Cheap Apartments for Rent in the Homewood Neighborhood of Birmingham, AL from $300 (134 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Homewood area of Birmingham.

property at 1504 12th St S

$700 - $1,100

1 To 2 Bedroom Rentals

Available Now

1504 12th St S

BirminghamAL35205

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Mountain Crest
Rent Specials
$974 - $1,079
Total Monthly Price

Total Monthly Price

Base Rent
$974 - $1,079
Total Monthly Price
$974 - $1,079
1 Bedroom Apartments Available Now

Mountain Crest

1633 13th Ave SBirmingham, AL 35205
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free

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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Merry Rowe
Rent Specials
$1,170 - $1,264
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $1,264
Total Monthly Price
$1,170 - $1,264
2 Bedroom Apartments Available Now

Merry Rowe

1629 14th Ave SBirmingham, AL 35205
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 2312 Center Pl S

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

2312 Center Pl S

BirminghamAL35205

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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Clayton Court
1 Bedroom Apartments

Clayton Court

705 1st St SBirmingham, AL 35205
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Renro Apartments
1 Bedroom Apartments

Renro Apartments

1013 Tuscaloosa Ave SWBirmingham, AL 35211
  • Utilities Included
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Drake and Madrid
Studio to 1 Bedroom Apartments

Drake and Madrid

1931 15th Ave SBirmingham, AL 35205
  • Utilities Included
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Park Manor
Studio to 1 Bedroom Apartments

Park Manor

1301 20th St SBirmingham, AL 35205

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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Homewood, Birmingham, AL Local Guide

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 Cordelle has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable Homewood apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
The CordelleStudio Apartment, Ground Level, CornerStudio,1BA$759
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775
TivoliUnits 8-10, 12-15 1 BR / 1 BTH1BR,1BA$792
Kisor FlatsC-D 1 BR / 1 BTH1BR,1BA$805
DMG MountainsideMtn One Bedroom1BR,1BA$825
The BendC-E 1 BR / 1 BTH1BR,1BA$836
Signal Hill1BR/1.0BA1BR,1BA$845
Aura on 14th1 Bedroom / 1 Bathroom Apartment1BR,1BA$848

Best Value Apartments for Rent in Homewood, AL

As of April 10, 2026 the best value apartment in the Homewood area is the $1.09 price per square foot 2 Bedroom 2 Bath 1192 Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,299. The second greatest value Homewood apartment is the 2x2 Model at Highpointe Apartments starting at $1,035 with a $0.94 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Branchwater2 Bedroom 2 Bath 11922BR,2BA$1.09
Highpointe Apartments2x22BR,2BA$0.94
Places at Red Rocks2 Bedroom2BR,1BA$1.19
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.07
Valley Station Apartment Homes2x1A2BR,1BA$1.11
The Cecil2 Bedroom / 1 Bathroom, Ground Floor2BR,1BA$1.17
DMG MountainsideMtn Two Bedroom Two Bath2BR,2BA$1.19
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$1.06
Park On Valley1x1 Classic (pva1)1BR,1BA$1.13

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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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 Lifestyle
Homewood, Birmingham, AL

Ranked #10

Among cities in Alabama for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $848.

What is the price of a cheap apartment in Homewood?

The cheapest apartment in Homewood is Terrace Apartments which is listed at $770, while the average apartment in Homewood costs $1,622.

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 240 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 $690 which is $932 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

decorative image for Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.