Cheap Homes for Rent in Homewood, AL from $700 (46 Rentals)

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

property at 408 Skyview Dr

408 Skyview Dr

BirminghamAL35209
property at 55 Hanover Cir

55 Hanover Cir

BirminghamAL35205
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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 $625. The Park at Buckingham in the West End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $648. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McCormic II ApartmentsStudio ApartmentStudio,1BA$625
The Park at BuckinghamThe ElmStudio,1BA$648
Valora at HomewoodQuincy1BR,1BA$649
The RichmondStudio ApartmentStudio,1BA$691
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
University CrossingsModel A1BR,1BA$740
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Carlisle TerraceStudio Apartment, Type BStudio,1BA$755
The Highlands CommunitiesPhares StudioStudio,1BA$755
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Ground Floor,...1BR,1BA$765

Best Value Apartments for Rent in Homewood, AL

As of April 16, 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
Valley Station Apartment Homes2x1A2BR,1BA$0.94
MarQ Vestavia2 Bedroom2BR,1BA$1.07
402 Skyview Dr, Unit D402 Skyview Dr2BR,1BA$1.08
Valora at HomewoodRainsford1BR,1BA$1.12
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$1.11

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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 470 Apartments for Rent in Homewood, AL with pricing that ranges from $648 to $6,470. There are also 146 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $6,800.

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 $6,800 with an average monthly rent of $2,271.

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 $950 to $5,884, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $5,000. Four Bedroom Single-Family rentals are also available starting from $990 and Four Bedroom Apartments start at $2,000.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.