Rentometer, Inc. | Data as of 10/22/2025
Homewood, Alabama, offers a vibrant blend of suburban charm and easy access to the cultural amenities of nearby Birmingham. The city’s tree‑lined streets, well‑maintained parks, and lively downtown district make it a sought‑after destination for renters seeking both convenience and community. Popular neighborhoods such as Homewood Village, Oak Grove, and the historic Fairview area showcase a mix of classic bungalows, modern townhomes, and new‑construction apartments, providing a diverse array of housing choices. Residents enjoy close proximity to attractions like Oak Mountain State Park, the Homewood City Center, and a variety of local eateries and boutique shops, all contributing to a high quality of life.
The rental market in Homewood reflects this appeal, with apartments and houses catering to a range of household sizes. One‑bedroom apartments typically fall in the low $1200s, while three‑bedroom units can reach the high $1700s. Larger homes command higher rates, often starting around $2300 for two‑bedroom houses and approaching the $3100 range for spacious four‑plus‑bedroom properties. These figures underscore the city’s balance of affordability and premium options, making it attractive to young professionals, growing families, and retirees alike. With a strong mix of rental types, Homewood continues to draw renters who value a welcoming community, excellent schools, and easy access to both urban amenities and natural recreation.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,239 | $1,152 | $791 - $2,075 | $1,040 - $1,525 |
| Apartment | 2 Bedroom | $1,490 | $1,292 | $1,047 - $2,950 | $1,185 - $1,550 |
| Apartment | 3 Bedroom | $1,722 | $1,636 | $1,215 - $2,625 | $1,437 - $1,952 |
| House | 2 Bedroom | $2,287 | $2,300 | $1,475 - $2,950 | $1,895 - $2,750 |
| House | 3 Bedroom | $2,764 | $2,797 | $1,895 - $4,000 | $2,400 - $3,189 |
| House | 4+ Bedroom | $3,115 | $3,050 | $2,275 - $4,200 | $2,750 - $3,800 |
In the current period, the average rent in Homewood was
$1,240 for 1 Bedroom,
$1,633 for 2 Bedroom,
$2,376 for 3 Bedroom, and
$3,168 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.