Huntsville, 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 Huntsville, Alabama rental market.
Huntsville, Alabama
Average Apartment Rent
$1,241
Y-o-Y Change in Average
Apartment Rent
0.6%
As of November 2024
Compared to a year ago, Huntsville, Alabama apartments have recorded a 0.6% rent increase.
Huntsville, Alabama Average apartment rent trend
Huntsville, Alabama Average Apartment Rent
Huntsville, Alabama Apartment rent ranges
At 53.54%, apartments priced $1,000 - $1,500 represent the bulk of Huntsville, Alabama rentals, while condos priced $500 - $700 hold the lowest share of the market – 2.4%.
Huntsville, Alabama Housing tenure**
Renters take up 43% of Huntsville, Alabama real estate, occupying a total of 39,231 units, while homeowners live in 53,060 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$43,099
Average household size of renter-occupied housing units**
2.01
Rental vacancy rate**
5.4%
Huntsville, Alabama Renter-occupied housing units by no. of bedrooms**
There are 14,568 rentals in Huntsville, Alabama with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 370 units. Overall, the median number of rooms in Huntsville, Alabama homes for rent is 4.3.
Huntsville, Alabama Renter-occupied units by age of householder**
Most condos for rent in Huntsville, Alabama are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Huntsville, Alabama Renter-occupied housing units by family type**
Huntsville, Alabama Renter-occupied housing units by the presence of own children**
A total of 16,567 apartments for rent in Huntsville, Alabama, or 42% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 9,186 units. All in all, the median size of a renter-occupied household in Huntsville, Alabama is 2.01.
Huntsville, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Huntsville, Alabama.
Huntsville, Alabama Renter-occupied units by year structure built**
The highest share of Huntsville, Alabama apartment rentals, namely 18% or 7,161 units, were Built 1980 - 1989, followed by those Built 1960 - 1969 (16%, 6,278 units), and the ones Built 1970 - 1979 (14%, 5,527 units).
Huntsville, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Huntsville, Alabama renters (45%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Huntsville, Alabama condos for rent is 2018.
Huntsville, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Huntsville, Alabama renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 10% have No vehicle available.
Huntsville, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Huntsville, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Huntsville, 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 Huntsville, 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
