Cheap Apartments for Rent in the Downtown Birmingham Neighborhood of Birmingham, AL from $300 (255 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Birmingham area of Birmingham.

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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University Place
$899 - $2,315
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $2,315
Total Monthly Price
$899 - $2,315
Studio to 2 Bedroom Apartments Available Now

University Place

951 18th St SBirmingham, AL 35205
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 2813 31st Ave N

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

2813 31st Ave N

BirminghamAL35207

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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property at 55 Hanover Cir

$1,000 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,100
Total Monthly Price
$1,000 - $1,100

1 Bedroom, 1 Bath Condo for Rent

Available Soon

55 Hanover Cir

BirminghamAL35205
property at 1906 15th Ct N

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

1906 15th Ct N

BirminghamAL35234

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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Highland Cliffs
$1,087 - $1,174
Total Monthly Price

Total Monthly Price

Base Rent
$1,087 - $1,174
Total Monthly Price
$1,087 - $1,174
1 Bedroom Apartments Available Now

Highland Cliffs

3401 Cliff RdBirmingham, AL 35205
Affordability
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  • 3D Tour

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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Downtown Birmingham, Birmingham, AL Local Guide

Cheapest Available Downtown Birmingham Apartments for Rent

 

The cheapest available apartment rental in the Downtown Birmingham area of Birmingham, AL is a Studio unit found at McCormic II Apartments priced from $588. University Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Downtown Birmingham apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
McCormic II ApartmentsStudio ApartmentStudio,1BA$588
University Ridge ApartmentsStudioStudio,1BA$625
614 1st St S1BR/1BA1BR,1BA$750
The Delacroix0 Beds, 1 BathsStudio,1BA$750
Magnolia CourtStudio ApartmentStudio,1BA$761
Element 261x1 [2nd Floor, Street Facing]1BR,1BA$770
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770
Highland CourtStudio ApartmentStudio,1BA$788
The SheratonLarge StudioStudio,1BA$795
Bon Villa Apartments2 Beds, 1 Baths2BR,1BA$795

Best Value Apartments for Rent in Downtown Birmingham, AL

As of June 19, 2026 the best value apartment in the Downtown Birmingham area is the $1.15 price per square foot 2 Bedroom Model at Fix Play Lofts in the in the Smithfield neighborhood starting from $1,599. The second greatest value Downtown Birmingham apartment is the 1x1 [2nd Floor] Model at Terrace Court starting at $1,048 with a $1.09 price per square foot in the Smithfield neighborhood. Here is today’s list of the best values for Downtown Birmingham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fix Play Lofts2 Bedroom2BR,1BA$1.15
Terrace Court1x1 [2nd Floor]1BR,1BA$1.09
The Marshall on 5th2BR/2BA - B22BR,2BA$1.08
Southside Manor2 Bedroom / 1 Bathroom Apartment with Washer/Dryer2BR,1BA$1.21
Magnolia CreekUnit 19092BR,1BA$0.89
Lakeview1 Bedroom/ 1 Bathroom1BR,1BA$1.10
The Marshall on 3rd2BR/2BA - B22BR,2BA$1.06
Bon Villa Apartments2 Beds, 1 Baths2BR,1BA$1.13
Places at Red Rocks1 Bedroom1BR,1BA$1.13
Highland Court II Apartments1 Bedroom / 1 Bathroom Apartment1BR,1BA$1.17

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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across Alabama, including Birmingham. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Birmingham Apartments

What is a cheap apartment in Downtown Birmingham?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Birmingham is under $795.

What is the price of a cheap apartment in Downtown Birmingham?

The cheapest apartment in Downtown Birmingham is 614 1st St S which is listed at $750, while the average apartment in Downtown Birmingham costs $2,660.

What types of apartments are the cheapest in Downtown Birmingham?

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 174 regular apartments in Downtown Birmingham 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 Downtown Birmingham?

Cheap apartments in Downtown Birmingham have an average cost of $802 which is $1,858 cheaper than the average rent for all rentals in Downtown Birmingham.

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 Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability article

Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability

Written by: Larry Allen

Hi. Larry Allen here, your ApartmentHomeLiving.com Local Expert for Birmingham, AL.

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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.

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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.