908 9th St SW
BirminghamAL35211
Cheap Apartments for Rent in the Homewood Neighborhood of Birmingham, AL from $300 (126 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homewood area of Birmingham.
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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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$715 - $1,130Studio to 1 Bedroom Apartments Available Now
Terrace Apartments
2141 17th 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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$7501 Bedroom Apartments Available Now
614 1st St S
614 1st St SBirmingham, AL 35205
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$758 - $1,1871 to 2 Bedroom Apartments Available Now
Element 26
1608-1620 14th Ave SBirmingham, AL 35205
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$775 - $950Studio to 1 Bedroom Apartments Available Now
Park On Valley
741 Barcelona CtBirmingham, AL 35209
1419 14th St S
BirminghamAL35205
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$8191 Bedroom Apartments Available Now
Southwood Gardens
1324 14th Ave SBirmingham, AL 35205
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$823 - $3,419Studio to 3 Bedroom Apartments Available Now
DMG Mountainside
101 Penthouse DrBirmingham, 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.
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Rent Specials
$850 - $1,5001 to 2 Bedroom Apartments Available Now
Places at Red Rocks
1534 17th StBirmingham, AL 35205
1504 12th St S
BirminghamAL35205
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$8602 Bedroom Apartments Available Now
1100 Cotton Ave SW, Unit b
1100 Cotton Ave SWBirmingham, AL 35211
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$889 - $4,637Studio to 3 Bedroom Apartments Available Now
The Avenues of Lakeshore
901 Wildwood CrossingBirmingham, AL 35211
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$900 - $1,300Studio to 2 Bedroom Apartments Available Now
Silver Oak
1144 16th Ave SBirmingham, AL 35205
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$900 - $1,3251 to 3 Bedroom Apartments Available Now
Valley Station
834 Golden Gate LnBirmingham, AL 35209
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$917 - $1,085
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$917 - $1,085
Total Monthly Price
$917 - $1,085
Fox Hall
1613 13th Ave SBirmingham, AL 35205
1410 17th Ave S
BirminghamAL35205
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$936 - $1,2101 to 2 Bedroom Apartments Available Now
The Lennox
1416 13th St SBirmingham, AL 35205
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$942 - $1,0331 Bedroom Apartments Available Now
The Irish
1200 18th Ave SBirmingham, AL 35205
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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Rent Specials
$945 - $1,3201 to 2 Bedroom Apartments Available Now
2700 at Homewood
2700 Temple Crest DrBirmingham, AL 35209
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Rent Specials
$949 - $1,425Studio to 3 Bedroom Apartments Available Now
513 at Valley
513 Valley AveBirmingham, AL 35209
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$950 - $1,1501 to 2 Bedroom Apartments Available Now
Lotus Homewood
825 Oak Leaf CirBirmingham, AL 35209
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$9502 Bedroom Apartments Available Jun 1
2410 Arlington Crescent
2410 Arlington CrescentBirmingham, AL 35205
401 Skyview Dr
BirminghamAL35209
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Rent Specials
$975 - $1,0751 to 2 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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$982 - $1,130
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$982 - $1,130
Total Monthly Price
$982 - $1,130
Carolisa
1502-1512 14th Ave SBirmingham, AL 35205
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$984 - $1,1151 to 2 Bedroom Apartments Available Now
Townview
1517 16th Ave SBirmingham, AL 35205
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$1,000 - $1,2251 to 3 Bedroom Apartments Available Now
High Pointe
1229 Beacon Pky EBirmingham, AL 35209
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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$1,054 - $1,2582 Bedroom Apartments Available Now
Sussex
1169 14th Ave SBirmingham, AL 35205
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$1,066 - $1,215
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$1,066 - $1,215
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$1,066 - $1,215
Towncrest Apartments
1501 16th Ave SBirmingham, AL 35205
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$1,0952 Bedroom Apartments Available Now
Warwick Manor
1703 Richard Arrington Junior Blvd SBirmingham, AL 35205
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Rent Specials
$1,144 - $1,298
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,144 - $1,298
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$1,144 - $1,298
