Montgomery, 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 Montgomery, Alabama rental market.
Montgomery, Alabama
Average Apartment Rent
$1,087
Y-o-Y Change in Average
Apartment Rent
-1.2%
As of May 2026
Compared to a year ago, Montgomery, Alabama apartments have recorded a -1.2% rent decrease.
Montgomery, Alabama Average apartment rent trend
Montgomery, Alabama Average Apartment Rent
Montgomery, Alabama Apartment rent ranges
At 53.54%, apartments priced Under $1,000 represent the bulk of Montgomery, Alabama rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 14.57%.
Montgomery, Alabama Housing tenure**
Renters take up 46% of Montgomery, Alabama real estate, occupying a total of 36,947 units, while homeowners live in 42,542 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$36,442
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
8%
Montgomery, Alabama Renter-occupied housing units by no. of bedrooms**
There are 13,643 rentals in Montgomery, Alabama with 3 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 228 units. Overall, the median number of rooms in Montgomery, Alabama homes for rent is 4.7.
Montgomery, Alabama Renter-occupied units by age of householder**
Most condos for rent in Montgomery, Alabama are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 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%.
Montgomery, Alabama Renter-occupied housing units by family type**
Montgomery, Alabama Renter-occupied housing units by the presence of own children**
A total of 18,751 apartments for rent in Montgomery, Alabama, or 51% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 13,394 units. All in all, the median size of a renter-occupied household in Montgomery, Alabama is 2.39.
Montgomery, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Montgomery, Alabama.
Montgomery, Alabama Renter-occupied units by year structure built**
The highest share of Montgomery, Alabama apartment rentals, namely 22% or 7,984 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (15%, 5,588 units), and the ones Built 1980 - 1989 (15%, 5,407 units).
Montgomery, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Montgomery, Alabama renters (41%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Montgomery, Alabama condos for rent is 2018.
Montgomery, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Montgomery, Alabama renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 12% have No vehicle available.
Montgomery, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Montgomery, 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 Montgomery, 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
