Alabaster, Alabama Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Alabaster, Alabama rental market.

Alabaster, Alabama

Average Apartment Rent

$1,209

Y-o-Y Change in Average
Apartment Rent

4.4%

As of November 2024

Compared to a year ago, Alabaster, Alabama apartments have recorded a 4.4% rent increase.

Alabaster, Alabama Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Alabaster $990 $1,092 $1,082 $1,147 $1,077 $1,138 $1,158 $1,175 $1,177 $1,209
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Alabaster
National
Nov 2021
$990
$1,596
Mar 2022
$1,092
$1,635
Jul 2022
$1,082
$1,708
Nov 2022
$1,147
$1,726
Mar 2023
$1,077
$1,714
Jul 2023
$1,138
$1,739
Nov 2023
$1,158
$1,733
Mar 2024
$1,175
$1,727
Jul 2024
$1,177
$1,752
Nov 2024
$1,209
$1,748

Alabaster, Alabama Average Apartment Rent

Alabaster, Alabama Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 83.98%, apartments priced $1,000 - $1,500 represent the bulk of Alabaster, Alabama rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 5.34%.

Alabaster, Alabama Housing tenure**

Renter occupied housing units 1,759
Owner occupied housing units 10,217

Renters take up 15% of Alabaster, Alabama real estate, occupying a total of 1,759 units, while homeowners live in 10,217 properties.

Median number of rooms of renter-occupied housing units**

5.2

Renter median household income**

$56,106

Average household size of renter-occupied housing units**

3.06

Rental vacancy rate**

5.8%

Alabaster, Alabama Renter-occupied housing units by no. of bedrooms**

1 bed 160
2 beds 663
3 beds 650
4 beds 229
5 or more beds 52

There are 663 rentals in Alabaster, Alabama with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 52 units. Overall, the median number of rooms in Alabaster, Alabama homes for rent is 5.2.

Alabaster, Alabama Renter-occupied units by age of householder**

15 - 24 years 64
25 - 34 years 516
35 - 44 years 316
45 - 54 years 344
55 - 59 years 121
60 - 64 years 51
65 - 74 years 283
75 - 84 years 49
85 years and over 15

Most condos for rent in Alabaster, Alabama are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.

Alabaster, Alabama Renter-occupied housing units by family type**

Family households 1,175
Non-Family Households 584

Alabaster, Alabama Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 762
No related children of the householder under 18 997

A total of 1,175 apartments for rent in Alabaster, Alabama, or 67% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 762 units. All in all, the median size of a renter-occupied household in Alabaster, Alabama is 3.06.

Alabaster, Alabama Renter-occupied housing units by educational attainment**

Less than high school graduate 136
High school graduate (including equivalency) 377
Some college or associate's degree 786
Bachelor's degree or higher 460

In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Alabaster, Alabama.

Alabaster, Alabama Renter-occupied units by year structure built**

Built 2010 - 2019 45
Built 2000 - 2009 217
Built 1990 - 1999 574
Built 1980 - 1989 248
Built 1970 - 1979 351
Built 1960 - 1969 115
Built 1950 - 1959 133
Built 1940 - 1949 17
Built 1939 or earlier 59

The highest share of Alabaster, Alabama apartment rentals, namely 33% or 574 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (20%, 351 units), and the ones Built 1980 - 1989 (14%, 248 units).

Alabaster, Alabama Renter-occupied units by year householder moved in**

Moved in 2021 or later 160
Moved in 2018 to 2020 745
Moved in 2010 to 2017 643
Moved in 2000 to 2009 123
Moved in 1990 to 1999 88

Median year renter moved into unit 2018

Most Alabaster, Alabama renters (42%) moved in 2018 to 2020, while only 5% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Alabaster, Alabama condos for rent is 2018.

Alabaster, Alabama Renter-occupied housing units by vehicles available**

No vehicle available 127
1 vehicle available 595
2 vehicles available 581
3 vehicles available 263
4 vehicles available 139
5 or more vehicles available 54

When it comes to transportation options, 34% of Alabaster, Alabama renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 15% have 3 vehicles available.

Alabaster, Alabama Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,210
Car, truck, or van - carpooled 287
Taxicab, motorcycle, bicycle, or other means 46
Worked at home 233

Alabaster, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 3,949
Moved within same county 840
Moved from different county within same state 445
Moved from different state 81

Alabaster, Alabama Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Alabaster, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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