Birmingham, 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 Birmingham, Alabama rental market.
Highlights
An apartment for rent in Birmingham, Alabama typically goes for $1,309 per month, while a single-family home for rent in Birmingham, Alabama has a monthly cost of around $1,289. Renter-occupied units make up 54% of the local housing market, while the rental vacancy rate in Birmingham, Alabama is at 8.8.
Birmingham, Alabama
Average Apartment Rent
$1,309
Y-o-Y Change in Average
Apartment Rent
-0.4%
Average Single-Family Rent
$1,289
As of November 2024
Compared to a year ago, Birmingham, Alabama apartments have recorded a -0.4% rent decrease.
Birmingham, Alabama Average apartment rent trend
Birmingham, Alabama Average Apartment Rent
Birmingham, Alabama Apartment rent ranges
At 51.11%, apartments priced $1,000 - $1,500 represent the bulk of Birmingham, Alabama rentals, while condos priced Under $500 hold the lowest share of the market – 0.16%.
Birmingham, Alabama Housing tenure**
Renters take up 54% of Birmingham, Alabama real estate, occupying a total of 45,966 units, while homeowners live in 39,033 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$33,103
Average household size of renter-occupied housing units**
2.1
Rental vacancy rate**
8.8%
Birmingham, Alabama Renter-occupied housing units by no. of bedrooms**
There are 19,348 rentals in Birmingham, Alabama with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 261 units. Overall, the median number of rooms in Birmingham, Alabama homes for rent is 4.3.
Birmingham, Alabama Renter-occupied units by age of householder**
Most condos for rent in Birmingham, Alabama are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Birmingham, Alabama Renter-occupied housing units by family type**
Birmingham, Alabama Renter-occupied housing units by the presence of own children**
A total of 18,582 apartments for rent in Birmingham, Alabama, or 40% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 10,943 units. All in all, the median size of a renter-occupied household in Birmingham, Alabama is 2.1.
Birmingham, Alabama Renter-occupied housing units by educational attainment**
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 12% of the homes for rent in Birmingham, Alabama.
Birmingham, Alabama Renter-occupied units by year structure built**
The highest share of Birmingham, Alabama apartment rentals, namely 17% or 7,863 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (15%, 6,741 units), and the ones Built 1950 - 1959 (13%, 5,963 units).
Birmingham, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Birmingham, Alabama renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Birmingham, Alabama condos for rent is 2017.
Birmingham, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Birmingham, Alabama renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 18% have No vehicle available.
Birmingham, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Birmingham, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Birmingham, 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 Birmingham, 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