Merry Rowe
1629 14th Ave SBirmingham, AL 35205
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$1,149 - $2,3991 to 3 Bedroom Apartments Available Now
The Ellys
1101 10th Plz SBirmingham, AL 35205
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1 Bedroom Apartments
Clayton Court
705 1st St SBirmingham, AL 35205
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1 Bedroom Apartments
Renro Apartments
1013 Tuscaloosa Ave SWBirmingham, AL 35211
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2 Bedroom Apartments
Center Court Apartments
109 5th Ave SWBirmingham, AL 35211
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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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Studio to 1 Bedroom Apartments
Laurelton Oaks
1427 18th St SBirmingham, AL 35205
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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Studio to 3 Bedroom Apartments
The Park at Buckingham
114 Aspen CirBirmingham, AL 35209
1625 Center Way S
BirminghamAL35205
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Studio to 1 Bedroom Apartments
Drake and Madrid
1931 15th Ave SBirmingham, AL 35205
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Studio to 1 Bedroom Apartments
Park Manor
1301 20th St SBirmingham, AL 35205
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Studio to 1 Bedroom Apartments
The Cordelle
1415 13th St SBirmingham, AL 35205
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1 to 2 Bedroom Apartments
University Crossings
261 3rd Ave SW unit 100Birmingham, AL 35211
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1 Bedroom Apartments
The Bend
1325 13th Ave SBirmingham, AL 35205
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Studio to 2 Bedroom Apartments
Magnolia Court
1147 14th Ave SBirmingham, AL 35205
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1 to 2 Bedroom Apartments
The Hillside Apartments
1521 17th StBirmingham, AL 35205
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1 Bedroom Apartments
Wilbur
1605 12th St SBirmingham, AL 35205
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
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 | $971 | $625 | $2,099 |
| Homewood 1 Bedroom Apartments | $1,130 | $749 | $2,214 |
| Homewood 2 Bedroom Apartments | $1,457 | $595 | $4,095 |
| Homewood 3 Bedroom Apartments | $1,792 | $1,185 | $2,850 |
| Homewood 4 Bedroom Apartments | $2,789 | $2,789 | $2,789 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 126 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Birmingham, AL.
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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. Terrace Apartments has the second lowest priced unit, which is a Studio 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 |
| Terrace Apartments | Studio 1 Bath - Ground Level | Studio,1BA | $715 |
| Valora at Homewood | Quincy | 1BR,1BA | $749 |
| 614 1st St S | 1BR/1BA | 1BR,1BA | $750 |
| Element 26 | 1x1 [1st Floor, Street Facing] | 1BR,1BA | $758 |
| The Hillside Apartments | 1 Bed / 1 Bath | 1BR,1BA | $775 |
| Park On Valley | Studio Full Reno (pvspf) | Studio,1BA | $775 |
| The Bellows | 5-6 1 BR / 1 BTH | 1BR,1BA | $783 |
| Sutton House | 1 - 1 BR / 1 BTH | 1BR,1BA | $804 |
| Southwood Gardens | 1 bedroom | 1BR,1BA | $819 |
Best Value Apartments for Rent in Homewood, AL
As of May 31, 2026 the best value apartment in the Homewood area is the $1.06 price per square foot 2 x 2 Prem Model at Valley Station in the in the Woodland Park neighborhood starting from $1,275. The second greatest value Homewood apartment is the The Grand - RENOVATED Model at The Avenues of Lakeshore starting at $1,189 with a $1.07 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. |
|---|---|---|---|
| Valley Station | 2 x 2 Prem | 2BR,2BA | $1.06 |
| The Avenues of Lakeshore | The Grand - RENOVATED | 2BR,2BA | $1.07 |
| High Pointe | 2 x 2 R | 2BR,2BA | $0.97 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
| DMG Mountainside | Mtn Two Bedroom Two Bath | 2BR,2BA | $1.19 |
| Valley Crest | 2x1 Previous Full Reno (vcb1pf) | 2BR,1BA | $1.16 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| Places at Red Rocks | 1 Bedroom | 1BR,1BA | $1.13 |
| Red Top Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1.19 |
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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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 $819.
What is the price of a cheap apartment in Homewood?
The cheapest apartment in Homewood is Valora at Homewood which is listed at $749, while the average apartment in Homewood costs $2,789.
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 179 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 $1,064 which is $1,725 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.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.
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.