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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 $300 (130 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homewood area of Birmingham.
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$725 - $1,144Studio to 2 Bedroom Apartments Available Now
Silver Oak
1144 16th Ave SBirmingham, AL 35205
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$740 - $1,200Studio to 2 Bedroom Apartments Available Now
Park On Valley
741 Barcelona CtBirmingham, AL 35209
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$745 - $1,1471 to 2 Bedroom Apartments Available Now
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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$7501 Bedroom Apartments Available Now
614 1st St S
614 1st St SBirmingham, AL 35205
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$760 - $1,086
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$760 - $1,086
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$760 - $1,086
Magnolia Court
1147 14th Ave SBirmingham, AL 35205
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$769 - $914Studio Apartments Available Now
Flats on 15th
1322 15th 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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$815 - $3,259Studio 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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$830 - $1,3201 to 2 Bedroom Apartments Available Now
2700 at Homewood
2700 Temple Crest DrBirmingham, AL 35209
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$850 - $950
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$850 - $950
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$850 - $950
Lotus Homewood
825 Oak Leaf CirBirmingham, AL 35209
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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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$8753 Bedroom Apartments Available Now
2410 Arlington Crescent
2410 Arlington CrescentBirmingham, AL 35205
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$899 - $2,821Studio to 3 Bedroom Apartments Available Now
The Avenues of Lakeshore
901 Wildwood CrossingBirmingham, AL 35211
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$905 - $1,1991 to 2 Bedroom Apartments Available Now
Places at Red Rocks
1534 17th StBirmingham, AL 35205
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$917 - $1,056
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$917 - $1,056
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$917 - $1,056
The Ritz
1752 13th Ct SBirmingham, AL 35205
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$935Studio to 1 Bedroom Apartments Available Jul 31
Terrace Apartments
2141 17th Ave SBirmingham, AL 35205
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$962 - $1,1161 Bedroom Apartments Contact Us For Availability
The Irish
1200 18th Ave SBirmingham, AL 35205
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$975 - $1,129
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$975 - $1,129
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$975 - $1,129
Mesa Verde
731 16th 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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$975 - $1,0751 to 2 Bedroom Apartments Available Now
Mountain Woods Apartments
1000 Beacon Pky EBirmingham, AL 35209
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$975 - $1,2001 to 3 Bedroom Apartments Available Now
High Pointe
1229 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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$984 - $1,1151 to 2 Bedroom Apartments Available Now
Townview
1517 16th Ave SBirmingham, AL 35205
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$1,000 - $1,3001 to 3 Bedroom Apartments Available Now
Valley Station
834 Golden Gate LnBirmingham, AL 35209
1741 15th Ave S
BirminghamAL35205
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$1,0952 Bedroom Apartments Available Now
Warwick Manor
1703 Richard Arrington Junior Blvd SBirmingham, AL 35205
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$1,137 - $1,297
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$1,137 - $1,297
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$1,137 - $1,297
Merry Rowe
1629 14th 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 Bedroom Apartments
Clayton Court
705 1st St SBirmingham, AL 35205
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 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
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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1 to 2 Bedroom Apartments
The Bellows
1438 18th St SBirmingham, AL 35205
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1 Bedroom Apartments
Southridge Apartments
2133 16th Ave SBirmingham, AL 35205
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1 to 2 Bedroom Apartments
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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1 Bedroom Apartments
The Bend
1325 13th Ave SBirmingham, AL 35205
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Studio to 2 Bedroom Apartments
The Delacroix
1171 16th Ave SBirmingham, AL 35205
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1 Bedroom Apartments
Wilbur
1605 12th St 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
Kisor Flats
1426 18th St SBirmingham, AL 35205
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Studio to 1 Bedroom Apartments
Tivoli
1141 14th St SBirmingham, AL 35205
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Studio to 2 Bedroom Apartments
Silverado
1340 14th Ave SBirmingham, AL 35205
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1 to 2 Bedroom Apartments
Manor Village
1855 16th AveBirmingham, AL 35205
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1 Bedroom Apartments
Sutton House
1416 14th St SBirmingham, AL 35205
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Studio to 1 Bedroom Apartments
The Cordelle
1415 13th St SBirmingham, AL 35205
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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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 | $931 | $625 | $2,017 |
| Homewood 1 Bedroom Apartments | $1,141 | $720 | $2,240 |
| Homewood 2 Bedroom Apartments | $1,497 | $860 | $3,950 |
| Homewood 3 Bedroom Apartments | $1,792 | $875 | $2,865 |
| 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 130 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 On Valley has the second lowest priced unit, which is a Studio apartment currently listed from $740. 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 On Valley | Studio Classic (pvs) | Studio,1BA | $740 |
| Element 26 | 1x1 [1st Floor, Street Facing] | 1BR,1BA | $745 |
| Beacon Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $749 |
| 614 1st St S | 1BR/1BA | 1BR,1BA | $750 |
| The Delacroix | 0 Beds, 1 Baths | Studio,1BA | $750 |
| Magnolia Court | Studio Apartment | Studio,1BA | $760 |
| Wilbur | 1 Bedroom / 1 Bathroom Apartment, Ground Level | 1BR,1BA | $762 |
| 513 at Valley | Studio | Studio,1BA | $780 |
| Tivoli | Units 1-4, 6-7, 11-13 1 BR / 1 BTH | 1BR,1BA | $782 |
Best Value Apartments for Rent in Homewood, AL
As of July 15, 2026 the best value apartment in the Homewood area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,619. The second greatest value Homewood apartment is the 2 Bedroom Model at Places at Red Rocks starting at $1,099 with a $1.00 price per square foot in the Smithfield 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 | $0.95 |
| Places at Red Rocks | 2 Bedroom | 2BR,1BA | $1.00 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| Valley Station | 2 x 1 A Prem | 2BR,1BA | $1.12 |
| DMG Mountainside | Mtn Two Bedroom Two Bath | 2BR,2BA | $1.19 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| High Pointe | 1 x 1 R | 1BR,1BA | $1.16 |
| Red Top Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1.19 |
| The Pearl at Homewood | One Bedroom One Bath Large | 1BR,1BA | $1.20 |
| Lotus Homewood | 825 Oak Leaf Cir | 1BR,1BA | $1.15 |
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 #13
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 $782.
What is the price of a cheap apartment in Homewood?
The cheapest apartment in Homewood is Element 26 which is listed at $745, 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 155 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 $1,043 which is $1,746 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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.