Cheap Homes for Rent in Homewood, AL from $700 (43 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 408 Skyview Dr

408 Skyview Dr

BirminghamAL35209

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-43, Page 1 of 1

Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at The Park at Buckingham in the West End neighborhood priced from $648. Valora at Homewood in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Park at BuckinghamThe ElmStudio,1BA$648
Valora at HomewoodQuincy1BR,1BA$649
Carlisle TerraceStudio Apartment, Type B, Courtyard FacingStudio,1BA$715
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
The Pearl at Homewood1 Bedroom, 1 Bathroom1BR,1BA$738
University CrossingsModel A1BR,1BA$740
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
South Hill - Five Points1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$750
Adona ApartmentsThe Elm/EvergreenStudio,1BA$775
The DulionMedium StudioStudio,1BA$785

Best Value Apartments for Rent in Homewood, AL and Nearby

As of May 16, 2025 the best value apartment in the Homewood area is the $1.17 price per square foot C1R Model at Berry Falls Apartments in the in the Brownville neighborhood starting from $1,575. The second greatest value Homewood apartment is the 3 Bedroom 2 Bedroom Model at Hickory Knoll starting at $1,296 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.
Berry Falls ApartmentsC1R3BR,2BA$1.17
Hickory Knoll3 Bedroom 2 Bedroom3BR,2BA$0.96
The Abbey at Regents WalkBurkshire2BR,2BA$1.13
Highpointe Apartments2x22BR,2BA$1.01
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
MarQ Vestavia2 Bedroom2BR,1BA$1.11
Valora at HomewoodRainsford1BR,1BA$1.12
Beacon Pointe1 Beds, 1 Baths1BR,1BA$1.13
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
Parkview1 Bedroom / 1 Bathroom Apartment1BR,1BA$1.16

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 463 Apartments for Rent in Homewood, AL with pricing that ranges from $648 to $5,893. There are also 156 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 $1,715.

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 $975 to $4,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $5,000. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $2,745.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.