Best Affordable Neighborhoods in Birmingham, AL
Some of the cheapest neighborhoods in Birmingham are Echo Highlands, Woodmeadow, and Glen Iris. These neighborhoods offer some of the lowest rent prices in Birmingham, making them ideal for renters on a budget. As of March 24, 2026, the average rent in Birmingham is $1,177, which is 0.1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Echo Highlands
Average Rent
$837/Month
Year-Over-Year Rent Change
0.1%
Units Available
12 Rentals
Echo Highlands is a quiet, welcoming neighborhood offering spacious homes and access to green spaces like Echo Highlands Park. Renters will enjoy the peaceful atmosphere and convenient proximity to shopping and dining along Highway 79. The area also provides easy access to downtown Birmingham via nearby highways.
Woodmeadow
Average Rent
$862/Month
Units Available
22 Rentals
Woodmeadow is an affordable neighborhood in Birmingham with an average rent price of $862. Compare this to the city average of $1,177. Woodmeadow provides easy access to Alabama Wildlife Center, Samford University, and Birmingham-Shuttlesworth International.
Glen Iris
Average Rent
$990/Month
Year-Over-Year Rent Change
4.6%
Units Available
73 Rentals
Glen Iris is a quiet, centrally located neighborhood offering easy access to UAB and downtown Birmingham. Renters will enjoy the nearby parks and the variety of housing options, from apartments to historic homes. The area's peaceful atmosphere, convenient location, and array of housing options make it ideal for renters of all lifestyles and preferences.
Waverly Place
Average Rent
$993/Month
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Birmingham, Waverly Place might be the perfect place! It has an average rent price of $993, while the city’s average stands at $1,177. Waverly Place is near McWane Science Center, Homewood Forest Preserve, and Samford University.
The Abbey at Inverness
Average Rent
$1,020/Month
Units Available
22 Rentals
The Abbey at Inverness is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Abbey at Inverness is $1,020 while the city average is $1,177. Residents enjoy convenient access to Aldridge Botanical Gardens, Inverness Heights Market, and Vulcan Park and Museum.
Hanover Place
Average Rent
$1,045/Month
Units Available
12 Rentals
When you’re looking for a great Birmingham neighborhood on a budget, check out Hanover Place. The average rent is $1,045, compared to the city average of $1,177. Hanover Place is convenient to Birmingham Botanical Gardens, Birmingham Southern College, and Clairmont Shopping Center.
Arium Inverness
Average Rent
$1,052/Month
Units Available
49 Rentals
Arium Inverness is an affordable neighborhood in Birmingham with an average rent price of $1,052. Compare this to the city average of $1,177. Arium Inverness provides easy access to Samford University, Homewood Forest Preserve, and Birmingham Zoo.
Regency Summit
Average Rent
$1,097/Month
Units Available
42 Rentals
If you’re looking for a great, affordable neighborhood in Birmingham, Regency Summit might be the perfect place! It has an average rent price of $1,097, while the city’s average stands at $1,177. Regency Summit is near Valley Village, McWane Science Center, and Samford University.
Wildwood Crossings
Average Rent
$1,160/Month
Units Available
12 Rentals
Wildwood Crossings is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wildwood Crossings is $1,160 while the city average is $1,177. Residents enjoy convenient access to Vulcan Park and Museum, Moss Rock Preserve, and Shades Mountain Plaza.
Camden Place
Average Rent
$1,160/Month
Units Available
12 Rentals
When you’re looking for a great Birmingham neighborhood on a budget, check out Camden Place. The average rent is $1,160, compared to the city average of $1,177. Camden Place is convenient to Moss Rock Preserve, Shades Mountain Plaza, and Vulcan Park and Museum.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.