The futures of Aston and Coventry stations were discussed by West Midlands Fire and Rescue Authority.
The authority, which said it needed buildings for a "modern-day" fire service, approved its budget earlier.
Plans to demolish Aston's Ettington Road fire station, which was built in 1923, will go before planners.
Phil Hales, deputy chief officer of West Midlands Fire Service, said Aston residents would be consulted as part of the planning process.
The authority says that Coventry's Radford Road station, which was built in 1976, is expensive to run and maintain.
A new station at Aston could cost around Â£7.5m, while the Coventry scheme could cost an estimated Â£6.7m.
English Heritage has said it expected to be consulted on the proposal to demolish Aston fire station if the plan was put forward.
"Aston fire station was listed at Grade II in 2010 and recognised as a carefully-designed building which works well with its surroundings and is a powerful symbol of civic pride," a spokesperson said.

Jones, 31, suffered a shin injury while on international duty with Trinidad and Tobago on Tuesday.
Cardiff manager Russell Slade said there was no break and Jones will be assessed once he returns to Wales.
"We're hoping he will be in on Sunday," said Slade. "We don't know how long he'll be out for."
This is the second time in the space of two months Jones has been unavailable for Cardiff following international duty.
He missed the opening four games of the season after being deemed unfit following his involvement in the Gold Cup, held in America and Canada in July.
The latest set-back came in his country's goalless draw with Nicaragua in Port of Spain when he was carried off on a stretcher after 73 minutes.
"It's not broken, that's the most important thing, but there is a lot of swelling there. It will be assessed the moment he lands," said Slade.
Jones' injury ends a miserable week for Slade that also saw him lose defender Bruno Ecuele Manga for at least two months to a groin injury sustained while training with Gabon.
"As with Bruno, it's difficult to get the information you require," added Slade of Jones' condition.
Cardiff missed the striker's presence on Saturday in a dour stalemate with Preston.
Slade admitted his side were poor as they registered two efforts on target against a team that started the afternoon on the bottom of the Championship table.
"I didn't think we got going until 50 or 60 minutes into the game and that can't happen," he said.
"Clearly it's not something we designed or wanted. We set out exactly what we wanted to do but we didn't do that.
"It can happen away from home sometimes, but it's dangerous because when you come up against top opposition, they will punish you in those periods.
"We haven't served up too many halves like that so benefit of the doubt.
"We came out for the second half and looked like a team again that wanted to go on and win a football match."
Slade's mood on Saturday evening would not have been helped when one of his discarded strikers, Javi Guerra, put Rayo Vallecano in front against Barcelona in La Liga at the Nou Camp.
Guerra, 33, moved to Rayo on a season-long loan in August after being told he was not in Slade's plans.

Wenger, 67, was charged with verbally abusing and pushing fourth official Anthony Taylor after being sent off.
Wenger reacted angrily to Burnley being awarded a 93rd-minute penalty.
He misses Saturday's FA Cup tie against Southampton and Premier League games against Watford, Chelsea and Hull.
Burnley scored the penalty at Emirates Stadium on Sunday to level the scores at 1-1.
After being sent to the stands by referee Jon Moss, Wenger moved away from the pitch but stood at the tunnel entrance and refused to move as he tried to watch the remaining few minutes of Sunday's match.
As Taylor encouraged him to move away, Wenger was seen to push back against him.
Arsenal were then given a penalty of their own, which was converted by Alexis Sanchez.
Immediately after the match, Wenger apologised, saying: "I should have shut up - I apologise for not having done that.
"It was nothing malicious. I should have kept my control, even if it was in a hectic time."
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Plans to demolish and replace two West Midlands fire stations - one of which is Grade II listed - have been backed by fire service bosses.
[NEXT_CONCEPT]
Cardiff City are waiting to discover the extent of the injury to Kenwyne Jones that forced the striker to miss Saturday's draw at Preston.
[NEXT_CONCEPT]
Arsenal manager Arsene Wenger has been given a four-match touchline ban and £25,000 fine after accepting a Football Association charge of misconduct for his behaviour in the win over Burnley.