Cheap Apartments for Rent in Homewood, AL from $300 (234 Rentals)

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

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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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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property at 1504 12th St S

$700 - $1,100

1 To 2 Bedroom Rentals

Available Now

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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University Place
$899 - $2,315
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $2,315
Total Monthly Price
$899 - $2,315
Studio to 2 Bedroom Apartments Available Now

University Place

951 18th St SBirmingham, AL 35205
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Fox Hall
$917 - $1,085
Total Monthly Price

Total Monthly Price

Base Rent
$917 - $1,085
Total Monthly Price
$917 - $1,085
1 Bedroom Apartments Available Now

Fox Hall

1613 13th Ave SBirmingham, AL 35205
Affordability
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  • 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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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

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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 McCormic II Apartments in the Smithfield neighborhood priced from $584. 914 14th St SW in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McCormic II ApartmentsStudio ApartmentStudio,1BA$584
914 14th St SW1 Beds, 1 Baths1BR,1BA$600
University Ridge ApartmentsStudioStudio,1BA$625
Pointe Arlington1/1.001BR,1BA$700
The Bellows5-6 1 BR / 1 BTH1BR,1BA$731
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$749
614 1st St S1BR/1BA1BR,1BA$750
The Delacroix0 Beds, 1 BathsStudio,1BA$750
Magnolia CourtStudio ApartmentStudio,1BA$751
Element 261x1 [1st Floor, Street Facing]1BR,1BA$758

Best Value Apartments for Rent in Homewood, AL

As of June 08, 2026 the best value apartment in the Homewood area is the $1.06 price per square foot Three Bedroom 2.5 Bath Townhome Model at The Pearl at Homewood in the in the West End neighborhood starting from $1,379. The second greatest value Homewood apartment is the 2 x 2 Prem Model at Valley Station starting at $1,275 with a $1.06 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Pearl at HomewoodThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.06
Valley Station2 x 2 Prem2BR,2BA$1.06
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.07
Terrace Court1x1 [2nd Floor]1BR,1BA$1.09
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$1.06
The Marshall on 5th2BR/2BA - B22BR,2BA$1.09
Lakeview1 Bedroom/ 1 Bathroom1BR,1BA$1.10
The Marshall on 3rd2BR/2BA - B22BR,2BA$1.06
914 14th St SW1 Beds, 1 Baths1BR,1BA$1.04

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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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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Homewood, AL

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

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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 McCormic II Apartments listed at $584.

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

The lowest price for a Cheap One Bedroom Homewood Apartment is $600 at 914 14th St SW.

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 $854 at The Jameson.

What is the most affordable Homewood Three Bedroom Apartment?

The best deal on a cheap Homewood Three Bedroom Apartment rental is at Vestavia Place and starts from $1,199.

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

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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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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.