Cheap Apartments for Rent in Theodore, AL from $500 (48 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

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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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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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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Oak Tree Apartments
1 to 2 Bedroom Apartments

Oak Tree Apartments

5675 Old Pascagoula RdMobile, AL 36619
  • Utilities Included

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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Lakeview at Cottage Hill
1 to 3 Bedroom Apartments

Lakeview at Cottage Hill

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

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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Showing Results 1-48, Page 1 of 1

Theodore, AL Local Guide

Cheapest Neighborhoods for Apartments in Theodore, AL

Pricing Updated: 06/22/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Tillmans Corner$2,687$65071

Cheapest Available Theodore Apartments for Rent

 

The cheapest available apartment rental in Theodore, AL is a 1 Bed unit found at Montlimar in the West Mobile neighborhood priced from $695. Oak Tree Apartments in the West Mobile neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Theodore apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Montlimar1 Bedroom1BR,1BA$695
Oak Tree Apartments1 Bedroom 1 Bathroom1BR,1BA$750
Hunters Pointe1 Bdrm - 1 Bath1BR,1BA$765
Harbor Run2BR2BR,2BA$775
Acasa Inverness Lakes1 Bed 1 Bath1BR,1BA$781
Greenbriar Townhomes2BR2BR,1BA$827
Coastal Pointe1AGa1BR,1BA$830
Clearview ApartmentsOne Bedroom/ One Bath1BR,1BA$875
X - Tillman Park Apartments2 Bedroom 1 Bathroom2BR,1BA$886
Rondo Apartments2BR/1.5BA2BR,1BA$895

Best Value Apartments for Rent in Theodore, AL

As of June 22, 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 Prestige Model at The Oakley at Hillcrest starting at $1,375 with a $1.10 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
The Oakley at HillcrestPrestige2BR,2BA$1.10
Sandpiper2 Bedroom 1.5 Bath2BR,1.5BA$1.02
Rondo Apartments2BR/1.5BA2BR,1.5BA$0.78
Harbor Run2BR2BR,2BA$0.79
Cypress Cove Apartment HomesThe Cypress1BR,1BA$1.31
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

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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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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Best Local Schools in
Theodore, AL

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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 $695 at Montlimar.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.