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$625 - $1,585Studio to 2 Bedroom Apartments Available Now
University Ridge Apartments
1321 17th Ave SBirmingham, AL 35205
Cheap Apartments for Rent in the Homewood Neighborhood of Birmingham, AL from $325 (150 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homewood area of Birmingham.
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$700 - $1,164Studio to 2 Bedroom Apartments Available Now
Silver Oak
1144 16th Ave SBirmingham, AL 35205
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$7002 Bedroom Apartments Available Now
25 3rd Ave S, Unit A
25 3rd 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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$751 - $1,189Studio to 2 Bedroom Apartments Available Now
Element 26
1608-1620 14th Ave SBirmingham, AL 35205
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$760 - $2,723Studio to 3 Bedroom Apartments Available Now
DMG Mountainside
101 Penthouse DrBirmingham, AL 35205
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$770Studio to 1 Bedroom Apartments Available Now
Terrace Apartments
2141 17th Ave SBirmingham, AL 35205
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$780 - $1,400Studio to 3 Bedroom Apartments Available Now
513 at Valley
513 Valley AveBirmingham, AL 35209
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$7952 Bedroom Apartments Available Now
1100 Cotton Ave SW, Unit b
1100 Cotton Ave SWBirmingham, AL 35211
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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$7991 Bedroom Apartments Available Sep 24
Southwood Gardens
1324 14th Ave SBirmingham, AL 35205
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$808 - $9561 Bedroom Apartments Available Now
Manor Village
1855 16th AveBirmingham, AL 35205
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$927 - $1,097Studio to 1 Bedroom Apartments Available Now
Ramsay Apartments
1761 13th Ave SBirmingham, AL 35205
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$830 - $1,3201 to 2 Bedroom Apartments Available Now
2700 at Homewood
2700 Temple Crest DrBirmingham, AL 35209
1707 1st St S
BirminghamAL35205
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$880 - $1,0741 to 2 Bedroom Apartments Available Now
Places at Red Rocks
1534 17th StBirmingham, AL 35205
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$884 - $1,1151 to 2 Bedroom Apartments Available Now
Townview
1517 16th Ave SBirmingham, AL 35205
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$900 - $1,000
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$900 - $1,000
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$900 - $1,000
Lotus Homewood
825 Oak Leaf CirBirmingham, AL 35209
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$900
Total Monthly Price
1 Bedroom Apartment Available Sep 1Total Monthly Price
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$900
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$900
832 Beacon Pky E, Unit D
832 Beacon Pky EBirmingham, AL 35209
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$930 - $1,3301 to 3 Bedroom Apartments Available Sep 2
Valley Station
834 Golden Gate LnBirmingham, AL 35209
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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$950 - $1,2001 to 2 Bedroom Apartments Available Now
Park On Valley
741 Barcelona CtBirmingham, AL 35209
1416 14th St S
BirminghamAL35205
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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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$985 - $1,384
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$985 - $1,384
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$985 - $1,384
Fox Hall
1613 13th Ave SBirmingham, AL 35205
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$996 - $1,5931 to 2 Bedroom Apartments Available Now
The Irish
1200 18th Ave SBirmingham, AL 35205
828 Beacon Pky E, Unit A
828 Beacon Pky E
BirminghamAL35209
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$1,009 - $2,841Studio to 3 Bedroom Apartments Available Now
The Avenues of Lakeshore
901 Wildwood CrossingBirmingham, AL 35211
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$1,013 - $1,243
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$1,013 - $1,243
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$1,013 - $1,243
Towncrest Apartments
1501 16th Ave SBirmingham, AL 35205
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$1,025 - $1,2501 to 3 Bedroom Apartments Available Sep 14
High Pointe
1229 Beacon Pky EBirmingham, AL 35209
422 Skyview Dr
BirminghamAL35209
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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$1,066 - $1,2262 Bedroom Apartments Available Now
Glen Iris Arms
1620 11th Pl SBirmingham, AL 35205
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$1,0752 Bedroom Apartments Available Now
