Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $500 (75 Rentals)

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

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.

property at 1504 12th St S

$700 - $1,100

1 To 2 Bedroom Rentals

Available Now

1504 12th St S

BirminghamAL35205

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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Park Manor
Studio to 1 Bedroom Apartments

Park Manor

1301 20th St SBirmingham, AL 35205

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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Drake and Madrid
Studio to 1 Bedroom Apartments

Drake and Madrid

1931 15th Ave SBirmingham, AL 35205
  • Utilities Included
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The Cordelle
Studio to 1 Bedroom Apartments

The Cordelle

1415 13th St SBirmingham, AL 35205
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Highland Towers
Studio to 2 Bedroom Apartments

Highland Towers

2257 Highland Ave SBirmingham, AL 35205
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Davis House
1 to 2 Bedroom Apartments

Davis House

1117 23rd St SBirmingham, AL 35205
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Stratford
1 Bedroom Apartments

Stratford

1000-1010 18th St SBirmingham, AL 35205
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The Hillside Apartments
1 to 2 Bedroom Apartments

The Hillside Apartments

1521 17th StBirmingham, AL 35205
Student Housing
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Wilbur
1 Bedroom Apartments

Wilbur

1605 12th St SBirmingham, AL 35205
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Charleston Court
Studio to 2 Bedroom Apartments

Charleston Court

2155 11th Ct SBirmingham, AL 35205

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Tivoli
Studio to 1 Bedroom Apartments

Tivoli

1141 14th St SBirmingham, AL 35205
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Sutton House
1 Bedroom Apartments

Sutton House

1416 14th St SBirmingham, AL 35205
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Saint Charles
2 Bedroom Apartments

Saint Charles

1420 18th St SBirmingham, AL 35205
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The Bellows
1 to 2 Bedroom Apartments

The Bellows

1438 18th St SBirmingham, AL 35205
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Hermosa
Studio to 2 Bedroom Apartments

Hermosa

1127 23rd St SBirmingham, AL 35205
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Glen Iris Arms
1 to 2 Bedroom Apartments

Glen Iris Arms

1620 11th Pl SBirmingham, AL 35205
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Manor Village
1 to 2 Bedroom Apartments

Manor Village

1855 16th AveBirmingham, AL 35205
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Oak Hill
Studio to 3 Bedroom Apartments

Oak Hill

1926 16th Ave SBirmingham, AL 35205
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The Bend
1 Bedroom Apartments

The Bend

1325 13th Ave SBirmingham, AL 35205

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.

Five Points South, Birmingham, AL Local Guide

Cheapest Available Five Points South Apartments for Rent

 

The cheapest available apartment rental in the Five Points South area of Birmingham, AL is a Studio unit found at University Ridge Apartments priced from $625. Southridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here are the most affordable Five Points South apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Ground Floor,...1BR,1BA$766
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775
TivoliUnits 1-4, 6-7, 11-13 1 BR / 1 BTH1BR,1BA$782
DMG MountainsideMtn One Bedroom1BR,1BA$785
Tower on TenthFive PointsStudio,1BA$804
The DulionMedium StudioStudio,1BA$810
Manor Village1x1 [1st Floor]1BR,1BA$813

Best Value Apartments for Rent in Five Points South, AL

As of February 05, 2026 the best value apartment in the Five Points South area is the $0.94 price per square foot 2x1 [5th Floor] Model at Terrace Court in the in the Smithfield neighborhood starting from $1,213. The second greatest value Five Points South apartment is the 2 Bedroom Model at Places at Red Rocks starting at $1,300 with a $1.19 price per square foot in the Smithfield neighborhood. Here is today’s list of the best values for Five Points South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrace Court2x1 [5th Floor]2BR,1BA$0.94
Places at Red Rocks2 Bedroom2BR,1BA$1.19
The Cecil2 Bedroom / 1 Bathroom, Ground Floor2BR,1BA$1.23
The Irish2 Bedroom / 1.5 Bathroom Apartment2BR,1.5BA$1.31
DMG MountainsideMtn Two Bedroom Two Bath2BR,2BA$1.11
The Ivy2 Bedroom / 1 Bathroom Apartment, Ground Level2BR,1BA$1.23
Silverado2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.07
Signal Hill1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$1.19
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
Manor Village1x1 [1st Floor]1BR,1BA$1.30

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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

Our team compares millions of points of data to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Birmingham, Alabama. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Five Points South Apartments

What is a cheap apartment in Five Points South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points South is under $813.

What is the price of a cheap apartment in Five Points South?

The cheapest apartment in Five Points South is Southridge Apartments which is listed at $740, while the average apartment in Five Points South costs $1,921.

What types of apartments are the cheapest in Five Points South?

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 155 regular apartments in Five Points South 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 Five Points South?

Cheap apartments in Five Points South have an average cost of $697 which is $1,224 cheaper than the average rent for all rentals in Five Points South.

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

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.