Tuscaloosa City, 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 Tuscaloosa City, Alabama rental market.
Tuscaloosa City, Alabama
Average Apartment Rent
$1,465
Y-o-Y Change in Average
Apartment Rent
11.1%
As of November 2024
Compared to a year ago, Tuscaloosa City, Alabama apartments have recorded a 11.1% rent increase.
Tuscaloosa City, Alabama Average apartment rent trend
Tuscaloosa City, Alabama Average Apartment Rent
Tuscaloosa City, Alabama Apartment rent ranges
At 34.28%, apartments priced $1,000 - $1,500 represent the bulk of Tuscaloosa City, Alabama rentals, while condos priced Under $500 hold the lowest share of the market – 1.24%.
Tuscaloosa City, Alabama Housing tenure**
Renters take up 54% of Tuscaloosa City, Alabama real estate, occupying a total of 21,245 units, while homeowners live in 17,852 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$30,578
Average household size of renter-occupied housing units**
2.22
Rental vacancy rate**
4.9%
Tuscaloosa City, Alabama Renter-occupied housing units by no. of bedrooms**
There are 8,503 rentals in Tuscaloosa City, Alabama with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 151 units. Overall, the median number of rooms in Tuscaloosa City, Alabama homes for rent is 4.1.
Tuscaloosa City, Alabama Renter-occupied units by age of householder**
Most condos for rent in Tuscaloosa City, Alabama are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 15 - 24 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Tuscaloosa City, Alabama Renter-occupied housing units by family type**
Tuscaloosa City, Alabama Renter-occupied housing units by the presence of own children**
A total of 7,793 apartments for rent in Tuscaloosa City, Alabama, or 37% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 4,516 units. All in all, the median size of a renter-occupied household in Tuscaloosa City, Alabama is 2.22.
Tuscaloosa City, Alabama Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Tuscaloosa City, Alabama.
Tuscaloosa City, Alabama Renter-occupied units by year structure built**
The highest share of Tuscaloosa City, Alabama apartment rentals, namely 19% or 3,966 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (17%, 3,585 units), and the ones Built 1990 - 1999 (14%, 3,039 units).
Tuscaloosa City, Alabama Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Tuscaloosa City, Alabama renters (40%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Tuscaloosa City, Alabama condos for rent is 2018.
Tuscaloosa City, Alabama Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Tuscaloosa City, Alabama renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 15% have No vehicle available.
Tuscaloosa City, Alabama Means of transportation to work of householders living in renter-occupied housing units**
Tuscaloosa City, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
Tuscaloosa City, 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 Tuscaloosa City, 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
