Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $500 (109 Rentals)

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

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Magnolia Court
Rent Specials
$744 - $886
Total Monthly Price

Total Monthly Price

Base Rent
$744 - $886

Total Monthly Price
$744 - $886
Studio Apartments Available Now

Magnolia Court

1147 14th Ave SBirmingham, AL 35205
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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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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
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Mountain Crest
Rent Specials
$977 - $1,167
Total Monthly Price

Total Monthly Price

Base Rent
$977 - $1,167

Total Monthly Price
$977 - $1,167
1 Bedroom Apartments Available Now

Mountain Crest

1633 13th Ave SBirmingham, AL 35205
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Piedmont Terrace
Rent Specials
$1,081 - $1,421
Total Monthly Price

Total Monthly Price

Base Rent
$1,081 - $1,421

Total Monthly Price
$1,081 - $1,421
2 Bedroom Apartments Available Now

Piedmont Terrace

1331-1355 14th Ave SBirmingham, AL 35205
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Fox Hall
$1,152 - $1,317
Total Monthly Price

Total Monthly Price

Base Rent
$1,152 - $1,317

Total Monthly Price
$1,152 - $1,317
2 Bedroom Apartments Available Now

Fox Hall

1613 13th Ave SBirmingham, AL 35205
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Parkside Place
Rent Specials
$1,287 - $1,477
Total Monthly Price

Total Monthly Price

Base Rent
$1,287 - $1,477

Total Monthly Price
$1,287 - $1,477
2 Bedroom Apartments Available Now

Parkside Place

1413 11th Pl SBirmingham, AL 35205
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1636 11th Pl S
$1,300 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,500

Total Monthly Price
$1,300 - $1,500
1 Bedroom Apartment Available Now

1636 11th Pl S

1636 11th Pl SBirmingham, AL 35205
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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.

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Cortland Vesta
Rent Specials
$1,393 - $8,156
Total Monthly Price

Total Monthly Price

Base Rent
$1,393 - $8,156

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Cortland Vesta

2173 Highland Ave SBirmingham, AL 35205
Student Housing
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Drake and Madrid
Studio to 1 Bedroom Apartments

Drake and Madrid

1931 15th Ave SBirmingham, AL 35205
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Park Manor
Studio to 1 Bedroom Apartments

Park Manor

1301 20th 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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The Bend
1 Bedroom Apartments

The Bend

1325 13th Ave SBirmingham, AL 35205

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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Stratford
1 Bedroom Apartments

Stratford

1000-1010 18th 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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Flats on 15th
Studio to 2 Bedroom Apartments

Flats on 15th

1322 15th Ave 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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Kisor Flats
1 Bedroom Apartments

Kisor Flats

1426 18th St SBirmingham, AL 35205
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Tivoli
Studio to 1 Bedroom Apartments

Tivoli

1141 14th St SBirmingham, AL 35205
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Wilbur
1 Bedroom Apartments

Wilbur

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

Silverado

1340 14th Ave SBirmingham, AL 35205
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The Cordelle
Studio to 1 Bedroom Apartments

The Cordelle

1415 13th St SBirmingham, AL 35205
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Sutton House
1 Bedroom Apartments

Sutton House

1416 14th St SBirmingham, AL 35205

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

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 ListingModel NameBed/BathPriced From
McCormic II ApartmentsStudio ApartmentStudio,1BA$591
University Ridge ApartmentsStudioStudio,1BA$625
Magnolia CourtStudio ApartmentStudio,1BA$744
DMG MountainsideMtn One Bedroom1BR,1BA$749
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775
Wilbur1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$784
The CordelleStudio Apartment, Top Level, CornerStudio,1BA$795
Manor Village1x1 [2nd Floor, No View]1BR,1BA$819
Glen Iris Arms1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$821
TownviewTOWNVIEW 1X11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
621 19th Ct S3BD 1 BATH3BR,1BA$1.07
Places at Red Rocks2 Bedroom2BR,1BA$0.91
Terrace Court1x1 [2nd Floor]1BR,1BA$1.08
DMG MountainsideMtn Two Bedroom One Bath2BR,1BA$1.09
Southside Manor2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.20
Fox Hall2x2 [2nd Floor]2BR,2BA$1.36
Dana Apartments1 Bedroom / 1 Bathroom Apartment, Second Level1BR,1BA$1.36
TownviewTOWNVIEW 1X11BR,1BA$1.31
Manor Village1x1 [2nd Floor, No View]1BR,1BA$1.31
Wilbur1 Bedroom / 1 Bathroom Apartment, Top Level1BR,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.

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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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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

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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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.