Cheap Apartments for Rent in the Lake Purdy Neighborhood of Birmingham, AL from $700 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Purdy area of Birmingham.

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.

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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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Siegel Select Birmingham
Rent Specials
$1,343 - $1,716
Total Monthly Price

Total Monthly Price

Base Rent
$1,343 - $1,716
Total Monthly Price
$1,343 - $1,716
Studio to 1 Bedroom Apartments Available Now

Siegel Select Birmingham

5429 Highway 280 EBirmingham, AL 35242
Furnished
  • Verified
  • Utilities Included
  • Smoke Free

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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Inkwell on Grandview
Rent Specials
$1,577 - $3,032
Total Monthly Price

Total Monthly Price

Base Rent
$1,577 - $3,032
Total Monthly Price
$1,577 - $3,032
Studio to 3 Bedroom Apartments Available Now

Inkwell on Grandview

3560 Grandview PkyBirmingham, AL 35243
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Lakestone
1 to 3 Bedroom Apartments

Lakestone

1 Meadow DrBirmingham, AL 35242
Corporate Housing
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-43, Page 1 of 1

Lake Purdy, Birmingham, AL Local Guide

Cheapest Available Lake Purdy Apartments for Rent

 

The cheapest available apartment rental in the Lake Purdy area of Birmingham, AL is a 1 Bed unit found at The Avenues of Inverness priced from $792. The Haven at Greenhill has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Lake Purdy apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
The Avenues of InvernessBrookhaven1BR,1BA$792
The Haven at GreenhillStudioStudio,1BA$825
AureaThe Richmond2BR,2BA$849
LakestoneThe Savannah2BR,2BA$849
The Trails at Cahaba RiverOne Bedroom1BR,1BA$902
Wood SpringsAzalea1BR,1BA$909
Turtle Lake Apartment Homes1Bed - 1Bath1BR,1BA$999
MAA Eagle RidgeThe Sienna1BR,1BA$1,058
Kenley ApartmentsCelia 11BR,1BA$1,097
100 Inverness Apartment HomesA11BR,1BA$1,110

Best Value Apartments for Rent in Lake Purdy, AL

As of July 16, 2026 the best value apartment in the Lake Purdy area is the $1.24 price per square foot Perine-Renovated Model at Arbors At Cahaba River in the in the Lake Purdy neighborhood starting from $1,755. The second greatest value Lake Purdy apartment is the Three Bedroom A Model at The Trails at Cahaba River starting at $1,510 with a $1.16 price per square foot in the Lake Purdy neighborhood. Here is today’s list of the best values for Lake Purdy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors At Cahaba RiverPerine-Renovated3BR,2BA$1.24
The Trails at Cahaba RiverThree Bedroom A3BR,2BA$1.16
LakestoneThe Savannah2BR,2BA$0.73
The Abbey At InvernessThe Brixton2BR,2BA$1.24
Aventura Oak MountainDouble Oak Renovated2BR,2BA$1.24
Madison PlaceThe Dogwood2BR,2BA$1.26
Kenley ApartmentsCelia 11BR,1.5BA$1.16
MAA Eagle RidgeThe Sienna1BR,1BA$1.17
AureaThe Beaumont1BR,1BA$0.99
Turtle Lake Apartment Homes1Bed - 1Bath1BR,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.

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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.

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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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Best Local Schools in
Lake Purdy, Birmingham, AL

School data provided by Great Schools

Frequently Asked Questions about Cheap Lake Purdy Apartments

What is a cheap apartment in Lake Purdy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Purdy is under $1,110.

What is the price of a cheap apartment in Lake Purdy?

The cheapest apartment in Lake Purdy is The Avenues of Inverness which is listed at $792, while the average apartment in Lake Purdy costs $12,285.

What types of apartments are the cheapest in Lake Purdy?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 42 regular apartments in Lake Purdy that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Purdy?

Cheap apartments in Lake Purdy have an average cost of $263 which is $12,022 cheaper than the average rent for all rentals in Lake Purdy.

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

decorative image for Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability article

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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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.

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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.

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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.