Park at Hoover
2135 Centennial Dr,
Hoover, AL 35216
Studio - 3 Beds | $660 - 1,399
Rental Market Trends in Hoover, AL
What is the average rent in Hoover, AL?
$1,075/month
Average Rent
819 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of November 2024, the average rent in Hoover, AL is $1,075 per month. This is 31% lower than the national average rent of $1,559/month, making renting in Hoover more affordable than most cities in the US. When you rent an apartment in Hoover, you can expect to pay about $673 per month for a studio, $1,075 for a one-bedroom apartment, and around $1,254 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,468 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 Hoover, AL?
In the past year, rent has increased by 2.3%, which averages out to $25 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 November 2024
Legend
2023
2024
Rent Ranges in Hoover, AL
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
81%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Hoover?
Based on current rent prices, Hoover/Vestavia Hills is the most affordable neighborhood in Hoover.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hoover?
Based on current rent prices, Hoover/Vestavia Hills is the most expensive neighborhood in Hoover.
Neighborhood
Average Rent
Average Sq Ft
Which Hoover neighborhoods have the most rentals available?
The neighborhood in Hoover with the most apartments available is Hoover/Vestavia Hills .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hoover, AL?
Because the average rent in Hoover is $1,075, you’ll want to make about $3,583 per month or $42,996 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 Hoover, AL compare to other nearby cities and neighborhoods?
Use the tool below to compare Hoover, 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.
Studio
$695/month
$695/month
One Bedroom
$1,064/month
$1,064/month
Two Bedroom
$1,245/month
$1,245/month
Three Bedroom
$1,489/month
$1,489/month
Nearby City Rent Trends
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S & S Property Management
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Abbey Residential, LLC
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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.