
Cheap Homes for Rent in Homewood Neighborhood of Birmingham, AL from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Homewood area of Birmingham.


1508 17th Pl S

100 22nd Ct S

1730 Valley Ave

1790 Valley Ave

952 7th St SW

925 7th St SW

733 Center Pl SW

707 Center Way S

1705 2nd St S
Homewood, Birmingham, AL Local Guide

How much does it cost to rent a home in Homewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Homewood 2 Bedroom Homes for Rent | $2,229 | $1,000 | $4,150 |
Homewood 3 Bedroom Homes for Rent | $2,338 | $1,200 | $5,000 |
Homewood 4 Bedroom Homes for Rent | $2,146 | $990 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Homewood Neighborhood of Birmingham, AL.
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Homewood, Birmingham, AL Local Guide
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Cheapest Available Homewood Apartments for Rent
 The cheapest available apartment rental in the Homewood area of Birmingham, AL is a Studio unit found at McCormic II Apartments priced from $630. Terrace Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here are the most affordable Homewood apartments for rent in Birmingham, AL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
McCormic II Apartments | Studio Apartment | Studio,1BA | $630 |
Terrace Apartments | Studio 1 Bath - Ground Level | Studio,1BA | $715 |
University Crossings | Model A | 1BR,1BA | $740 |
Best Value Apartments for Rent in Homewood, AL
As of March 26, 2025 the best value apartment in the Homewood area is the $0.94 price per square foot 3 Bedroom 2 Bath Model at Branchwater in the in the Hoover Vestavia Hills neighborhood starting from $1,599. The second greatest value Homewood apartment is the 2 Bedroom / 2 Bathroom Townhouse Model at Cedar Cottage starting at $1,455 with a $1.07 price per square foot in the Smithfield neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Branchwater | 3 Bedroom 2 Bath | 3BR,2BA | $0.94 |
Cedar Cottage | 2 Bedroom / 2 Bathroom Townhouse | 2BR,2BA | $1.07 |
Highpointe Apartments | 2x2 | 2BR,2BA | $1.05 |
Valley Station Apartment Homes | 2x1B | 2BR,1BA | $1.01 |
Hickory Knoll | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.13 |
411 Skyview Dr, Unit F | 411 Skyview Dr | 2BR,1BA | $0.92 |
Shadesmont Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.06 |
Beacon Pointe | 1 Beds, 1 Baths | 1BR,1BA | $1.13 |
Southridge Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.99 |
Red Top Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $1.19 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Homewood
What type of rentals are currently available in Homewood?
There are currently 241 Apartments for Rent in Homewood, AL with pricing that ranges from $648 to $5,038. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $5,000.
What is the current price range for Rental Homes in Homewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $5,000 with an average monthly rent of $1,884.
How much are larger Three and Four Bedroom Rentals in Homewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $1,295 to $5,038, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $5,000. Four Bedroom Single-Family rentals are also available starting from $990 and Four Bedroom Apartments start at $2,689.
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.

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.

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.

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.

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.