This paper addresses a formation tracking problem of multiple low-cost underwater drones by implementing distributed adaptive neural network control (DANNC). It is based on a leader-follower architecture to operate in hazardous environments. First, unknown parameters of underwater vehicle dynamics, which are important requirements for real-world applications, are approximated by a neural network using a radial basis function. More specifically, those parameters are only calculated by local information, which can be obtained by an on-board camera without using an external positioning system. Secondly, a potential function is employed to ensure there is no collision between the underwater drones. We then propose a desired configuration of a group of unmanned underwater vehicles (UUVs) as a time-variant function so that they can quickly change their shape between them to facilitate the crossing in a narrow area. Finally, three UUVs, based on a robot operating system (ROS) platform, are used to emphasize the realistic low-cost aspect of underwater drones. The proposed approach is validated by evaluating in different experimental scenarios.