Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (21 Rentals)

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

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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property at 1529 1st Ave SW

1529 1st Ave SW

BirminghamAL35205

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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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 The Park at Buckingham priced from $648. The Pearl at Homewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Homewood apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
The Park at BuckinghamThe ElmStudio,1BA$648
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$715
University CrossingsModel A1BR,1BA$740
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Adona ApartmentsThe Elm/EvergreenStudio,1BA$775

Best Value Apartments for Rent in Homewood, AL

As of June 19, 2025 the best value apartment in the Homewood area is the $1.09 price per square foot B4R Model at The Jameson in the in the Southwest Birmingham neighborhood starting from $1,250. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The JamesonB4R2BR,2BA$1.09
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.13
Valley Crest1x1+Den Previous Full Reno (vca2pf)1BR,1BA$1.13
The View on 18th2BR / 1BA2BR,1BA$1.05
Park On Valley1x1 Previous Full Reno (pva1pf)1BR,1BA$1.16
Beacon Pointe ApartmentsWelcome to Beacon Pointe - 1 Bed | 1 Bath1BR,1BA$1.13
Red Top Apartments1 Bedroom, 1 Bath1BR,1BA$1.19
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
Valora at HomewoodLogan1BR,1BA$1.10

Quick Rent Budget Calculator

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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 244 Apartments for Rent in Homewood, AL with pricing that ranges from $648 to $6,267. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $5,000.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $5,000 with an average monthly rent of $1,812.

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.

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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.

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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.

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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.

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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.