Fairhope, 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 Fairhope, Alabama rental market.
Fairhope, Alabama
Average Apartment Rent
$1,495
Y-o-Y Change in Average
Apartment Rent
-1.5%
As of March 2026
Compared to a year ago, Fairhope, Alabama apartments have recorded a -1.5% rent decrease.
Fairhope, Alabama Average apartment rent trend
Fairhope, Alabama Average Apartment Rent
Fairhope, Alabama Apartment rent ranges
At 59.73%, apartments priced $1,000 - $1,500 represent the bulk of Fairhope, Alabama rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 40.27%.
Fairhope, Alabama Housing tenure**
Renters take up 19% of Fairhope, Alabama real estate, occupying a total of 1,647 units, while homeowners live in 7,135 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$44,732
Average household size of renter-occupied housing units**
2.06
Rental vacancy rate**
11.6%
Fairhope, Alabama Renter-occupied housing units by no. of bedrooms**
There are 650 rentals in Fairhope, Alabama with 3 beds making up the highest share of the market, at 39%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 25 units. Overall, the median number of rooms in Fairhope, Alabama homes for rent is 4.9.
Fairhope, Alabama Renter-occupied units by age of householder**
Most condos for rent in Fairhope, Alabama are occupied by residents in the 45 - 54 years age group (16%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Fairhope, Alabama Renter-occupied housing units by family type**
Fairhope, Alabama Renter-occupied housing units by the presence of own children**
A total of 703 apartments for rent in Fairhope, Alabama, or 43% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 279 units. All in all, the median size of a renter-occupied household in Fairhope, Alabama is 2.06.
Fairhope, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Fairhope, Alabama.
Fairhope, Alabama Renter-occupied units by year structure built**
The highest share of Fairhope, Alabama apartment rentals, namely 26% or 423 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (19%, 318 units), and the ones Built 1970 - 1979 (17%, 275 units).
Fairhope, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Fairhope, Alabama renters (37%) moved in 2010 to 2017, while only 11% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Fairhope, Alabama condos for rent is 2018.
Fairhope, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Fairhope, Alabama renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 11% have 3 or more vehicles available.
Fairhope, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Fairhope, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Fairhope, 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
