
Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $500 (109 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points South area of Birmingham.


1131 10th St S, Unit Upstairs Long Room

Silver Oak

Element 26

Total Monthly Price
Magnolia Court

DMG Mountainside

The Dulion

Glen Iris Arms

The LaSalle

Townview
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

Ramsay Apartments

Total Monthly Price
University Place

Places at Red Rocks

The Irish

Total Monthly Price
Towncrest Apartments

Total Monthly Price
Mountain Crest

Thomas Jefferson Towers

The Ellison

Total Monthly Price
Piedmont Terrace

Warwick Manor
Rent According to Income: A Look at Income-Restricted Rentals
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Citizen Birmingham

Carriage Court

Total Monthly Price
Fox Hall

1732 11th Pl S

Reserve on 3rd

Total Monthly Price
Parkside Place

Total Monthly Price
1636 11th Pl S

20 Midtown

The Fitzroy

1124 Cullom St S
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Ellys

Total Monthly Price
Cortland Vesta

The Waites

McCormic II Apartments

Magnolia South Apartment Homes

Drake and Madrid

Park Manor

The Bellows

Southridge Apartments

The Bend
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.

Stratford

Highland Towers

Flats on 15th

The Hillside Apartments

Kisor Flats

Tivoli

Wilbur

Silverado

The Cordelle

Sutton House
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.
Five Points South, Birmingham, AL Local Guide

How much does it cost to rent an apartment in Five Points South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points South Studio Apartments | $1,369 | $625 | $2,336 |
| Five Points South 1 Bedroom Apartments | $1,618 | $749 | $6,253 |
| Five Points South 2 Bedroom Apartments | $2,032 | $779 | $8,156 |
| Five Points South 3 Bedroom Apartments | $2,250 | $1,039 | $3,136 |
| Five Points South 4 Bedroom Apartments | $2,265 | $785 | $3,783 |
Browse Apartments in this Neighborhood
There are currently 109 rentals with your search options within a 2 mile radius of the Five Points South Neighborhood of Birmingham, AL.
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Five Points South, Birmingham, AL Local Guide
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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 McCormic II Apartments priced from $591. University Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Five Points South apartments for rent in Birmingham, AL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McCormic II Apartments | Studio Apartment | Studio,1BA | $591 |
| University Ridge Apartments | Studio | Studio,1BA | $625 |
| Magnolia Court | Studio Apartment | Studio,1BA | $744 |
| DMG Mountainside | Mtn One Bedroom | 1BR,1BA | $749 |
| The Hillside Apartments | 1 Bed / 1 Bath | 1BR,1BA | $775 |
| Wilbur | 1 Bedroom / 1 Bathroom Apartment, Top Level | 1BR,1BA | $784 |
| The Cordelle | Studio Apartment, Top Level, Corner | Studio,1BA | $795 |
| Manor Village | 1x1 [2nd Floor, No View] | 1BR,1BA | $819 |
| Glen Iris Arms | 1 Bedroom / 1 Bathroom Apartment, Top Level | 1BR,1BA | $821 |
| Townview | TOWNVIEW 1X1 | 1BR,1BA | $884 |
Best Value Apartments for Rent in Five Points South, AL
As of August 07, 2026 the best value apartment in the Five Points South area is the $1.07 price per square foot 3BD 1 BATH Model at 621 19th Ct S in the in the Woodland Park neighborhood starting from $1,500. The second greatest value Five Points South apartment is the 2 Bedroom Model at Places at Red Rocks starting at $999 with a $0.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 621 19th Ct S | 3BD 1 BATH | 3BR,1BA | $1.07 |
| Places at Red Rocks | 2 Bedroom | 2BR,1BA | $0.91 |
| Terrace Court | 1x1 [2nd Floor] | 1BR,1BA | $1.08 |
| DMG Mountainside | Mtn Two Bedroom One Bath | 2BR,1BA | $1.09 |
| Southside Manor | 2 Bedroom / 1 Bathroom Apartment | 2BR,1BA | $1.20 |
| Fox Hall | 2x2 [2nd Floor] | 2BR,2BA | $1.36 |
| Dana Apartments | 1 Bedroom / 1 Bathroom Apartment, Second Level | 1BR,1BA | $1.36 |
| Townview | TOWNVIEW 1X1 | 1BR,1BA | $1.31 |
| Manor Village | 1x1 [2nd Floor, No View] | 1BR,1BA | $1.31 |
| Wilbur | 1 Bedroom / 1 Bathroom Apartment, Top Level | 1BR,1BA | $1.31 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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 $884.
What is the price of a cheap apartment in Five Points South?
The cheapest apartment in Five Points South is DMG Mountainside which is listed at $749, while the average apartment in Five Points South costs $1,649.
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 88 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 $1,022 which is $627 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

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.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.