How much does it cost to rent in Enterprise, AL?

As of August 2026, the median monthly rent in Enterprise, AL is $1,456. This figure is based on aggregated data from public sources and community-submitted rents.

Is Enterprise cheaper than other Alabama cities?

Enterprise falls in the middle range for Alabama, ranking #38 out of 70 cities at $1,456/mo.

When was Enterprise rent data last updated?

Enterprise rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Enterprise, AL?

HUD sets the Fair Market Rent for a two-bedroom home in Enterprise, AL at $870 per month, which is 40% below the $1,456 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · AL

Enterprise

Name: Average Rent Prices in Enterprise, AL
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 29,505·38th most expensive in Alabama·Rental market data updated monthly for Enterprise, AL

Median rent (all units)

$1,456/mo

Year-over-Year

+2.5%

Month-over-Month

+1.4%

vs US Median

-$506

Rising (Monthly)

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Most AffordableMost Expensive

Enterprise · $1,456

More affordable than 79% of US cities · National median $1,962/mo

Rent Reality Score

54/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Enterprise's 10-year trend predicts.

Actual rent

$1,456/mo

Expected by trend

$1,482/mo

The Rent Reality Score compares today's median rent to where Enterprise's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$670

1 BR

$680

2 BR

$870

3 BR

$1,220

4 BR+

$1,330

Fair Market Rent (HUD)

$870/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,456 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$17,472/yr

At $1,456/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +1.4% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Enterprise, AL is majority owner-occupied, has a large share of families with children, 25.1% of residents hold a bachelor's degree or higher.

Population

29,505

Median income

$73,125

Median age

36.5

Renters

36.5%

Age distribution

25.5%

22%

26.3%

15%

Under 1825.5%

18–3422%

35–5426.3%

55–6411.2%

65+15%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

65.1%

20.4%

White65.1%

Black20.4%

Hispanic11.9%

Asian1.5%

Other1%

Education (25+)

28.3%

36.4%

25.1%

No HS diploma10.2%

HS diploma28.3%

Some college36.4%

Bachelor's+25.1%

Housing tenure

63.5%

36.5%

Owner63.5%

Renter36.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Enterprise, AL has changed in 5 years

Rent

$1,065 → $1,456

up 36.7%

Income

$63,859 → $73,125

up 14.5%

Population

28,242 → 29,505

up 4.5%

Renter share

40.5% → 36.5%

-4.0 pts

Bachelor's+

27.8% → 25.1%

-2.7 pts

Median age

37 → 36.5

-0.5 yrs

Compared with 2021, rent in Enterprise, AL has increased by $391 per month, settling near $1,456 after starting the period at $1,065. Census figures show median household income at $73,125 today, compared with $63,859 five years earlier. Rent outpaced income growth by roughly 22.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,242 to 29,505 between 2021 and 2024, a 4.5% change. About 36.5% of households rent today, against 40.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 27.8% to 25.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Enterprise

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View Enterprise rent history (2015–2026) →

Salary vs rent

Can you afford rent in Enterprise on your salary?

At $1,456/mo, how Enterprise rent compares to typical pay (30% rule).

Registered Nurse

Avg $81,253/yr · Rent = 21.5% income

affordable

Elementary School Teacher

Avg $57,689/yr · Rent = 30.3% income

stretched

Police Officer

Avg $66,452/yr · Rent = 26.3% income

affordable

Software Developer

Avg $118,775/yr · Rent = 14.7% income

very comfortable

Lawyer

Avg $151,764/yr · Rent = 11.5% income

very comfortable

Firefighter

Avg $54,017/yr · Rent = 32.3% income

stretched

Truck Driver

Avg $48,771/yr · Rent = 35.8% income

stretched

Electrician

Avg $60,114/yr · Rent = 29.1% income

affordable

By apartment size

Enterprise rent by bedroom count

Median rent for each apartment size in Enterprise. Click any size for full breakdown.

Local insights

Tips for renters in Enterprise

About renting in Enterprise, AL

Last updated: August 17, 2026

The median rent in Enterprise is $1,456/mo as of August 2026. A studio apartment averages $670/mo while a 2-bedroom runs $870/mo. One-bedroom apartments average $680/mo and 3-bedroom units go for $1,220/mo.

At 24% of local median household income ($73,125/yr), Enterprise ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

Is Enterprise an affordable city for renters?

Enterprise is considered very affordable for renters. At $1,456/mo, rent takes approximately 24% of the local median household income ($73,125/yr). The standard benchmark is 30%. Enterprise falls comfortably within that range.

How much income do you need to rent in Enterprise?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,456/mo in Enterprise. The local median household income is $73,125/yr, meaning the typical Enterprise household meets that threshold.

Is rent going up or down in Enterprise?

Rent in Enterprise has increased 2.5% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Enterprise rent compare to other cities in Alabama?

Enterprise is middle-of-the-pack for Alabama for rent, ranking #38 out of 70 tracked cities at $1,456/mo.

Which nearby cities are cheaper to rent in than Enterprise?

Several nearby cities have lower median rents than Enterprise ($1,456/mo): Daleville ($958/mo), Troy ($1,038/mo), Dothan ($1,264/mo).

What percentage of Enterprise residents rent vs. own?

According to Census data, approximately 36.5% of Enterprise households are renters, while 63.5% are owner-occupied. Enterprise leans toward homeownership, which can mean a smaller rental inventory.

How does Enterprise rent compare to the national average?

Enterprise's median rent of $1,456/mo is $506 (26%) below the US national median of $1,962/mo. Within Alabama, it ranks #38 out of 70 tracked cities.

Income Affordability

24%

VERY AFFORDABLE

At $1,456/mo, rent takes ~24% of Enterprise's median household income ($73,125/yr). The standard benchmark is 30%.

Enterprise 24%Benchmark 30%

State income tax2–5%

Run the Enterprise affordability calculator →

Nearby cities