Albany Landing Apartments
416 Hay Dr SW,
Decatur, AL 35603
1-2 Beds | $900 - $1,199
Rental Market Trends in Decatur, AL
What is the average rent in Decatur, AL?
$766/month
Average Rent
626 Sq Ft
Average Apartment Size
+3.4%
Increase in the Last Year
As of June 2025, the average rent in Decatur, AL is $766 per month. This is 53% lower than the national average rent of $1,627/month, making renting in Decatur more affordable than most cities in the US. When you rent an apartment in Decatur, you can expect to pay about $915 per month for a studio, $766 for a one-bedroom apartment, and around $946 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,123 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Decatur, AL?
In the past year, rent has increased by 3.4%, which averages out to $27 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Decatur, AL
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
27%
Below $700/month
39%
$700 - $1,000/month
33%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Decatur?
Based on current rent prices, Downtown Decatur and Almon Place" are the most affordable neighborhoods in Decatur.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Decatur?
Based on current rent prices, Almon Place and Downtown Decatur" are the most expensive neighborhoods in Decatur.
Neighborhood
Average Rent
Average Sq Ft
Which Decatur neighborhoods have the most rentals available?
The neighborhoods in Decatur with the most apartments available are Downtown Decatur and Almon Place" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Decatur, AL?
Because the average rent in Decatur is $766, you’ll want to make about $2,553 per month or $30,636 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Decatur, AL is 15.7% lower than the national average. Generally, housing in Decatur is 32.9% less expensive than the national average, with rent falling between $766 - $1,123. You can expect to pay 4.4% less for groceries, 6.5% less for utilities, and 9.6% less for transportation.
How does Decatur, AL compare to other nearby cities and neighborhoods?
Use the tool below to compare Decatur, AL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Studio
$920/month
-
One Bedroom
$739/month
-
Two Bedroom
$828/month
-
Three Bedroom
$1,086/month
-
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.