Cheap Apartments for Rent in the Prospect Neighborhood of Mobile, AL from $500 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect area of Mobile.

Prospect, Mobile, AL Local Guide

Cheapest Available Prospect Apartments for Rent

 

The cheapest available apartment rental in the Prospect area of Mobile, AL is a 1 Bed unit found at 79 Fifty Nine West priced from $900. Acasa Inverness Lakes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Prospect apartments for rent in Mobile, AL:

Apartment ListingModel NameBed/BathPriced From
79 Fifty Nine WestA11BR,1BA$900
Acasa Inverness Lakes1 Bed 1 Bath1BR,1BA$1,100
Cypress Cove Apartment HomesThe Cypress1BR,1BA$1,200

Best Value Apartments for Rent in Prospect, AL

As of April 16, 2025 the best value apartment in the Prospect area is the $1.03 price per square foot 1 Bed 1 Bath Model at Acasa Inverness Lakes in the in the West Mobile neighborhood starting from $1,100. The second greatest value Prospect apartment is the Chestnut Model at 61Ninety West starting at $1,467 with a $1.47 price per square foot in the West Mobile neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Acasa Inverness Lakes1 Bed 1 Bath1BR,1BA$1.03
61Ninety WestChestnut2BR,2BA$1.47
Cypress Cove Apartment HomesThe Cypress1BR,1BA$1.25
Charleston Apartment HomesOne Bedroom1BR,1BA$1.50
79 Fifty Nine WestA11BR,1BA$1.06

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Pet Friendly Lifestyle
Prospect, Mobile, AL

Ranked #88

Among neighborhoods in Mobile, AL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Prospect Neighborhood in Mobile, AL

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Prospect Apartments

What is the price of a cheap apartment in Prospect?

The cheapest apartment in Prospect is 79 Fifty Nine West which is listed at $900, while the average apartment in Prospect costs $1,500.

What types of apartments are the cheapest in Prospect?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Prospect that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Prospect?

Cheap apartments in Prospect have an average cost of $500 which is $1,000 cheaper than the average rent for all rentals in Prospect.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.