Cheap Apartments for Rent in Homewood, AL from $595 (271 Rentals)

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

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Shadesmont Apartments
$1,050 - $1,400

Total Monthly Price

Base Rent$1,050 - $1,400
Total Monthly Price$1,050 - $1,400
1 to 2 Bedroom Apartments Available Now

Shadesmont Apartments

19 W Lakeshore DrHomewood, AL 35209
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Evan Arms Apartments
Studio to 1 Bedroom Apartments

Evan Arms Apartments

912 Oxmoor RdHomewood, AL 35209
  • Utilities Included

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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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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Montrose and Montclair
Rent Specials
$844 - $1,461

Total Monthly Price

Base Rent$844 - $1,461
Total Monthly Price$844 - $1,461
Studio to 2 Bedroom Apartments Available Now

Montrose and Montclair

1226-1228 29th St SBirmingham, AL 35205
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University Place
$899 - $2,315

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
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 828 Beacon Pky E
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

828 Beacon Pky E, Unit A

828 Beacon Pky E
BirminghamAL35209
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832 Beacon Pky E, Unit D
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom Apartment Available Now

832 Beacon Pky E, Unit D

832 Beacon Pky EBirmingham, AL 35209
Affordability
property at 3350 Altamont Rd S
$900

Total Monthly Price

Base Rent$900
Total Monthly Price$900
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

3350 Altamont Rd S, Unit E6

3350 Altamont Rd S
BirminghamAL35205
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Lotus Homewood
Rent Specials
$925 - $1,060

Total Monthly Price

Base Rent$925 - $1,060
Total Monthly Price$925 - $1,060
1 to 2 Bedroom Apartments Available Now

Lotus Homewood

825 Oak Leaf CirBirmingham, AL 35209
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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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Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at BERKLEY APARTMENTS in the Five Points South neighborhood priced from $585. 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
BERKLEY APARTMENTS0BR/1.0BAStudio,1BA$585
914 14th St SW1 Beds, 1 Baths1BR,1BA$600
University Ridge ApartmentsStudioStudio,1BA$625
McCormic II ApartmentsStudio ApartmentStudio,1BA$633
PARK MANOR0BR/1.0BAStudio,1BA$699
Pointe Arlington1/1.001BR,1BA$700
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$749
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770
DMG MountainsideMtn One Bedroom1BR,1BA$771

Best Value Apartments for Rent in Homewood, AL

As of September 07, 2026 the best value apartment in the Homewood area is the $0.90 price per square foot 3 x 2 R Model at High Pointe in the in the Woodland Park neighborhood starting from $1,275. The second greatest value Homewood apartment is the 3BD 1 BATH Model at 621 19th Ct S starting at $1,500 with a $1.07 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.
High Pointe3 x 2 R3BR,2BA$0.90
621 19th Ct S3BD 1 BATH3BR,1BA$1.07
Rhodes Villas2 Bedroom / 2 Bathroom Apartment with Washer/Dr...2BR,2BA$1.00
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.07
Lumen in BirminghamC23BR,3BA$0.94
Places at Red Rocks1 Bedroom1BR,1BA$0.86
402 Skyview Dr, Unit F402 Skyview Dr2BR,1BA$1.03
Cavalier1 Bedroom / 1 Bathroom Apartment, Unit 21BR,1BA$1.05
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$1.00
Southridge Apartments1 Bedroom 1 Bath1BR,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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 BERKLEY APARTMENTS listed at $585.

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 $749 at Beacon Pointe Apartments.

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

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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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.