Cheap Apartments for Rent in Homewood, AL from $300 (158 Rentals)

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Evan Arms Apartments
Studio to 1 Bedroom Apartments

Evan Arms Apartments

912 Oxmoor RdHomewood, AL 35209
  • Utilities Included
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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 $629. Terrace Apartments in the Five Points South neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McCormic II ApartmentsStudio ApartmentStudio,1BA$629
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
University CrossingsModel A1BR,1BA$740
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
The Highlands CommunitiesPhares StudioStudio,1BA$755
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Ground Floor,...1BR,1BA$756
Carlisle TerraceStudio Apartment, Type BStudio,1BA$758
The RichmondStudio ApartmentStudio,1BA$763
Wilbur1 Bedroom / 1 Bathroom Apartment, 81BR,1BA$767
The Bellows5-6 1 BR / 1 BTH1BR,1BA$768

Best Value Apartments for Rent in Homewood, AL

As of April 09, 2025 the best value apartment in the Homewood area is the $0.98 price per square foot 2 Bedroom Model at Goodall-Brown Lofts in the in the Smithfield neighborhood starting from $1,849. The second greatest value Homewood apartment is the 2 Bed / 2 Bath Model at Shadesmont Apartments starting at $1,050 with a $0.98 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.
Goodall-Brown Lofts2 Bedroom2BR,1BA$0.98
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
Hickory Knoll2 Bedroom 1 Bathroom2BR,1BA$1.13
MarQ Vestavia2 Bedroom2BR,1BA$1.07
402 Skyview Dr, Unit D402 Skyview Dr2BR,1BA$1.08
Valley Station Apartment Homes1x1B1BR,1BA$1.03
Silverado2 Bedroom / 1 Bathroom Apartment2BR,1BA$1.07
Beacon Pointe1 Beds, 1 Baths1BR,1BA$1.13
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Fitzgerald in Five Points10-12 1 BR / 1 BTH1BR,1BA$1.12

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Best Local Schools in
Homewood, AL

School data provided by Great Schools

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Getting Around Homewood, AL

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $629.

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

The lowest price for a Cheap One Bedroom Homewood Apartment is $740 at University Crossings.

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 $780 at University Crossings.

What is the most affordable Homewood Three Bedroom Apartment?

The best deal on a cheap Homewood Three Bedroom Apartment rental is at The Pointe Arlington and starts from $975.

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.