1625 Center Way S
BirminghamAL35205
Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Homewood area of Birmingham.
1731 Valley Ave
BirminghamAL35206
820 Beacon Pkwy E
BirminghamAL35209
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$8602 Bedroom Apartments Available Now
1100 Cotton Ave SW, Unit b
1100 Cotton Ave SWBirmingham, AL 35211
1508 Dennison Ave SW
BirminghamAL35211
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1502 16th Ave S
BirminghamAL35205
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$9502 Bedroom Apartments Available Now
2410 Arlington Crescent
2410 Arlington CrescentBirmingham, AL 35205
40 20th Ave S
BirminghamAL35205
840 Beacon Pkwy E
BirminghamAL35209
806 Gamma St S
BirminghamAL35205
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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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 | $1,555 | $890 | $2,850 |
| Homewood 3 Bedroom Homes for Rent | $2,022 | $1,195 | $2,995 |
| Homewood 4 Bedroom Homes for Rent | $2,356 | $1,795 | $2,895 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Birmingham, AL.
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Homewood, Birmingham, AL Local Guide
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Cheapest Available Homewood Apartments for Rent
The cheapest available apartment rental in the Homewood area of Birmingham, AL is a Studio unit found at McCormic 2 priced from $584. University Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Homewood apartments for rent in Birmingham, AL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McCormic 2 | Studio Apartment | Studio,1BA | $584 |
| University Ridge Apartments | Studio | Studio,1BA | $625 |
| Terrace Apartments | Studio 1 Bath - Ground Level | Studio,1BA | $715 |
Best Value Apartments for Rent in Homewood, AL
As of June 11, 2026 the best value apartment in the Homewood area is the $1.11 price per square foot Three Bedroom Two Bath Model at The Pearl at Homewood in the in the West End neighborhood starting from $1,349. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Pearl at Homewood | Three Bedroom Two Bath | 3BR,2BA | $1.11 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
| Valley Crest + Park | 2x1 Previous Full Reno (vcb1pf) | 2BR,1BA | $1.16 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| Valley Station | 1 x 1 B-R | 1BR,1BA | $1.11 |
| The Hillside | 2 Bed / 1 Bath | 2BR,1BA | $0.99 |
| High Pointe Apartments | 1 x 1 R | 1BR,1BA | $1.19 |
| Red Top Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1.19 |
| Places at Red Rocks | 1 Bedroom | 1BR,1BA | $1.13 |
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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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.
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Pet Friendly LifestyleHomewood, Birmingham, AL
Ranked #12
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 239 Apartments for Rent in Homewood, AL with pricing that ranges from $595 to $2,850. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $3,200.
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 $3,200 with an average monthly rent of $1,860.
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 $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,795 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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.