Cheap Apartments for Rent in Homewood, AL from $300 (244 Rentals)

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

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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Evan Arms Apartments
Studio to 1 Bedroom Apartments

Evan Arms Apartments

912 Oxmoor RdHomewood, AL 35209
  • Utilities Included

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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Magnolia Court
Rent Specials
$765 - $1,086
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $1,086
Total Monthly Price
$765 - $1,086
Studio to 2 Bedroom Apartments Available Now

Magnolia Court

1147 14th Ave SBirmingham, AL 35205
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Carlisle Terrace
Rent Specials
$780 - $983
Total Monthly Price

Total Monthly Price

Base Rent
$780 - $983
Total Monthly Price
$780 - $983
Studio Apartments Available Now

Carlisle Terrace

1223-1225 29th St SBirmingham, AL 35205
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Montrose and Montclair
Rent Specials
$790 - $1,096
Total Monthly Price

Total Monthly Price

Base Rent
$790 - $1,096
Total Monthly Price
$790 - $1,096
Studio to 1 Bedroom Apartments Available Now

Montrose and Montclair

1226-1228 29th St SBirmingham, AL 35205
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The Cordelle
Rent Specials
$808 - $956
Total Monthly Price

Total Monthly Price

Base Rent
$808 - $956
Total Monthly Price
$808 - $956
Studio Apartments Available Now

The Cordelle

1415 13th St SBirmingham, AL 35205
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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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Charleston Court
Rent Specials
$842 - $989
Total Monthly Price

Total Monthly Price

Base Rent
$842 - $989
Total Monthly Price
$842 - $989
1 Bedroom Apartments Contact Us For Availability

Charleston Court

2155 11th Ct SBirmingham, AL 35205
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Lotus Homewood
$850 - $950
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Base Rent
$850 - $950
Total Monthly Price
$850 - $950
1 to 2 Bedroom Apartments Available Now

Lotus Homewood

825 Oak Leaf CirBirmingham, AL 35209
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Celeste Manor
Rent Specials
$853 - $1,022
Total Monthly Price

Total Monthly Price

Base Rent
$853 - $1,022
Total Monthly Price
$853 - $1,022
1 Bedroom Apartments Available Now

Celeste Manor

1229 29th St SBirmingham, AL 35205
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Top of the Cliff
Rent Specials
$884 - $1,091
Total Monthly Price

Total Monthly Price

Base Rent
$884 - $1,091
Total Monthly Price
$884 - $1,091
1 Bedroom Apartments Available Now

Top of the Cliff

3400 Cliff RdBirmingham, 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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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
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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 1 Bed unit found at 914 14th St SW in the West End neighborhood priced from $600. University Ridge Apartments in the Smithfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
914 14th St SW1 Beds, 1 Baths1BR,1BA$600
University Ridge ApartmentsStudioStudio,1BA$625
Pointe Arlington1/1.001BR,1BA$700
Park On ValleyStudio Classic (pvs)Studio,1BA$740
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$749
614 1st St S1BR/1BA1BR,1BA$750
Cliff PlaceStudio Apartment, LVPStudio,1BA$758
Magnolia CourtStudio ApartmentStudio,1BA$765
Wilbur1 Bedroom / 1 Bathroom Apartment, Ground Level1BR,1BA$769
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770

Best Value Apartments for Rent in Homewood, AL

As of July 23, 2026 the best value apartment in the Homewood area is the $0.92 price per square foot 3 Bedroom 2 Bath Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,559. The second greatest value Homewood apartment is the 3 Bedroom 2 Bedroom Model at Hickory Knoll starting at $1,299 with a $0.96 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.
Branchwater3 Bedroom 2 Bath3BR,2BA$0.92
Hickory Knoll3 Bedroom 2 Bedroom3BR,2BA$0.96
Terrace Court2x1 [5th Floor]2BR,1BA$0.97
MarQ Vestavia3 Bedroom3BR,2BA$1.08
Places at Red Rocks2 Bedroom2BR,1BA$1.00
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Valley Station2 x 1 A Prem2BR,1BA$1.12
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$1.06
DMG MountainsideMtn Two Bedroom One Bath2BR,1BA$1.09
The Marshall on 5th2BR/2BA - B22BR,2BA$1.08

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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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 $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 $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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.