Athens, Alabama Rental Market Trends
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 Athens, Alabama rental market.
Highlights
An apartment for rent in Athens, Alabama typically goes for $1,117 per month, while a single-family home for rent in Athens, Alabama has a monthly cost of around $1,732. Renter-occupied units make up 37% of the local housing market, while the rental vacancy rate in Athens, Alabama is at 5.9.
Athens, Alabama
Average Apartment Rent
$1,117
Y-o-Y Change in Average
Apartment Rent
3.5%
Average Single-Family Rent
$1,732
As of November 2024
Compared to a year ago, Athens, Alabama apartments have recorded a 3.5% rent increase.
Athens, Alabama Average apartment rent trend
Athens, Alabama Average Apartment Rent
Athens, Alabama Apartment rent ranges
At 60.73%, apartments priced $1,000 - $1,500 represent the bulk of Athens, Alabama rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.95%.
Athens, Alabama Housing tenure**
Renters take up 37% of Athens, Alabama real estate, occupying a total of 3,842 units, while homeowners live in 6,599 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$37,311
Average household size of renter-occupied housing units**
2.26
Rental vacancy rate**
5.9%
Athens, Alabama Renter-occupied housing units by no. of bedrooms**
There are 1,536 rentals in Athens, Alabama with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 66 units. Overall, the median number of rooms in Athens, Alabama homes for rent is 4.6.
Athens, Alabama Renter-occupied units by age of householder**
Most condos for rent in Athens, Alabama are occupied by residents in the 35 - 44 years age group (23%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Athens, Alabama Renter-occupied housing units by family type**
Athens, Alabama Renter-occupied housing units by the presence of own children**
A total of 1,919 apartments for rent in Athens, Alabama, or 50% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 1,189 units. All in all, the median size of a renter-occupied household in Athens, Alabama is 2.26.
Athens, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Athens, Alabama.
Athens, Alabama Renter-occupied units by year structure built**
The highest share of Athens, Alabama apartment rentals, namely 23% or 889 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (17%, 653 units), and the ones Built 1980 - 1989 (15%, 558 units).
Athens, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Athens, Alabama renters (53%) moved in 2010 to 2017, while only 4% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Athens, Alabama condos for rent is 2016.
Athens, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Athens, Alabama renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 10% have 3 vehicles available.
Athens, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Athens, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Athens, 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 Athens, 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
