Broadstreet at EastChase
8462 Eastchase Pky,
Montgomery, AL 36117
1-3 Beds | $1,256 - $2,237
Rental Market Trends in Montgomery, AL
What is the average rent in Montgomery, AL?
$881/month
Average Rent
754 Sq Ft
Average Apartment Size
+3%
Increase in the Last Year
As of March 2025, the average rent in Montgomery, AL is $881 per month. This is 43% lower than the national average rent of $1,557/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 $695 per month for a studio, $881 for a one-bedroom apartment, and around $1,030 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,212 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%, 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 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
20%
Below $700/month
43%
$700 - $1,000/month
30%
$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, Highland Park, North and North Montgomery 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, Garden District and Edgewood 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 $881, you’ll want to make about $2,936 per month or $35,232 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.
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 $695 - $1,212. 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
-
$688/month
Two Bedroom
$705/month
-
Three Bedroom
-
-
Nearby City Rent Trends
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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.