Studio Apartment Rent in Homewood, AL
Median asking rent for a studio apartment in Homewood, Alabama as of June 2026. That's +29% lower than the citywide median of $1,704 and +7% below the national studio median of $1,295.
Income needed for a studio in Homewood
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Homewood
Compare Homewood's median rent across every apartment size.
Cheapest cities for a studio in Alabama
| # | City | Studio rent |
|---|---|---|
| 1 | Jasper | $590 |
| 2 | Gadsden | $620 |
| 3 | Daleville | $670 |
| 4 | Enterprise | $670 |
| 5 | Florence | $670 |
| 6 | Jacksonville | $680 |
| 7 | Clanton | $690 |
| 8 | Cullman | $700 |
| 9 | Troy | $750 |
| 10 | Decatur | $755 |
| 11 | Oxford | $760 |
| 12 | Opelika | $765 |
| 13 | Saraland | $780 |
| 14 | Dothan | $783 |
| 15 | Muscle Shoals | $790 |
Most expensive cities for a studio in Alabama
| # | City | Studio rent |
|---|---|---|
| 1 | Helena | $1,450 |
| 2 | Owens Cross Roads | $1,390 |
| 3 | Calera | $1,290 |
| 4 | Hoover | $1,270 |
| 5 | Madison | $1,253 |
| 6 | Pike Road | $1,240 |
| 7 | Pelham | $1,220 |
| 8 | Vestavia Hills | $1,210 |
| 9 | Trussville | $1,210 |
| 10 | Homewood (this page) | $1,210 |
| 11 | Meridianville | $1,180 |
| 12 | Spanish Fort | $1,170 |
| 13 | Chelsea | $1,170 |
| 14 | Fairhope | $1,140 |
| 15 | Orange Beach | $1,120 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Homewood.
| City | Distance | Studio rent | vs Homewood |
|---|---|---|---|
| Vestavia Hills, AL | 3.6 mi | $1,210 | — |
| Birmingham, AL | 3.7 mi | $1,042 | $-168 (-14%) |
| Hoover, AL | 6.4 mi | $1,270 | +$60 (+5%) |
| Midfield, AL | 7.6 mi | $910 | $-300 (-25%) |
| Fultondale, AL | 9.8 mi | $1,030 | $-180 (-15%) |
| Tarrant, AL | 10.4 mi | $890 | $-320 (-26%) |
| Irondale, AL | 11.1 mi | $950 | $-260 (-21%) |
| Pelham, AL | 11.1 mi | $1,220 | +$10 (+1%) |
| Bessemer, AL | 12.6 mi | $890 | $-320 (-26%) |
| Center Point, AL | 14.5 mi | $920 | $-290 (-24%) |
| Chelsea, AL | 14.8 mi | $1,170 | $-40 (-3%) |
| Helena, AL | 15.8 mi | $1,450 | +$240 (+20%) |
Studio rent in Homewood — common questions
How much is a studio apartment in Homewood?
As of June 2026, the median studio apartment rent in Homewood, Alabama is $1,210 per month. This is +29% below the citywide median of $1,704.
What income do you need to afford a studio in Homewood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $48,400 ($4,033/month gross), which works out to roughly $23.27/hour at a full-time job.
Is Homewood expensive for a studio compared to the rest of the US?
Homewood's studio median of $1,210 is +7% below the national studio median of $1,295. It ranks in the 43th percentile of US cities tracked.
How does Homewood rank for studio rent in Alabama?
Among the 64 cities in Alabama with studio data, Homewood ranks #55 from cheapest to most expensive.
Are there cheaper studio options near Homewood?
Yes — nearby cities with cheaper studio rents include Birmingham ($1,042), Midfield ($910), Fultondale ($1,030).