Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $400 (38 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

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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Park Manor
Studio to 1 Bedroom Apartments

Park Manor

1301 20th St SBirmingham, AL 35205
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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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Places At Red Rocks
1 to 2 Bedroom Apartments

Places At Red Rocks

1534 17th StBirmingham, AL 35205
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Highland Towers
Studio 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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Hermosa
Studio Apartments

Hermosa

1127 23rd St SBirmingham, AL 35205
  • Utilities Included

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.

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Manor Village
1 to 2 Bedroom Apartments

Manor Village

1855 16th AveBirmingham, AL 35205
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The Cordelle
1 Bedroom Apartments

The Cordelle

1415 13th St SBirmingham, AL 35205
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The Richmond
1 Bedroom Apartments

The Richmond

2030 Highland Ave SBirmingham, AL 35205
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1321 18th Ave S
1 Bedroom Apartments

1321 18th Ave S

1321 18th Ave SBirmingham, AL 35205
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Fox Hall
1 to 2 Bedroom Apartments

Fox Hall

1613 13th Ave SBirmingham, AL 35205
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The Bend
1 Bedroom Apartments

The Bend

1325 13th Ave SBirmingham, AL 35205
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The Ashton
1 Bedroom Apartments

The Ashton

1524 14th Ave SBirmingham, AL 35205
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Breezeway
1 Bedroom Apartments

Breezeway

1644 12th St SBirmingham, AL 35205
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Gean Rise
1 Bedroom Apartments

Gean Rise

1741 15th Ave SBirmingham, AL 35205
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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.

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The Wright
1 Bedroom Apartments

The Wright

2148 16th Ave SBirmingham, AL 35205
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Terrace View
1 Bedroom Apartments

Terrace View

1301 18th Ave SBirmingham, AL 35205
  • Utilities Included

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 1 Bed unit found at Southridge Apartments priced from $740. University Place has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Five Points South apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
University PlaceSmall StudioStudio,1BA$799
Mountainside ApartmentsOne Bedroom1BR,1BA$799
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$800
The Fitzgerald in Five Points5-9 1 BR / 1 BTH1BR,1BA$816
Glen Iris Arms1 Bedroom / 1 Bathroom Apartment, Top Level, Co...1BR,1BA$818
Cedar South1 Bedroom / 1 Bathroom Apartment, Ground Level1BR,1BA$840
The Cordelle1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$850
The Richmond1 Bedroom / 1 Bathroom Apartment, A1BR,1BA$851
Fox Hall1x1-A1BR,1BA$863

Best Value Apartments for Rent in Five Points South, AL

As of June 16, 2025 the best value apartment in the Five Points South area is the $1.29 price per square foot Two Bedroom B Model at Mountainside Apartments in the in the West End neighborhood starting from $1,229. The second greatest value Five Points South apartment is the 2 Bedroom / 1 Bathroom Apartment Model at Southside Manor starting at $1,128 with a $1.25 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.
Mountainside ApartmentsTwo Bedroom B2BR,2BA$1.29
Southside Manor2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.25
Phares1 Bedroom/ 1 Bathroom1BR,1BA$1.24
The View on 18th2BR / 1BA2BR,1BA$1.17
The Larisa2 Bedroom / 1 Bathroom Apartment, Ground Level2BR,1BA$1.35
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Fitzgerald in Five Points5-9 1 BR / 1 BTH1BR,1BA$1.14
Element 262x1 [2nd Floor, Corner, Parking Lot Facing]2BR,1BA$1.40
Cedar South1 Bedroom / 1 Bathroom Apartment, Ground Level1BR,1BA$1.29
Monroe Crest Apartments1 Bedroom / 1 Bathroom Apartment with Washer/Dryer1BR,1BA$1.40

Quick Rent Budget Calculator

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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!

Getting Around the Five Points South Neighborhood in Birmingham, AL

Walk Score®

86 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

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 $863.

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 $2,075.

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 48 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 $359 which is $1,716 cheaper than the average rent for all rentals in Five Points South.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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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.