Average Rent in Montgomery, AL↓ Rents falling 3.4% YoY

Montgomery, AL has rental prices ranging from $848/month to $1,665/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $888/month — 37% below the national average of $1,400/month. With a median household income of $62,746/year, spending $888/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Montgomery Compares

With an average 2-bedroom rent of $1,055/month, Montgomery ranks #10 most expensive of the 58 cities tracked in Alabama — pricier than 71% of all US cities in our data.

The Montgomery Rental Market

The Montgomery, AL area has a population of about 385,159 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Montgomery, AL have fallen by $37/month (3.4%) over the past year, from $1,092 to $1,055. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Montgomery, AL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $35,520. The local median household income of $62,746 exceeds that threshold by $27,226, making Montgomery relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Montgomery, AL is $152,703, giving a price-to-rent ratio of 12.1. The break-even point between renting and buying is roughly 12 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Is Montgomery, AL Affordable?

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

Rent or Buy in Montgomery?

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

Living in Montgomery

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