Theodore, 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 Theodore, Alabama rental market.
Theodore, Alabama
Average Apartment Rent
$1,176
Y-o-Y Change in Average
Apartment Rent
2.2%
As of March 2026
Compared to a year ago, Theodore, Alabama apartments have recorded a 2.2% rent increase.
Theodore, Alabama Average apartment rent trend
Theodore, Alabama Average Apartment Rent
Theodore, Alabama Apartment rent ranges
At 45.46%, apartments priced $1,000 - $1,500 represent the bulk of Theodore, Alabama rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.02%.
Theodore, Alabama Housing tenure**
Renters take up 17% of Theodore, Alabama real estate, occupying a total of 340 units, while homeowners live in 1,693 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$44,815
Average household size of renter-occupied housing units**
3.25
Rental vacancy rate**
6.2%
Theodore, Alabama Renter-occupied housing units by no. of bedrooms**
There are 152 rentals in Theodore, Alabama with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (6%), amounting to 19 units. Overall, the median number of rooms in Theodore, Alabama homes for rent is 5.
Theodore, Alabama Renter-occupied units by age of householder**
Most condos for rent in Theodore, Alabama are occupied by residents in the 25 - 34 years age group (44%), followed by those in the 45 - 54 years age group (39%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
Theodore, Alabama Renter-occupied housing units by family type**
Theodore, Alabama Renter-occupied housing units by the presence of own children**
A total of 216 apartments for rent in Theodore, Alabama, or 64% of all rentals are family households. Additionally, 62% of rental homes include children under the age of 18 – that’s 211 units. All in all, the median size of a renter-occupied household in Theodore, Alabama is 3.25.
Theodore, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 6% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Theodore, Alabama.
Theodore, Alabama Renter-occupied units by year structure built**
The highest share of Theodore, Alabama apartment rentals, namely 44% or 150 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (20%, 67 units), and the ones Built 1950 - 1959 (19%, 64 units).
Theodore, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Theodore, Alabama renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Theodore, Alabama condos for rent is 2019.
Theodore, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 28% of Theodore, Alabama renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 25% have No vehicle available.
Theodore, Alabama Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, 28% of Theodore, Alabama renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 25% have No vehicle available.
Theodore, 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 Theodore, 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
