Gulf Shores, 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 Gulf Shores, Alabama rental market.
Highlights
An apartment for rent in Gulf Shores, Alabama typically goes for $1,389 per month, while a single-family home for rent in Gulf Shores, Alabama has a monthly cost of around $2,483. Renter-occupied units make up 34% of the local housing market, while the rental vacancy rate in Gulf Shores, Alabama is at 61.3.
Gulf Shores, Alabama
Average Apartment Rent
$1,389
Y-o-Y Change in Average
Apartment Rent
-3.5%
Average Single-Family Rent
$2,483
As of November 2024
Compared to a year ago, Gulf Shores, Alabama apartments have recorded a -3.5% rent decrease.
Gulf Shores, Alabama Average apartment rent trend
Gulf Shores, Alabama Average Apartment Rent
Gulf Shores, Alabama Apartment rent ranges
At 48.27%, apartments priced $1,000 - $1,500 represent the bulk of Gulf Shores, Alabama rentals, while condos priced $500 - $700 hold the lowest share of the market – 2.21%.
Gulf Shores, Alabama Housing tenure**
Renters take up 34% of Gulf Shores, Alabama real estate, occupying a total of 2,358 units, while homeowners live in 4,623 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$41,645
Average household size of renter-occupied housing units**
1.84
Rental vacancy rate**
61.3%
Gulf Shores, Alabama Renter-occupied housing units by no. of bedrooms**
There are 1,192 rentals in Gulf Shores, Alabama with 2 beds making up the highest share of the market, at 51%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 34 units. Overall, the median number of rooms in Gulf Shores, Alabama homes for rent is 4.2.
Gulf Shores, Alabama Renter-occupied units by age of householder**
Most condos for rent in Gulf Shores, Alabama are occupied by residents in the 45 - 54 years age group (32%), 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 – 2%.
Gulf Shores, Alabama Renter-occupied housing units by family type**
Gulf Shores, Alabama Renter-occupied housing units by the presence of own children**
A total of 932 apartments for rent in Gulf Shores, Alabama, or 40% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 523 units. All in all, the median size of a renter-occupied household in Gulf Shores, Alabama is 1.84.
Gulf Shores, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Gulf Shores, Alabama.
Gulf Shores, Alabama Renter-occupied units by year structure built**
The highest share of Gulf Shores, Alabama apartment rentals, namely 41% or 956 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (18%, 433 units), and the ones Built 1980 - 1989 (16%, 378 units).
Gulf Shores, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Gulf Shores, Alabama renters (45%) moved in 2010 to 2017, while only 9% of them moved in 2021 or later. Overall, the median year renters have occupied their Gulf Shores, Alabama condos for rent is 2017.
Gulf Shores, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 68% of Gulf Shores, Alabama renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 4% have 3 vehicles available.
Gulf Shores, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Gulf Shores, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Gulf Shores, 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 Gulf Shores, 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
