close
View Me
$8602 Bedroom Apartments Available Now
1100 Cotton Ave SW, Unit b
1100 Cotton Ave SWBirmingham, AL 35211
Cheap Homes for Rent in the Homewood Neighborhood of Birmingham, AL from $800 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Homewood area of Birmingham.
1508 Dennison Ave SW
BirminghamAL35211
1502 16th Ave S
BirminghamAL35205
1820 3rd Pl SW
BirminghamAL35211
2013 Center Way S
BirminghamAL35205
208 15th Ave SW
BirminghamAL35211
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
207 16th Ave S
BirminghamAL35205
506 Alpha St S
BirminghamAL35205
806 Gamma St S
BirminghamAL35205
1740 Valley Ave
HomewoodAL35209
1711 Valley Ave
HomewoodAL35209
838 Beacon Pkwy W
BirminghamAL35209
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-12, Page 1 of 1
Homewood, Birmingham, AL Local Guide
How much does it cost to rent a home in Homewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homewood 2 Bedroom Homes for Rent | $1,600 | $890 | $2,900 |
| Homewood 3 Bedroom Homes for Rent | $1,588 | $950 | $2,800 |
| Homewood 4 Bedroom Homes for Rent | $2,323 | $1,750 | $2,800 |
| Homewood 6 Bedroom Homes for Rent | $4,900 | $4,900 | $4,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Birmingham, AL.
Explore Birmingham
Homewood, Birmingham, AL Local Guide
- Nearby Birmingham neighborhoods
- Nearby Cities
- ZIP codes
- 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. 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 |
| Beacon Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $749 |
| 614 1st St S | 1BR/1BA | 1BR,1BA | $750 |
| Magnolia Court | Studio Apartment | Studio,1BA | $770 |
Best Value Apartments for Rent in Homewood, AL
As of July 26, 2026 the best value apartment in the Homewood area is the $0.92 price per square foot 3 Bedroom 2 Bath Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,559. The second greatest value Homewood apartment is the 3 Bedroom 2 Bedroom Model at Hickory Knoll starting at $1,299 with a $0.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Branchwater | 3 Bedroom 2 Bath | 3BR,2BA | $0.92 |
| Hickory Knoll | 3 Bedroom 2 Bedroom | 3BR,2BA | $0.96 |
| Places at Red Rocks | 2 Bedroom | 2BR,1BA | $1.00 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| The Jameson | B3R | 2BR,2BA | $1.08 |
| Valley Station | 2 x 1 A Prem | 2BR,1BA | $1.12 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| DMG Mountainside | Mtn Two Bedroom One Bath | 2BR,1BA | $1.11 |
| The Pearl at Homewood | One Bedroom One Bath Large | 1BR,1BA | $1.16 |
| 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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
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.
Let everyone know!
Do you know the Homewood area?
If you’re an expert on all things Homewood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleHomewood, Birmingham, AL
Ranked #15
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
Frequently Asked Questions about Homewood
What type of rentals are currently available in Homewood?
There are currently 240 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $3,950. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $890 to $4,900.
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 $890 to $4,900 with an average monthly rent of $2,416.
How much are larger Three and Four Bedroom Rentals in Homewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $1,185 to $2,865, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $2,789.
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.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.