
Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Homewood area of Birmingham.


1616 13th Pl S, Unit A

1100 Cotton Ave SW

641 Center Way SW

1502 16th Ave S

208 15th Ave SW
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228 15th Ave SW

40 20th Ave S

25 10th Ave SW

417 Skyview Dr

915 9th St SW

1746 Center St S
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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.

12 4th Ave S

2312 Center Pl S

1120 Beacon Pkwy E

856 Center Way SW

1849 3rd Pl SW

328 8th Ave S
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

1834 MONTCLAIR LANE C
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 | $1,814 | $995 | $5,000 |
| Homewood 3 Bedroom Homes for Rent | $2,117 | $975 | $4,700 |
| Homewood 4 Bedroom Homes for Rent | $2,670 | $1,850 | $4,300 |
Browse Homes for Rent in this Neighborhood
There are currently 19 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 University Ridge Apartments priced from $625. Valora at Homewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. 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 |
| Valora at Homewood | Quincy | 1BR,1BA | $699 |
| Terrace Apartments | Studio 1 Bath - Ground Level | Studio,1BA | $715 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $740 |
| Beacon Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $749 |
Best Value Apartments for Rent in Homewood, AL
As of March 13, 2026 the best value apartment in the Homewood area is the $0.90 price per square foot 3x2 Model at Highpointe Apartments in the in the Woodland Park neighborhood starting from $1,275. The second greatest value Homewood apartment is the Three Bedroom Two Bath Model at The Pearl at Homewood starting at $1,349 with a $1.11 price per square foot in the West End 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. |
|---|---|---|---|
| Highpointe Apartments | 3x2 | 3BR,2BA | $0.90 |
| The Pearl at Homewood | Three Bedroom Two Bath | 3BR,2BA | $1.11 |
| Places at Red Rocks | 2 Bedroom | 2BR,1BA | $1.19 |
| Shadesmont Apartments | 2 Bed / 2 Bath | 2BR,2BA | $0.98 |
| Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
| Valley Station Apartment Homes | 2x1A | 2BR,1BA | $1.09 |
| Beacon Pointe Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.06 |
| Silverado | 2 Bedroom / 1 Bathroom Apartment | 2BR,1BA | $1.09 |
| DMG Mountainside | Mtn One Bedroom | 1BR,1BA | $1.11 |
| Southridge Apartments | 1 Bedroom 1 Bath | 1BR,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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.
Pet Friendly LifestyleHomewood, Birmingham, AL
Ranked #11
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 232 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $18,156. There are also 87 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 $1,987.
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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.