapest Available Theodore Apartments for Rent and Nearby

 

The cheapest available apartment rental in Theodore, AL is a 1 Bed unit found at Dandale Apartments in the West Mobile neighborhood priced from $650. Montlimar in the West Mobile neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Theodore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dandale Apartments1 Bed, 1 bath1BR,1BA$650
Montlimar1 Bedroom1BR,1BA$695
Oak Tree Apartments1 Bedroom 1 Bathroom1BR,1BA$750
Hunters Pointe1 Bdrm - 1 Bath1BR,1BA$765
Harbor Run2BR2BR,2BA$775
X - Tillman Park Apartments1 Bedroom 1 Bathroom1BR,1BA$776
Acasa Inverness Lakes1 Bed 1 Bath1BR,1BA$781
Plantation Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Greenbriar Townhomes2BR2BR,1BA$827
Coastal Pointe1AGa1BR,1BA$830

Best Value Apartments for Rent in Theodore, AL and Nearby

As of August 07, 2026 the best value apartment in the Theodore area is the $0.82 price per square foot 3 Bed 2 Bath Model at Acasa Inverness Lakes in the in the West Mobile neighborhood starting from $1,171. The second greatest value Theodore apartment is the The Magnolia Model at Stone Ridge Apartment Homes starting at $1,535 with a $1.26 price per square foot in the West Mobile neighborhood. Here is today’s list of the best values for Theodore apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Acasa Inverness Lakes3 Bed 2 Bath3BR,2BA$0.82
Stone Ridge Apartment HomesThe Magnolia3BR,2BA$1.26
Rondo Apartments2BR/1.5BA2BR,1.5BA$0.78
Cottage Hill FarmsTwo Bedroom2BR,2BA$1.23
Harbor Run2BR2BR,2BA$0.79
Montlimar1 Bedroom1BR,1BA$0.93
Greenbriar Townhomes2BR2BR,1.5BA$1.16
X - Tillman Park Apartments2 Bedroom 1 Bathroom2BR,1BA$1.27
Hunters Pointe1 Bdrm - 1 Bath1BR,1BA$1.20
Dandale Apartments1 Bed, 1 bath1BR,1BA$1.12

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Theodore, AL

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

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Frequently Asked Questions about Cheap Theodore Apartments

How much is rent for a Cheap One Bedroom Theodore Apartment?

The lowest price for a Cheap One Bedroom Theodore Apartment is $650 at Dandale Apartments.

What is the lowest price for a Cheap Two Bedroom Theodore Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Theodore is starting from $775 at Harbor Run.

What is the most affordable Theodore Three Bedroom Apartment?

The best deal on a cheap Theodore Three Bedroom Apartment rental is at Acasa Inverness Lakes and starts from $1,171.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.