Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (15 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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. Southridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here are the most affordable Homewood apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Ramsay ApartmentsStudio ApartmentStudio,1BA$769
Element 261x1 [1st Floor, Street Facing]1BR,1BA$772
Adona ApartmentsThe Elm/EvergreenStudio,1BA$775

Best Value Apartments for Rent in Homewood, AL

As of August 28, 2025 the best value apartment in the Homewood area is the $0.98 price per square foot 2 Bed / 2 Bath Model at Shadesmont Apartments in the in the Woodland Park neighborhood starting from $1,050. The second greatest value Homewood apartment is the 2 Bedroom 1 Bathroom Model at Hickory Knoll starting at $1,212 with a $1.13 price per square foot in the Southwest Birmingham 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.
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.13
Mountain Woods Apartments2 Beds, 2 Baths2BR,2BA$1.11
Homewood Heights Apartment Homes2 BR | 1 BA2BR,1BA$1.18
1412 11th St S, Unit #231412 11th St S2BR,1BA$1.09
Highpointe Apartments1x11BR,1BA$1.15
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$1.13
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$1.13
Ramsay ApartmentsStudio ApartmentStudio ,1BA$1.14

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Homewood, Birmingham, AL

Ranked #7

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

Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 234 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $6,593. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $4,750.

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 $4,750 with an average monthly rent of $2,395.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.