Mountain Woods Apartments
1000 Beacon Pky EBirmingham, AL 35209
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$1,0952 Bedroom Apartments Available Now
Warwick Manor
1703 Richard Arrington Junior Blvd SBirmingham, AL 35205
1732 11th Pl S
BirminghamAL35205
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$1,145 - $1,512
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$1,145 - $1,512
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$1,145 - $1,512
Piedmont Terrace
1331-1355 14th Ave SBirmingham, AL 35205
1504 21st Way S
BirminghamAL35205
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$1,183 - $1,3492 Bedroom Apartments Available Now
Flats on 15th
1322 15th Ave SBirmingham, AL 35205
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$1,240 - $1,7751 to 3 Bedroom Apartments Available Now
The Oaks at Lakeshore
1200 Oaks DrBirmingham, AL 35209
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$1,317 - $1,538
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,317 - $1,538
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$1,317 - $1,538
Parkside Place
1413 11th Pl SBirmingham, AL 35205
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$1,349 - $2,7231 to 3 Bedroom Apartments Available Now
WildForest Apartments
1000 Wildforest DrBirmingham, AL 35209
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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$1,379 - $2,3991 to 3 Bedroom Apartments Available Oct 14
The Ellys
1101 10th Plz SBirmingham, AL 35205
1755 15th Ave S
BirminghamAL35205
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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 2 Bedroom Apartments
McCormic II Apartments
1327 16th St SBirmingham, AL 35205
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Studio to 3 Bedroom Apartments
The Park at Buckingham
114 Aspen CirBirmingham, AL 35209
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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
Drake and Madrid
1931 15th Ave 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.
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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 | $1,029 | $625 | $2,099 |
| Homewood 1 Bedroom Apartments | $1,167 | $720 | $2,240 |
| Homewood 2 Bedroom Apartments | $1,501 | $700 | $3,950 |
| Homewood 3 Bedroom Apartments | $1,843 | $1,179 | $2,900 |
| 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 150 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. PARK MANOR has the second lowest priced unit, which is a Studio apartment currently listed from $699. 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 |
| PARK MANOR | 0BR/1.0BA | Studio,1BA | $699 |
| The Pearl at Homewood | One Bedroom One Bath | 1BR,1BA | $720 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $749 |
| 614 1st St S | 1BR/1BA | 1BR,1BA | $750 |
| Element 26 | Studio [1st Floor, Parking Lot Facing] | Studio,1BA | $751 |
| DMG Mountainside | Mtn One Bedroom | 1BR,1BA | $760 |
| Terrace Apartments | 1 Bedroom 1 Bath - Ground Level | 1BR,1BA | $770 |
| The Hillside Apartments | 1 Bed / 1 Bath | 1BR,1BA | $775 |
| 513 at Valley | Studio | Studio,1BA | $780 |
Best Value Apartments for Rent in Homewood, AL
As of August 29, 2026 the best value apartment in the Homewood area is the $0.93 price per square foot 3 Bedroom 2 Bath Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,573. The second greatest value Homewood apartment is the 3BD 1 BATH Model at 621 19th Ct S starting at $1,500 with a $1.07 price per square foot in the Woodland Park 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. |
|---|---|---|---|
| Branchwater | 3 Bedroom 2 Bath | 3BR,2BA | $0.93 |
| 621 19th Ct S | 3BD 1 BATH | 3BR,1BA | $1.07 |
| Laurelton Oaks | 2 Bedroom / 1 Bathroom Apartment, Ground Level,... | 2BR,1BA | $1.12 |
| Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
| Places at Red Rocks | 1 Bedroom | 1BR,1BA | $0.86 |
| Mountain Woods Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.13 |
| DMG Mountainside | Mtn Two Bedroom One Bath | 2BR,1BA | $1.11 |
| Lotus Homewood | 825 Oak Leaf Cir | 2BR,1BA | $1.11 |
| Beacon Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.00 |
| PARK MANOR | 0BR/1.0BA | Studio ,1BA | $1.10 |
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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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 #8
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 $780.
What is the price of a cheap apartment in Homewood?
The cheapest apartment in Homewood is The Pearl at Homewood which is listed at $720, while the average apartment in Homewood costs $1,315.
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 131 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 $1,078 which is $237 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.
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.