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Rental Market Trends in Florence, AL
What is the average rent in Florence, AL?
$581/month
Average Rent
706 Sq Ft
Average Apartment Size
+2.9%
Increase in the Last Year
As of January 2025, the average rent in Florence, AL is $581 per month. This is 63% lower than the national average rent of $1,553/month, making renting in Florence more affordable than most cities in the US. When you rent an apartment in Florence, you can expect to pay about $540 per month for a studio, $581 for a one-bedroom apartment, and around $796 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $866 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 Florence, AL?
In the past year, rent has increased by 2.9%, which averages out to $18 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 January 2025
Legend
2024
2025
Rent Ranges in Florence, AL
Last Updated January 2025
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
53%
Below $700/month
41%
$700 - $1,000/month
6%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Florence, AL?
Because the average rent in Florence is $581, you’ll want to make about $1,936 per month or $23,232 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.
How does Florence, AL compare to other nearby cities and neighborhoods?
Use the tool below to compare Florence, 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.
Nearby City Rent Trends
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Property Management Companies in Florence, AL
Sundance Property Management, Inc
-
43
Communities
-
3,193
Units
-
26
Cities
3 Communities in Florence
Arlington Properties
-
104
Communities
-
25,049
Units
-
62
Cities
1 Community in Florence
The Gateway Companies
-
57
Communities
-
8,485
Units
-
46
Cities
1 Community in Florence
Henssler Property Management
-
12
Communities
-
2,035
Units
-
12
Cities
1 Community in Florence
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Methodology
† 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.
* Percentages may not total 100 due to rounding.