Cheap Apartments for Rent in the Five Points South Neighborhood of Birmingham, AL from $500 (69 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Points South area of Birmingham.

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Park Manor
Studio to 1 Bedroom Apartments

Park Manor

1301 20th St SBirmingham, AL 35205
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Sutton House
1 Bedroom Apartments

Sutton House

1416 14th St SBirmingham, AL 35205
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Tivoli
1 Bedroom Apartments

Tivoli

1141 14th St SBirmingham, AL 35205
  • Utilities Included
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Drake and Madrid
Studio to 1 Bedroom Apartments

Drake and Madrid

1931 15th Ave SBirmingham, AL 35205
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Stratford
1 Bedroom Apartments

Stratford

1000-1010 18th St SBirmingham, AL 35205
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Places At Red Rocks
1 to 2 Bedroom Apartments

Places At Red Rocks

1534 17th StBirmingham, AL 35205
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Highland Towers
Studio Apartments

Highland Towers

2257 Highland Ave SBirmingham, AL 35205
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The Richmond
Studio to 1 Bedroom Apartments

The Richmond

2030 Highland Ave SBirmingham, AL 35205
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Wilbur
1 Bedroom Apartments

Wilbur

1605 12th St SBirmingham, AL 35205
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The Bellows
1 Bedroom Apartments

The Bellows

1438 18th St SBirmingham, AL 35205
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Davis House
1 to 2 Bedroom Apartments

Davis House

1117 23rd St SBirmingham, AL 35205
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Kisor Flats
1 Bedroom Apartments

Kisor Flats

1426 18th St SBirmingham, AL 35205
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Phares
Studio to 1 Bedroom Apartments

Phares

2310 Highland Ave SBirmingham, AL 35205
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Hermosa
Studio Apartments

Hermosa

1127 23rd St SBirmingham, AL 35205
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The Cordelle
1 Bedroom Apartments

The Cordelle

1415 13th St SBirmingham, AL 35205
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Southwood Gardens
1 Bedroom Apartments

Southwood Gardens

1324 14th Ave SBirmingham, AL 35205
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Cedar South
1 Bedroom Apartments

Cedar South

1700 Cullom St SBirmingham, AL 35205

Five Points South, Birmingham, AL Local Guide

Cheapest Available Five Points South Apartments for Rent

 

The cheapest available apartment rental in the Five Points South area of Birmingham, AL is a Studio unit found at McCormic II Apartments priced from $629. Element 26 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $714. Here are the most affordable Five Points South apartments for rent in Birmingham, AL:

Apartment ListingModel NameBed/BathPriced From
McCormic II ApartmentsStudio ApartmentStudio,1BA$629
Element 261x1 [1st Floor, Street Facing]1BR,1BA$714
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
Stratford1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$734
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
The RichmondStudio ApartmentStudio,1BA$763
Wilbur1 Bedroom / 1 Bathroom Apartment, 81BR,1BA$767
The Bellows5-6 1 BR / 1 BTH1BR,1BA$768
Kisor FlatsA-B 1 BR / 1 BTH1BR,1BA$774
The DulionMedium StudioStudio,1BA$785

Best Value Apartments for Rent in Five Points South, AL

As of March 29, 2025 the best value apartment in the Five Points South area is the $1.27 price per square foot 1433 15th Ave S Model at 1433 15th Ave S, Unit A in the in the Smithfield neighborhood starting from $1,750. The second greatest value Five Points South apartment is the Two Bedroom B Model at Mountainside Apartments starting at $1,229 with a $1.29 price per square foot in the West End neighborhood. Here is today’s list of the best values for Five Points South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1433 15th Ave S, Unit A1433 15th Ave S2BR,1BA$1.27
Mountainside ApartmentsTwo Bedroom B2BR,2BA$1.29
Southside Manor2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.24
Silverado2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.04
The Irish1 Bedroom / 1 Bathroom Apartment, Second Level,...1BR,1BA$1.25
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Fitzgerald in Five Points10-12 1 BR / 1 BTH1BR,1BA$1.12
Magnolia Court2 Bedroom / 1 Bathroom Apartment, Ground Level2BR,1BA$1.25
Charleston Court1 Bedroom / 1 Bathroom Apartment, Ground Level1BR,1BA$1.26
Stratford1 Bedroom / 1 Bathroom Apartment, Second Level1BR,1BA$1.27

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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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Lifestyle Ratings

Our team compares millions of points of data to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Birmingham, Alabama. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Five Points South Neighborhood in Birmingham, AL

Walk Score®

86 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Five Points South Apartments

What is a cheap apartment in Five Points South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points South is under $785.

What is the price of a cheap apartment in Five Points South?

The cheapest apartment in Five Points South is Element 26 which is listed at $714, while the average apartment in Five Points South costs $2,199.

What types of apartments are the cheapest in Five Points South?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 83 regular apartments in Five Points South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Five Points South?

Cheap apartments in Five Points South have an average cost of $453 which is $1,746 cheaper than the average rent for all rentals in Five Points South.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.