
Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $500 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points South area of Birmingham.


University Ridge Apartments

Terrace Apartments

Element 26

Magnolia Court

DMG Mountainside

Southwood Gardens

Tower on Tenth

The Dulion

Places at Red Rocks
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1504 12th St S

The Ashton

The LaSalle

University Place

Silver Oak

Breezeway

Glen Iris Place

The Irish

The Ritz

Townview
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1140 12th St S, Unit Unit B

Thomas Jefferson Towers

Fox Hall

Citizen Birmingham

Carriage Court

Southside Station

Flanagan Flats

1736 15th Ave S, Unit 3

Magnolia South Apartment Homes

Park Manor
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

Drake and Madrid

Southridge Apartments

The Cordelle

Highland Towers

Davis House

Stratford

The Fitzgerald in Five Points

The Hillside Apartments

Wilbur

Charleston Court
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Tivoli

Sutton House

Saint Charles

The Bellows

Hermosa

Glen Iris Arms

South Hill - Five Points

Manor Village

Oak Hill

The Bend
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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 | $1,335 | $625 | $2,208 |
| Five Points South 1 Bedroom Apartments | $1,522 | $595 | $4,169 |
| Five Points South 2 Bedroom Apartments | $2,033 | $957 | $10,000+ |
| Five Points South 3 Bedroom Apartments | $1,980 | $1,098 | $2,750 |
| Five Points South 4 Bedroom Apartments | $1,374 | $799 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 75 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Ridge Apartments | Studio | Studio,1BA | $625 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $740 |
| Magnolia Court | 1 Bedroom / 1 Bathroom Apartment, Ground Floor,... | 1BR,1BA | $766 |
| Terrace Apartments | 1 Bedroom 1 Bath - Ground Level | 1BR,1BA | $770 |
| The Hillside Apartments | 1 Bed / 1 Bath | 1BR,1BA | $775 |
| Tivoli | Units 1-4, 6-7, 11-13 1 BR / 1 BTH | 1BR,1BA | $782 |
| DMG Mountainside | Mtn One Bedroom | 1BR,1BA | $785 |
| Tower on Tenth | Five Points | Studio,1BA | $804 |
| The Dulion | Medium Studio | Studio,1BA | $810 |
| Manor Village | 1x1 [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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrace Court | 2x1 [5th Floor] | 2BR,1BA | $0.94 |
| Places at Red Rocks | 2 Bedroom | 2BR,1BA | $1.19 |
| The Cecil | 2 Bedroom / 1 Bathroom, Ground Floor | 2BR,1BA | $1.23 |
| The Irish | 2 Bedroom / 1.5 Bathroom Apartment | 2BR,1.5BA | $1.31 |
| DMG Mountainside | Mtn Two Bedroom Two Bath | 2BR,2BA | $1.11 |
| The Ivy | 2 Bedroom / 1 Bathroom Apartment, Ground Level | 2BR,1BA | $1.23 |
| Silverado | 2 Bedroom / 1 Bathroom Apartment | 2BR,1BA | $1.07 |
| Signal Hill | 1 Bedroom / 1 Bathroom Apartment, Top Level | 1BR,1BA | $1.19 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.99 |
| Manor Village | 1x1 [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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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 $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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
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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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.