Rentometer, Inc. | Data as of 02/04/2026
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 | $1,246 | $1,145 | $791 - $2,075 | $1,000 - $1,525 |
| Apartment | 2 Bedroom | $1,473 | $1,285 | $975 - $2,950 | $1,145 - $1,665 |
| Apartment | 3 Bedroom | $1,750 | $1,609 | $1,296 - $2,799 | $1,420 - $1,952 |
| House | 2 Bedroom | $2,211 | $2,300 | $1,395 - $2,750 | $1,995 - $2,500 |
| House | 3 Bedroom | $2,731 | $2,575 | $1,895 - $4,000 | $2,400 - $2,995 |
| House | 4+ Bedroom | $3,299 | $3,250 | $2,500 - $4,200 | $3,095 - $3,900 |
In the current period, the average rent in Homewood was
$1,246 for 1 Bedroom,
$1,624 for 2 Bedroom,
$2,317 for 3 Bedroom, and
$3,214 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.