Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (22 Rentals)

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

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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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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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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Showing Results 1-22, Page 1 of 1

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
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$749
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Back Building...1BR,1BA$750
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770

Best Value Apartments for Rent in Homewood, AL

As of January 19, 2026 the best value apartment in the Homewood area is the $1.16 price per square foot 3 Bedroom / 3 Bathroom Terrace Model at Stone Ridge Apartments in the in the Woodland Park neighborhood starting from $1,395. 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.
Stone Ridge Apartments3 Bedroom / 3 Bathroom Terrace3BR,3BA$1.16
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.07
DMG MountainsideMtn Two Bedroom Two Bath2BR,2BA$1.11
Valley Crest2x1 Classic (vcb1)2BR,1BA$1.10
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$1.06
The Pearl at HomewoodTwo Bedroom Two Bath2BR,2BA$1.18
Highpointe Apartments1x11BR,1BA$1.04
Silverado2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.07
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99

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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Quick 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.

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Pet Friendly Lifestyle
Homewood, Birmingham, AL

Ranked #8

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 236 Apartments for Rent in Homewood, AL with pricing that ranges from $500 to $3,400. There are also 81 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 $1,847.

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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.