
Cheap Homes for Rent in Panola, AL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Panola.


220 Rebecca Ln
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.

4018 68th Ave

4017 68th Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

126 Taskaloosa Rd

604 1st St NE
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

150 Mason Dr E

6609 Johnson Rd
Panola, AL Local Guide

How much does it cost to rent a home in Panola?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Panola 2 Bedroom Homes for Rent | $1,037 | $825 | $1,250 |
Panola 3 Bedroom Homes for Rent | $1,484 | $850 | $1,850 |
Panola 4 Bedroom Homes for Rent | $2,514 | $650 | $6,000 |
Browse Top Homes for Rent in Panola
Explore Panola
Panola, AL Local Guide
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Cheapest Available Panola Apartments for Rent and Nearby
 The cheapest available apartment rental in Panola, AL is a 1 Bed unit found at Reunion Apartments in the Downtown Columbus MS neighborhood priced from $697. Landmark Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Panola apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Reunion Apartments | Reserve Apartments 1x1 | 1BR,1BA | $697 |
Landmark Apartment Homes | 1 BED 1 BATH | 1BR,1BA | $725 |
New Meridian Estates | 1BR/1BA Upgraded | 1BR,1BA | $730 |
Best Value Apartments for Rent in Panola, AL and Nearby
As of May 12, 2025 the best value apartment in the Panola area is the $1.03 price per square foot Cali Model at The Grove Moundville in the starting from $1,820. The second greatest value Panola apartment is the 3x3 Townhome Model at Magnolia, A Prosper Community starting at $1,460 with a $0.99 price per square foot in the Skyland McFarland neighborhood. Here is today’s list of the best values for Panola apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Grove Moundville | Cali | 4BR,2BA | $1.03 |
Magnolia, A Prosper Community | 3x3 Townhome | 3BR,3BA | $0.99 |
The Colony Apartment Homes | Three Bedroom | 3BR,2BA | $1.22 |
Riverfront Village | Capstone | 3BR,3BA | $0.69 |
Cypress Park Apartments | 2 Bedroom | 2BR,2BA | $0.99 |
Fox Run Apartments | 1 Bedroom | 1BR,1BA | $0.82 |
Reunion Apartments | Reserve Apartments 1x1 | 1BR,1BA | $0.93 |
Landmark Apartment Homes | 1 BED 1 BATH | 1BR,1BA | $1.05 |
Rivergate | 1x1 Flat Newly Renovated | 1BR,1BA | $1.15 |
New Meridian Estates | 1BR/1BA Upgraded | 1BR,1BA | $1.20 |
Quick Rent Budget Calculator
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.
Frequently Asked Questions about Panola
What type of rentals are currently available in Panola?
There are currently 38 Apartments for Rent in Panola, AL with pricing that ranges from $697 to $3,516. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Panola ranging from $650 to $6,000.
What is the current price range for Rental Homes in Panola?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Panola ranges from $650 to $6,000 with an average monthly rent of $1,678.
How much are larger Three and Four Bedroom Rentals in Panola?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Panola range from $890 to $2,851, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,850. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $1,050.
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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.