Average Rent in Greene County, AL↓ Rents falling 34.9% YoY🔻 Cheapest in AL

Greene County, AL has rental prices ranging from $479/month to $860/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $556/month — 60% below the national average of $1,400/month. With a median household income of $31,495/year, spending $556/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Greene County Compares

With an average 2-bedroom rent of $634/month, Greene County ranks #58 most expensive of the 58 cities tracked in Alabama — more affordable than 100% of all US cities in our data.

The Greene County Rental Market

The Greene County, AL area has a population of about 7,589 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Greene County, AL have fallen by $340/month (34.9%) over the past year, from $974 to $634. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Greene County, AL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $22,240. The local median household income of $31,495 exceeds that threshold by $9,255, making Greene County relatively accessible compared to local wages.

Economy & Jobs

Greene County, AL has an unemployment rate of 6.7%, 2.8 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Greene County, AL Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Greene County?

Break-even analysis and mortgage estimates based on local market data.

Living in Greene County

Cost of living, job market, crime rates, and moving cost estimates.