Cheap Apartments for Rent in Homewood, AL from $300 (178 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Homewood.

close
View Me
Evan Arms Apartments
Studio to 1 Bedroom Apartments

Evan Arms Apartments

912 Oxmoor RdHomewood, AL 35209
  • Utilities Included

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.

Read Article

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.

Read Article
close
View Me
Oakmont Apartments
Rent Specials
$864 - $1,087
Total Monthly Price

Total Monthly Price

Base Rent
$832 - $1,055
Required Monthly Fees
$32
Total Monthly Price
$864 - $1,087
Studio to 1 Bedroom Apartments Available Now

Oakmont Apartments

2305 Arlington CresBirmingham, AL 35205
Affordability
  • Verified
  • 3D Tour

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

Read Article
property at 1340 32nd St S

$895 - $1,100

1 To 2 Bedroom Rentals

Available Now

1340 32nd St S

BirminghamAL35205
close
View Me
University Place
Rent Specials
$899 - $1,685
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,685
Total Monthly Price
$899 - $1,685
Studio to 2 Bedroom Apartments Available Now

University Place

951 18th St SBirmingham, AL 35205
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
The Ashton
Rent Specials
$909 - $1,015
Total Monthly Price

Total Monthly Price

Base Rent
$877 - $983
Required Monthly Fees
$32
Total Monthly Price
$909 - $1,015
1 Bedroom Apartments Available Now

The Ashton

1524 14th Ave SBirmingham, AL 35205
Affordability
  • Verified
  • Smoke Free

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
Highland Cliffs
Rent Specials
$983 - $1,156
Total Monthly Price

Total Monthly Price

Base Rent
$951 - $1,124
Required Monthly Fees
$32
Total Monthly Price
$983 - $1,156
1 Bedroom Apartments Available Now

Highland Cliffs

3401 Cliff RdBirmingham, AL 35205
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-50, Page 1 of 4

Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at University Ridge Apartments in the Smithfield neighborhood priced from $625. Pointe Arlington in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Pointe Arlington1/1.001BR,1BA$700
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
Clairmont Apartments1 BR / 1 BTH1BR,1BA$738
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Montrose and MontclairStudio Apartment - MontroseStudio,1BA$741
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$749
The Bellows5-6 1 BR / 1 BTH1BR,1BA$763
The CordelleStudio Apartment, Ground Level, CornerStudio,1BA$769
Highland CourtStudio ApartmentStudio,1BA$770

Best Value Apartments for Rent in Homewood, AL

As of March 09, 2026 the best value apartment in the Homewood area is the $1.09 price per square foot C1R Model at Berry Falls Apartments in the in the Brownville neighborhood starting from $1,475. The second greatest value Homewood apartment is the 2x1 [6th Floor] Model at Terrace Court starting at $1,265 with a $0.98 price per square foot in the Smithfield 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.
Berry Falls ApartmentsC1R3BR,2BA$1.09
Terrace Court2x1 [6th Floor]2BR,1BA$0.98
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.07
Valley Station Apartment Homes2x1A2BR,1BA$1.09
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$1.06
Cavalier1 Bedroom / 1 Bathroom Apartment, Unit 11BR,1BA$0.99
Silverado2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.09
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Fitzgerald in Five Points5-9 1 BR / 1 BTH1BR,1BA$1.10

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Homewood, AL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Homewood, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Homewood, AL

View Map
Homewood, AL Apartments Map
View Map
Homewood, AL Rental Homes Map

Frequently Asked Questions about Cheap Homewood Apartments

What is the Cheapest Studio apartment in Homewood?

Currently the most affordable Cheap Studio Apartment in Homewood is at University Ridge Apartments listed at $625.

How much is rent for a Cheap One Bedroom Homewood Apartment?

The lowest price for a Cheap One Bedroom Homewood Apartment is $700 at Pointe Arlington.

What is the lowest price for a Cheap Two Bedroom Homewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Homewood is starting from $800 at Pointe Arlington.

What is the most affordable Homewood Three Bedroom Apartment?

The best deal on a cheap Homewood Three Bedroom Apartment rental is at Pointe Arlington and starts from $900.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.