Montgomery, AL Rental Market Trends
Last updated: May 13, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Montgomery is $1,084, a 0.26% decrease compared to the previous year, when the average rent was $1,087.
Studio Apartments at $714 offer the most budget-friendly option with 413 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 779 square feet for $955, balancing privacy and affordability.
Two-beedroom units at $1,117 offer 1,060 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,348 sq ft) for $1,373, suitable for larger households.
Average rent in Montgomery, AL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,084 | 987 sq. ft. |
| Studio | $714 | 413 sq. ft. |
| 1 Bed | $955 | 779 sq. ft. |
| 2 Beds | $1,117 | 1,060 sq. ft. |
| 3 Beds | $1,373 | 1,348 sq. ft. |
Montgomery, AL rent trends
Rental prices in Montgomery, AL have decreased by 0.26% over the past year. The average rent moved from $1,087 to $1,084.
What's the typical rent budget in Montgomery, AL?
The largest share of rentals in Montgomery, AL (54%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Montgomery, AL?
37,052 or 46% of the households in Montgomery, AL are renter-occupied while 44,189 or 54% are owner-occupied.
Most affordable neighborhoods in Montgomery?
South - Woodley Square $837/month
Rosemary $922/month
Woodmere Lakes $1,031/month
All of these neighborhoods fall below the city wide average of $1,084/month.Most expensive neighborhoods in Montgomery?
Downtown Montgomery $1,167/month
Hampstead $1,511/month
Eastchase $1,551/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Montgomery, AL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Eastchase | $1,551 |
| Hampstead | $1,511 |
| Downtown Montgomery | $1,167 |
| Woodmere Lakes | $1,031 |
| Rosemary | $922 |
| South - Woodley Square | $837 |
Montgomery | Rent Comparison by Neighborhood
Rent in Downtown Montgomery is 25% lower than in Eastchase
Downtown Montgomery rent is 8% higher than Montgomery average
Eastchase rent is 43% higher than Montgomery average
How Montgomery Compares to Other Cities
| City | Average Rent |
|---|---|
| Montgomery | $1,084 |
| Birmingham | $1,362 |
| Huntsville | $1,252 |
| Madison | $1,360 |
| Mobile | $1,181 |
| Bessemer | $977 |
| Tuscaloosa | $1,490 |
| Hoover | $1,294 |
| Vestavia Hills | $1,573 |
| Auburn | $2,018 |
| Homewood | $1,384 |
| Prattville, AL | $1,457 |
| Opelika, AL | $1,396 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Montgomery apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.