24 2nd Ave S
BirminghamAL35205
Cheap Apartments for Rent in the Homewood Neighborhood of Birmingham, AL from $300 (49 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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$648 - $1,769Studio to 2 Bedroom Apartments Available Now
The Park at Buckingham
114 Aspen CirBirmingham, AL 35209
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$715Studio to 1 Bedroom Apartments Available Jul 31
Terrace Apartments
2141 17th Ave SBirmingham, AL 35205
1124 Cullom St S
BirminghamAL35205
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$7391 Bedroom Apartments Available Aug 18
Element 26
1608-1620 14th Ave SBirmingham, AL 35205
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$740 - $8501 to 2 Bedroom Apartments Available Now
University Crossings
261 3rd Ave SW unit 100Birmingham, AL 35211
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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$746 - $812Studio to 1 Bedroom Apartments Available Now
Magnolia Court
1147 14th Ave SBirmingham, AL 35205
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$775 - $1,323Studio to 2 Bedroom Apartments Available Now
Adona Apartments
700 Aspen DrBirmingham, AL 35209
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$799 - $1,399Studio to 3 Bedroom Apartments Available Now
Mountainside Apartments
101 Penthouse DrBirmingham, AL 35205
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$800 - $9001 to 2 Bedroom Apartments Available Now
The Hillside Apartments
1521 17th StBirmingham, AL 35205
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$825 - $1,300Studio to 2 Bedroom Apartments Available Now
Silver Oak
1144 16th Ave SBirmingham, AL 35205
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$849 - $1,3991 to 3 Bedroom Apartments Available Now
Beacon Pointe Apartments
925 Beacon Pky EBirmingham, AL 35209
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$850 - $1,6001 to 3 Bedroom Apartments Available Now
Valley Station Apartment Homes
834 Golden Gate LnBirmingham, AL 35209
1504 12th St S
BirminghamAL35205
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$895 - $1,0951 to 2 Bedroom Apartments Available Now
The View on 18th
1320 18th Ave SBirmingham, AL 35205
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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.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Rent Specials
$722 - $1,4361 to 4 Bedroom Apartments Available Now
The Pearl at Homewood
218 Olympia DrHomewood, AL 35209
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$749 - $2,1221 to 3 Bedroom Apartments Available Now
Valora at Homewood
915 Valley Ridge DrHomewood, AL 35209
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$860 - $1,680Studio to 3 Bedroom Apartments Available Jan 8, 2026
The Jameson
1301 Lakeshore PlHomewood, AL 35209
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$900 - $1,3001 to 2 Bedroom Apartments Available Now
Shadesmont Apartments
19 W Lakeshore DrHomewood, AL 35209
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Showing Results 1-49, Page 1 of 1
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 | $1,078 | $625 | $2,052 |
| Homewood 1 Bedroom Apartments | $1,396 | $722 | $5,418 |
| Homewood 2 Bedroom Apartments | $1,688 | $595 | $4,178 |
| Homewood 3 Bedroom Apartments | $2,009 | $1,291 | $8,231 |
Browse Apartments in this Neighborhood
There are currently 49 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
- Nearby Birmingham neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
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 Park at Buckingham has the second lowest priced unit, which is a Studio apartment currently listed from $648. 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 Park at Buckingham | The Elm | Studio,1BA | $648 |
| The Pearl at Homewood | 1 Bedroom, 1 Bathroom | 1BR,1BA | $722 |
| University Crossings | Model A | 1BR,1BA | $740 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $740 |
| Magnolia Court | Studio Apartment | Studio,1BA | $746 |
| Adona Apartments | The Elm/Evergreen | Studio,1BA | $775 |
| The Cordelle | Studio Apartment, Top Level, Corner | Studio,1BA | $782 |
| Tivoli | Units 8-10, 12-15 1 BR / 1 BTH | 1BR,1BA | $795 |
| Mountainside Apartments | One Bedroom | 1BR,1BA | $799 |
Best Value Apartments for Rent in Homewood, AL
As of July 29, 2025 the best value apartment in the Homewood area is the $0.98 price per square foot 3x2 Model at Valley Station Apartment Homes in the in the Woodland Park neighborhood starting from $1,375. The second greatest value Homewood apartment is the 2 Bed / 2 Bath Model at Shadesmont Apartments starting at $1,050 with a $0.98 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. |
|---|---|---|---|
| Valley Station Apartment Homes | 3x2 | 3BR,2BA | $0.98 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.13 |
| Mountain Woods Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.11 |
| The View on 18th | 2BR / 1BA | 2BR,1BA | $1.05 |
| Park On Valley | 1x1 Previous Full Reno (pva1pf) | 1BR,1BA | $1.19 |
| Beacon Pointe Apartments | Welcome to Beacon Pointe - 1 Bed | 1 Bath | 1BR,1BA | $1.13 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.99 |
| Valora at Homewood | Lovell | 1BR,1BA | $1.15 |
| The Pearl at Homewood | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.18 |
Quick Rent Budget Calculator
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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!
Getting Around the Homewood Neighborhood in Birmingham, AL
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
5 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $799.
What is the price of a cheap apartment in Homewood?
The cheapest apartment in Homewood is The Pearl at Homewood which is listed at $722, while the average apartment in Homewood costs $1,635.
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 31 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 $284 which is $1,351 cheaper than the average rent for all rentals in Homewood.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.