Leeds, Alabama Rental Market Trends

Disclaimer:

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 Leeds, Alabama rental market.

Leeds, Alabama

Average Apartment Rent

$768

Y-o-Y Change in Average
Apartment Rent

11.5%

As of November 2024

Compared to a year ago, Leeds, Alabama apartments have recorded a 11.5% rent increase.

Leeds, Alabama Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Leeds $625 $641 $654 $693 $683 $706 $689 $729 $762 $768
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Leeds
National
Nov 2021
$625
$1,596
Mar 2022
$641
$1,635
Jul 2022
$654
$1,708
Nov 2022
$693
$1,726
Mar 2023
$683
$1,714
Jul 2023
$706
$1,739
Nov 2023
$689
$1,733
Mar 2024
$729
$1,727
Jul 2024
$762
$1,752
Nov 2024
$768
$1,748

Leeds, Alabama Average Apartment Rent

Leeds, Alabama Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 56.48%, apartments priced $700 - $1000 represent the bulk of Leeds, Alabama rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 10.19%.

Leeds, Alabama Housing tenure**

Renter occupied housing units 1,218
Owner occupied housing units 3,485

Renters take up 26% of Leeds, Alabama real estate, occupying a total of 1,218 units, while homeowners live in 3,485 properties.

Median number of rooms of renter-occupied housing units**

4.8

Renter median household income**

$51,827

Average household size of renter-occupied housing units**

2.82

Rental vacancy rate**

5.8%

Leeds, Alabama Renter-occupied housing units by no. of bedrooms**

No bedrooms 7
1 bed 166
2 beds 435
3 beds 506
4 beds 97
5 or more beds 7

There are 506 rentals in Leeds, Alabama with 3 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 7 units. Overall, the median number of rooms in Leeds, Alabama homes for rent is 4.8.

Leeds, Alabama Renter-occupied units by age of householder**

15 - 24 years 71
25 - 34 years 241
35 - 44 years 263
45 - 54 years 274
55 - 59 years 58
60 - 64 years 112
65 - 74 years 174
75 - 84 years 25

Most condos for rent in Leeds, Alabama are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.

Leeds, Alabama Renter-occupied housing units by family type**

Family households 763
Non-Family Households 455

Leeds, Alabama Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 372
No related children of the householder under 18 846

A total of 763 apartments for rent in Leeds, Alabama, or 63% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 372 units. All in all, the median size of a renter-occupied household in Leeds, Alabama is 2.82.

Leeds, Alabama Renter-occupied housing units by educational attainment**

Less than high school graduate 217
High school graduate (including equivalency) 355
Some college or associate's degree 369
Bachelor's degree or higher 277

In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Leeds, Alabama.

Leeds, Alabama Renter-occupied units by year structure built**

Built 2010 - 2019 11
Built 2000 - 2009 15
Built 1990 - 1999 277
Built 1980 - 1989 65
Built 1970 - 1979 416
Built 1960 - 1969 130
Built 1950 - 1959 118
Built 1940 - 1949 82
Built 1939 or earlier 104

The highest share of Leeds, Alabama apartment rentals, namely 34% or 416 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (23%, 277 units), and the ones Built 1960 - 1969 (11%, 130 units).

Leeds, Alabama Renter-occupied units by year householder moved in**

Moved in 2021 or later 87
Moved in 2018 to 2020 334
Moved in 2010 to 2017 680
Moved in 2000 to 2009 79
Moved in 1990 to 1999 12
Moved in 1989 or earlier 26

Median year renter moved into unit 2016

Most Leeds, Alabama renters (56%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Leeds, Alabama condos for rent is 2016.

Leeds, Alabama Renter-occupied housing units by vehicles available**

No vehicle available 10
1 vehicle available 531
2 vehicles available 382
3 vehicles available 255
4 vehicles available 28
5 or more vehicles available 12

When it comes to transportation options, 44% of Leeds, Alabama renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 21% have 3 vehicles available.

Leeds, Alabama Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 1,293
Car, truck, or van - carpooled 440
Walked 27
Worked at home 68

Leeds, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 2,551
Moved within same county 465
Moved from different county within same state 237
Moved from different state 31
Moved from abroad 146

Leeds, 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 Leeds, 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

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