Cheap Homes for Rent in Downtown Birmingham Neighborhood of Birmingham, AL from $700 (47 Rentals)

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Search the lowest-cost Homes 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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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

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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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 Jun 1

55 Hanover Cir

BirminghamAL35205
property at 2024 29th St N

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Total Monthly Price
$1,125

2 Bedroom, 1 Bath Home for Rent

Available Now

2024 29th St N

BirminghamAL35234

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 57 Hanover Cir

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

57 Hanover Cir, Unit 220

57 Hanover Cir
BirminghamAL35205
property at 1578 Druid Hill Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1578 Druid Hill Dr, Unit 1

1578 Druid Hill Dr
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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property at 1801 2nd Ave N

$1,249

1 Bedroom, 1 Bath Rentals

Available Now

208

1801 2nd Ave N
BirminghamAL35203

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

A Local Experts Guide to The Best Affordable Neighborhoods in the Birmingham, AL area for affordable living. Find your perfect Birmingham apartment, condo, or rental home today at ApartmentHomeliving.com

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property at 401 20th St S

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

401 20th St S, Unit 202

401 20th St S
BirminghamAL35233
Showing Results 1-47, Page 1 of 1

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 University Ridge Apartments priced from $625. Terrace Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here are the most affordable Downtown Birmingham apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
614 1st St S1BR/1BA1BR,1BA$750
Element 261x1 [1st Floor, Street Facing]1BR,1BA$758
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775
The Bellows5-6 1 BR / 1 BTH1BR,1BA$783
Clairmont Apartments1 BR / 1 BTH1BR,1BA$789
Stratford1 Bedroom / 1 Bathroom Apartment, Second Level1BR,1BA$789
Sutton House1 - 1 BR / 1 BTH1BR,1BA$804
The DulionMedium StudioStudio,1BA$810

Best Value Apartments for Rent in Downtown Birmingham, AL

As of May 31, 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
DMG MountainsideMtn Two Bedroom Two Bath2BR,2BA$1.19
The Marshall on 5th2BR/2BA - B22BR,2BA$1.09
Southside Manor2 Bedroom / 1 Bathroom Apartment with Washer/Dryer2BR,1BA$1.23
Lakeview1 Bedroom/ 1 Bathroom1BR,1BA$1.10
The Marshall on 3rd2BR/2BA - B22BR,2BA$1.06
The Irish1 Bedroom / 1 Bathroom Apartment, Ground Level1BR,1BA$1.24
Places at Red Rocks1 Bedroom1BR,1BA$1.13
Altamont Cliffs1 Bedroom / 1 Bathroom Apartment, 1308 and 1316...1BR,1BA$1.27

Frequently Asked Questions about Downtown Birmingham

What type of rentals are currently available in Downtown Birmingham?

There are currently 453 Apartments for Rent in Downtown Birmingham, AL with pricing that ranges from $595 to $14,545. There are also 179 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Birmingham ranging from $725 to $3,800.

What is the current price range for Rental Homes in Downtown Birmingham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Birmingham ranges from $725 to $3,800 with an average monthly rent of $1,569.

How much are larger Three and Four Bedroom Rentals in Downtown Birmingham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Birmingham range from $1,039 to $5,119, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $659.

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.