Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $600 (150 Rentals)

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

property at 1504 12th St S

$700 - $1,100

1 To 2 Bedroom Rentals

Available Now

1504 12th St S

BirminghamAL35205

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.

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Fox Hall
$935 - $1,257
Total Monthly Price

Total Monthly Price

Base Rent
$935 - $1,257
Total Monthly Price
$935 - $1,257
1 to 2 Bedroom Apartments Available Now

Fox Hall

1613 13th Ave SBirmingham, AL 35205
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Melrose Place
$1,013 - $1,103
Total Monthly Price

Total Monthly Price

Base Rent
$1,013 - $1,103
Total Monthly Price
$1,013 - $1,103
1 Bedroom Apartments Available Jun 20

Melrose Place

1501 15th Ave SBirmingham, AL 35205
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University Place
Rent Specials
$1,065 - $2,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,065 - $2,050
Total Monthly Price
$1,065 - $2,050
Studio to 2 Bedroom Apartments Available Now

University Place

951 18th St SBirmingham, AL 35205
Student Housing
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  • Utilities Included

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.

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Merry Rowe
$1,121 - $1,243
Total Monthly Price

Total Monthly Price

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$1,121 - $1,243
Total Monthly Price
$1,121 - $1,243
2 Bedroom Apartments Available Now

Merry Rowe

1629 14th Ave SBirmingham, AL 35205
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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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Parkside Place
$1,257 - $1,401
Total Monthly Price

Total Monthly Price

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$1,257 - $1,401
Total Monthly Price
$1,257 - $1,401
2 Bedroom Apartments Available Now

Parkside Place

1413 11th Pl SBirmingham, AL 35205
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property at 1431 15th Ave S

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

1431 15th Ave S

BirminghamAL35205
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Cortland Vesta
Rent Specials
$1,391 - $8,154
Total Monthly Price

Total Monthly Price

Base Rent
$1,391 - $8,154
Total Monthly Price
$1,391 - $8,154
1 to 2 Bedroom Apartments Available Now

Cortland Vesta

2173 Highland Ave SBirmingham, AL 35205
Student Housing
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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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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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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. Terrace Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here are the most affordable Five Points South apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
Tower on TenthFive PointsStudio,1BA$735
The CordelleStudio Apartment, Ground Level, CornerStudio,1BA$737
Element 261x1 [1st Floor, Street Facing]1BR,1BA$768
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775
Stratford1 Bedroom / 1 Bathroom Apartment, Second Level1BR,1BA$783
Kisor FlatsC-D 1 BR / 1 BTH1BR,1BA$785
The Bellows5-6 1 BR / 1 BTH1BR,1BA$786
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Back Building...1BR,1BA$787

Best Value Apartments for Rent in Five Points South, AL

As of May 07, 2026 the best value apartment in the Five Points South area is the $1.06 price per square foot 1425 13th St S Model at 1425 13th St S, Unit A in the in the Woodland Park neighborhood starting from $1,450. The second greatest value Five Points South apartment is the 1x1 [2nd Floor] Model at Terrace Court starting at $1,048 with a $1.09 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.
1425 13th St S, Unit A1425 13th St S2BR,1BA$1.06
Terrace Court1x1 [2nd Floor]1BR,1BA$1.09
DMG MountainsideMtn Two Bedroom Two Bath2BR,2BA$1.20
The Marshall on 5th2BR/2BA - B22BR,2BA$1.09
McCormic II Apartments2.5 Bedroom / 1 Bathroom Apartment2BR,1BA$1.22
South Hill - Five Points2 Bedroom / 1.5 Bathroom Apartment, Top Floor, ...1BR,1.5BA$1.17
Laurelton Oaks1.5 Bedroom / 1 Bathroom Apartment, Utilities B...1BR,1BA$1.20
The Richmond1.5 Bedroom / 2 Bathroom Apartment, B1BR,2BA$0.99
Places at Red Rocks1 Bedroom1BR,1BA$1.13
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Back Building...1BR,1BA$1.17

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 the Cheapest Studio apartment in Five Points South?

Currently the most affordable Cheap Studio Apartment in Five Points South is at University Ridge Apartments listed at $625.

How much is rent for a Cheap One Bedroom Five Points South Apartment?

The lowest price for a Cheap One Bedroom Five Points South Apartment is $768 at Element 26.

What is the lowest price for a Cheap Two Bedroom Five Points South Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Five Points South is starting from $999 at Piedmont Terrace.

What is the most affordable Five Points South Three Bedroom Apartment?

The best deal on a cheap Five Points South Three Bedroom Apartment rental is at Steelhaven Birmingham and starts from $1,800.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.