Properties to Rent in Birmingham from Private Landlords (2024)

FAQs

What is the cheapest area to rent in Birmingham? ›

What are the cheapest areas to rent in Birmingham? Areas such as Aston, Newtown,Nechells and Moseley are reasonably priced. Moseley is particularly popular, being named the best place to live in the UK for city living in 2015.

While Birmingham's property price forecast may be slowing, its rental market is set for another explosive year. According to FleetMilne research, the average rental price in Birmingham is £1,051 and saw an increase of 7% since 2023.

Highlights. An apartment for rent in Birmingham, Alabama typically goes for $1,290 per month, while a single-family home for rent in Birmingham, Alabama has a monthly cost of around $1,831. Renter-occupied units make up 54% of the local housing market, while the rental vacancy rate in Birmingham, Alabama is at 8.8.

The overall cost of living in Birmingham is influenced by many variables, most of which are influenced by your spending habits and financial situation. To live comfortably in Birmingham, it is recommended to have a monthly budget of between GBP 1,341 and GBP 1,389 (excluding tuition).

Hodge Hill is the most deprived constituency in Birmingham followed by Ladywood and Erdington. All three areas have IMD scores that would rank them in the top 10% most deprived neighbourhoods nationally.

Alabama is considered a landlord-friendly state because of the lack of rent control laws.

Why is rent in Birmingham so expensive? ›

The growth of these industries has attracted a large number of workers to the area, increasing the demand for rental properties. With more people moving to Birmingham for job opportunities, the competition for housing has pushed rents higher.

Annual change in house prices in Birmingham

In the year to April 2024, the average price for semi-detached properties in Birmingham fell by 1.1%, while the average price for detached properties decreased by 2.7%.

The investor can also calculate the vacancy rate by dividing the total number of vacant days by the total number of rentable days: 41 days vacant / 1,095 rentable days (365 days x 3 units) = 3.7%

Generally, a 5% to 10% rental vacancy rate is considered healthy. This means there are enough available properties to meet demand but not so many that there is an oversupply of units.

A vacancy rate is a percentage that compares how many available units in a rental property are currently unoccupied. This metric refers to an investment property's unrealized income potential. Keep in mind that vacancy rate differs from occupancy rate, which is the percentage of rental units that are occupied.

Birmingham, AL housing is 22% cheaper than the U.S average, while utilities are about 7% pricier. When it comes to basic necessities such as food and clothing, groceries are around 2% less in Birmingham, AL than in the rest of the country, while clothing costs around 2% less .

As of July 2024, the average rent in Birmingham, AL is $1,146 per month. This is 25% lower than the national average rent of $1,534/month, making renting in Birmingham more affordable than most cities in the US.

Analysis has concluded that Birmingham suffers from high levels of deprivation; it is ranked as the 7th most deprived local authority in England, and this has not changed since 2015.

If you'd prefer to rent privately, you're in luck. Birmingham is the second largest city in the country and there is no shortage of housing to explore. A studio flat in the city centre costs around £916 per month, and a three-bedroom apartment around £1,300, working out to about £435 per person.