Cheap Apartments for Rent in Homewood, AL from $300 (165 Rentals)

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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.

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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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property at 1504 12th St S

1504 12th St S

BirminghamAL35205

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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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.

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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.

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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
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Cliff PlaceStudio Apartment, LVPStudio,1BA$751
The CordelleStudio Apartment, Ground LevelStudio,1BA$755
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Ground Floor,...1BR,1BA$771
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775
University Crossings2 Bed 1 Bath Small2BR,1BA$780
HIGHLAND HOUSE FLATS1BR/1.0BA1BR,1BA$795
Silver OakStudioStudio,1BA$799

Best Value Apartments for Rent in Homewood, AL

As of October 24, 2025 the best value apartment in the Homewood area is the $1.07 price per square foot C1R Model at Berry Falls Apartments in the in the Brownville neighborhood starting from $1,450. The second greatest value Homewood apartment is the 3 Bedroom 2 Bedroom Model at Hickory Knoll starting at $1,540 with a $1.14 price per square foot in the Southwest Birmingham 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$1.07
Hickory Knoll3 Bedroom 2 Bedroom3BR,2BA$1.14
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
The Pearl at HomewoodTwo Bedroom Two Bath Large2BR,2BA$0.91
Valley Crest2x1 Classic (vcb1)2BR,1BA$1.10
Highpointe Apartments1x11BR,1BA$1.12
Alight Birmingham2 BEDROOM, 2 BATH2BR,2BA$0.77
Lakeview1 Bedroom/ 1 Bathroom1BR,1BA$1.11
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Fitzgerald in Five Points1, 3-4 1 BR / 1 BTH1BR,1BA$1.12

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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.

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Best Local Schools in
Homewood, AL

School data provided by Great Schools

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

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Getting Around Homewood, AL

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $780 at University Crossings.

What is the most affordable Homewood Three Bedroom Apartment?

The best deal on a cheap Homewood Three Bedroom Apartment rental is at MarQ Vestavia and starts from $1,251.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.