Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (20 Rentals)

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

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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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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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. Valora at Homewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here are the most affordable Homewood apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Valora at HomewoodQuincy1BR,1BA$649
Adona ApartmentsThe Elm/EvergreenStudio,1BA$675
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
The CordelleStudio Apartment, Ground LevelStudio,1BA$763

Best Value Apartments for Rent in Homewood, AL

As of October 14, 2025 the best value apartment in the Homewood area is the $1.14 price per square foot 3 Bedroom 2 Bedroom Model at Hickory Knoll in the in the Southwest Birmingham neighborhood starting from $1,540. The second greatest value Homewood apartment is the 3 Bedroom / 3 Bathroom Terrace Model at Stone Ridge Apartments starting at $1,395 with a $1.16 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.
Hickory Knoll3 Bedroom 2 Bedroom3BR,2BA$1.14
Stone Ridge Apartments3 Bedroom / 3 Bathroom Terrace3BR,3BA$1.16
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Homewood Heights Apartment Homes2 BR | 1 BA2BR,1BA$1.15
McCormic II Apartments2.5 Bedroom / 1 Bathroom Apartment2BR,1BA$1.19
1412 11th St S, Unit #231412 11th St S2BR,1BA$1.09
Highpointe Apartments1x11BR,1BA$1.12
Park On Valley1x1 Previous Full Reno (pva1pf)1BR,1BA$1.19
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
Valora at HomewoodLovell1BR,1BA$1.15

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Pet Friendly Lifestyle
Homewood, Birmingham, AL

Ranked #15

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 $3,300. There are also 74 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 $2,113.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.