The price you'll pay to live in Downtown Birmingham now
Birmingham, Ala. — The Lyric Theater will reopen its doors Thursday, adding another destination to Downtown Birmingham. And another place people will want to be able to walk to from home. There's no shortage of new apartments in Birmingham for people to be able to live close to Downtown attractions, but how much will that convenience cost you? Local real estate agents say most likely, over $1,000 per month.
"It's close to everything I do. I haven't driven my car in three days," said Will Summers. He just moved downtown into Liv Parkside, a brand new apartment building across the street from Railroad Park. "My place is really nice but the rent down here is insane.
Even though Summers thinks the rent is high, he admits the location is worth it. "It's just convenient, I don't have to park, I can just walk everywhere."
Lynlee Hughes with H2 Real Estate said demand is high right now for downtown living options. "They want to be able to live and work and hang out in the same area instead of driving further out."
Hughes said for what you're getting in the new downtown apartments, the rent really isn't high. "Brand new, you're right in the middle of everything...compared to other cities I feel like it's pretty affordable."
In Downtown Birmingham Hughes said you're looking at a monthly bill of $1200-$1400 for a one bedroom place. For two bedrooms it'll cost you anywhere from $1500 a month to $2000 a month.
"I think Birmingham is pretty comparable to Chattanooga and their up and coming downtown is pretty similar...to get Liv Parkside in Atlanta it would probably be triple the price," said Hughes.
Right now Hughes said there are a lot of rental options in the city but not a lot of options for buying. She said a two bedroom place that goes up for sale in Downtown Birmingham will only stay on the market for about 10 days.
