337 Iota Ave S
BirminghamAL35205
Cheap Apartments for Rent in the Homewood Neighborhood of Birmingham, AL from $300 (72 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homewood area of Birmingham.
341 Iota Ave S
BirminghamAL35205
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$625 - $1,585Studio to 2 Bedroom Apartments Available Now
University Ridge Apartments
1321 17th Ave SBirmingham, AL 35205
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$648 - $1,769Studio to 2 Bedroom Apartments Contact Us For Availability
The Park at Buckingham
114 Aspen CirBirmingham, AL 35209
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$714 - $9791 to 2 Bedroom Apartments Available Jan 4, 2026
Element 26
1608-1620 14th Ave SBirmingham, AL 35205
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$749 - $1,1991 to 3 Bedroom Apartments Available Now
Beacon Pointe Apartments
925 Beacon Pky EBirmingham, AL 35209
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$765 - $8651 Bedroom Apartments Available Now
The Bend
1325 13th Ave SBirmingham, AL 35205
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$770 - $1,130Studio to 1 Bedroom Apartments Available Now
Terrace Apartments
2141 17th Ave SBirmingham, AL 35205
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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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$7751 Bedroom Apartments Available Now
The Hillside Apartments
1521 17th StBirmingham, AL 35205
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$831 - $2,505Studio to 3 Bedroom Apartments Available Now
DMG Mountainside
101 Penthouse DrBirmingham, AL 35205
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$850 - $1,5001 to 2 Bedroom Apartments Available Now
Places at Red Rocks
1534 17th StBirmingham, AL 35205
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$875 - $1,6751 to 3 Bedroom Apartments Available Now
Valley Station Apartment Homes
834 Golden Gate LnBirmingham, AL 35209
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$875 - $1,2701 to 3 Bedroom Apartments Available Now
Highpointe Apartments
1229 Beacon Pky EBirmingham, AL 35209
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$895 - $3,243Studio to 3 Bedroom Apartments Available Now
The Avenues of Lakeshore
901 Wildwood CrossingBirmingham, AL 35211
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$900 - $1,2501 to 2 Bedroom Apartments Available Now
Park On Valley
741 Barcelona CtBirmingham, AL 35209
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Rent Specials
$900 - $1,300Studio to 2 Bedroom Apartments Available Now
Silver Oak
1144 16th Ave SBirmingham, AL 35205
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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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$933 - $1,2591 to 2 Bedroom Apartments Available Now
The Irish
1200 18th Ave SBirmingham, AL 35205
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$949 - $1,425Studio to 3 Bedroom Apartments Contact Us For Availability
513 at Valley
513 Valley AveBirmingham, AL 35209
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$950 - $1,3751 to 3 Bedroom Apartments Available Now
Mountain Woods Apartments
1000 Beacon Pky EBirmingham, AL 35209
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$975 - $1,575Studio to 3 Bedroom Apartments Contact Us For Availability
Woodmere Creek Apartments
779 Woodmere Creek DrBirmingham, AL 35226
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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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Studio to 2 Bedroom Apartments
The Park at Carlyle and Callington
200 Robert Jemison DrBirmingham, AL 35209
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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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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.
Homewood, Birmingham, AL Local Guide
How much does it cost to rent an apartment in Homewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homewood Studio Apartments | $982 | $625 | $1,970 |
| Homewood 1 Bedroom Apartments | $1,280 | $500 | $3,395 |
| Homewood 2 Bedroom Apartments | $1,573 | $945 | $3,850 |
| Homewood 3 Bedroom Apartments | $1,817 | $1,150 | $3,400 |
Browse Apartments in this Neighborhood
There are currently 72 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Birmingham, AL.
See all Apartments in BirminghamExplore Birmingham
Homewood, Birmingham, AL Local Guide
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Cheapest Available Homewood Apartments for Rent
The cheapest available apartment rental in the Homewood area of Birmingham, AL is a Studio unit found at University Ridge Apartments priced from $625. The Pearl at Homewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Homewood apartments for rent in Birmingham, AL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Ridge Apartments | Studio | Studio,1BA | $625 |
| The Pearl at Homewood | One Bedroom One Bath | 1BR,1BA | $715 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $740 |
| Beacon Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $749 |
| Magnolia Court | 1 Bedroom / 1 Bathroom Apartment, Ground Floor,... | 1BR,1BA | $763 |
| The Bend | C-E 1 BR / 1 BTH | 1BR,1BA | $765 |
| Terrace Apartments | 1 Bedroom 1 Bath - Ground Level | 1BR,1BA | $770 |
| The Hillside Apartments | 1 Bed / 1 Bath | 1BR,1BA | $775 |
| Wilbur | 1 Bedroom / 1 Bathroom Apartment, 8 | 1BR,1BA | $776 |
| Manor Village | 1x1 [1st Floor] | 1BR,1BA | $793 |
Best Value Apartments for Rent in Homewood, AL
As of December 31, 2025 the best value apartment in the Homewood area is the $1.16 price per square foot 3 Bedroom / 3 Bathroom Terrace Model at Stone Ridge Apartments in the in the Woodland Park neighborhood starting from $1,395. The second greatest value Homewood apartment is the 2 Bedroom 2 Bathroom Model at Hickory Knoll starting at $1,229 with a $1.03 price per square foot in the Southwest Birmingham neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stone Ridge Apartments | 3 Bedroom / 3 Bathroom Terrace | 3BR,3BA | $1.16 |
| Hickory Knoll | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.03 |
| 422 Skyview Dr, Unit K | 422 Skyview Dr | 2BR,1BA | $0.95 |
| Shadesmont Apartments | 1 Bed / 1 Bath | 1BR,1BA | $0.95 |
| Valley Crest | 1x1+Den Previous Full Reno (vca2pf) | 1BR,1BA | $1.13 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| Silverado | 2 Bedroom / 1 Bathroom Apartment | 2BR,1BA | $1.08 |
| Highpointe Apartments | 1x1 | 1BR,1BA | $1.04 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.99 |
| The Pearl at Homewood | One Bedroom One Bath | 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
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Pet Friendly LifestyleHomewood, Birmingham, AL
Ranked #11
Among cities in Alabama for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Homewood, Birmingham, AL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for South Central Birmingham. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, places to raise kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Homewood Apartments
What is a cheap apartment in Homewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homewood is under $793.
What is the price of a cheap apartment in Homewood?
The cheapest apartment in Homewood is The Pearl at Homewood which is listed at $715, while the average apartment in Homewood costs $1,709.
What types of apartments are the cheapest in Homewood?
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 333 regular apartments in Homewood 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 Homewood?
Cheap apartments in Homewood have an average cost of $820 which is $889 cheaper than the average rent for all rentals in Homewood.
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.