Addison Park
101 S Burbank Dr,
Montgomery, AL 36117
1-3 Beds | $906 - $1,251
Rental Market Trends in Montgomery, AL
What is the average rent in Montgomery, AL?
$888/month
Average Rent
754 Sq Ft
Average Apartment Size
+3.1%
Increase in the Last Year
As of March 2025, the average rent in Montgomery, AL is $888 per month. This is 43% lower than the national average rent of $1,559/month, making renting in Montgomery more affordable than most cities in the US. When you rent an apartment in Montgomery, you can expect to pay about $710 per month for a studio, $888 for a one-bedroom apartment, and around $1,041 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,216 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 Montgomery, AL?
In the past year, rent has increased by 3.1%, which averages out to $28 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 March 2025
Legend
2024
2025
Rent Ranges in Montgomery, AL
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
19%
Below $700/month
43%
$700 - $1,000/month
31%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Montgomery?
Based on current rent prices, West Montgomery, Highland Park and Forest Park are the most affordable neighborhoods in Montgomery.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Montgomery?
Based on current rent prices, Cottage Hill, Edgewood and South Hull are the most expensive neighborhoods in Montgomery.
Neighborhood
Average Rent
Average Sq Ft
Which Montgomery neighborhoods have the most rentals available?
The neighborhoods in Montgomery with the most apartments available are East Montgomery, South Montgomery and Downtown Montgomery .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Montgomery, AL?
Because the average rent in Montgomery is $888, you’ll want to make about $2,960 per month or $35,520 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 Montgomery, AL is 11.3% lower than the national average. Generally, housing in Montgomery is 24.7% less expensive than the national average, with rent falling between $710 - $1,216. You can expect to pay 2.5% less for groceries, 7.9% more for utilities, and 8.0% less for transportation.
How does Montgomery, AL compare to other nearby cities and neighborhoods?
Use the tool below to compare Montgomery, 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
-
-
One Bedroom
$552/month
$688/month
Two Bedroom
$653/month
-
Three Bedroom
$753/month
-
Apartment communities in Montgomery we think you'll love
Property Management Companies in Montgomery, AL
Foshee Residential Management Company
-
26
Communities
-
7,029
Units
-
10
Cities
6 Communities in Montgomery
Arbour Valley Communities
-
31
Communities
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4,076
Units
-
23
Cities
5 Communities in Montgomery
Kushner Companies
-
61
Communities
-
19,526
Units
-
46
Cities
3 Communities in Montgomery
Highlands Vista Group Management LLC
-
39
Communities
-
6,280
Units
-
29
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3 Communities in Montgomery
Ascent Residential
-
23
Communities
-
5,702
Units
-
17
Cities
3 Communities in Montgomery
Multi-South Management
-
33
Communities
-
7,857
Units
-
10
Cities
3 Communities in Montgomery
Hawthorne Residential Partners
-
262
Communities
-
63,061
Units
-
120
Cities
2 Communities in Montgomery
S & S Property Management
-
38
Communities
-
4,790
Units
-
22
Cities
2 Communities in Montgomery
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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 February 2025.
* Percentages may not total 100 due to rounding.