Apartments in Downtown Birmingham

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Downtown Birmingham

A Birmingham Neighborhood

Summary

Birmingham is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. Living here means being within walking distance of some of Alabama’s finest shopping, dining, and nightlife. You can even pick up some great produce at the Farmer’s Market when you’re off work! But when you're searching for Downtown Birmingham Apartments it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.

That's exactly why ABODO exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of apartments in downtown Birmingham to choose from!

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$735
Studio
$1,154
1 Bedroom
$1,293
2 Bedrooms
$1,702
3 Bedrooms
$1,898
4 Bedrooms
$3,880
5+ Bedrooms
Get your search on...

Birmingham:
August Rent Report

Welcome to the August 2022 Birmingham Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2022 key findings and figures for the Birmingham rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Birmingham and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Birmingham average rent prices in the chart below.

Monthly Rent Report

Birmingham Rent Prices Decrease From July to August

Birmingham rent prices decreased over the last month. From July to August, the city experienced a -0.83% decrease for the price of a one-bedroom apartment. The rent price for a Birmingham one-bedroom apartments currently stands at $1,550.0.

When we take a look at the two-bedroom comparison from July to August, Birmingham experienced a 1.5% increase for the price of a two-bedroom apartment. The rent price for a Birmingham two-bedroom apartments currently stands at $1,419.0.

August Prices: Birmingham vs. Surrounding Areas

Rent Prices in Birmingham and Surrounding Areas

Rent prices have decreased in Birmingham over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Birmingham suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Hoover, AL, Fultondale, AL, Gardendale, AL .

  • Rent decreased in Bessemer, AL, Homewood, AL, Vestavia Hills, AL.

  • 6 suburbs are currently priced lower than the city of Birmingham.

August 2022 Pricing Trends: Birmingham vs. National Comparisons

Birmingham Rent Prices More Affordable Than Major Cities

Rent growth in Birmingham over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Birmingham average rent prices appear to be relatively affordable for local residents.

The price for a Birmingham one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's August 2022 National Apartment Report and data set here.

For more information about Birmingham and surrounding area rent prices, take a look at the complete data set below.

Data set for Birmingham and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change
Birmingham, AL $1,563.0 1.30% $1,398.0 3.40%
Hoover, AL $1,087.0 4.12% $1,447.0 2.84%
Bessemer, AL $670.0 0.00% $732.0 -0.14%
Homewood, AL $879.0 -2.66% $1,118.0 -1.32%
Fultondale, AL $940.0 0.64% $1,132.0 5.89%
Vestavia Hills, AL $1,512.0 -0.20% $1,957.0 1.09%
Gardendale, AL $1,129.0 5.51% $1,416.0 -2.75%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.