City Report · AL

Enterprise

Pop. 29,505·41st most expensive in Alabama·Rental market data updated monthly for Enterprise, AL
Median rent (all units)
$1,436/mo
Year-over-Year
+1.3%
Month-over-Month
Stable
vs US Median
-$529
Stable (Monthly)
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Most AffordableMost Expensive
Enterprise · $1,436
More affordable than 79% of US cities · National median $1,965/mo
Rent Reality Score
55/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Enterprise's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,436/mo
Expected by trend
$1,474/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
Research median
$870/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,232/yr
At $1,436/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.3% YoY, +0.0% MoM), not inventory.
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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 → $1,436
up 34.8%
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 $371 per month, settling near $1,436 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 20.3 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

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View Enterprise rent history (2015–2026) →
Salary vs rent

Can you afford rent in Enterprise on your salary?

At $1,436/mo, how Enterprise rent compares to typical pay (30% rule).

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: July 20, 2026

The median rent in Enterprise is $1,436/mo as of July 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 1.3% over the past year.

FAQ

Frequently asked questions

Is Enterprise an affordable city for renters?

Enterprise is considered very affordable for renters. At $1,436/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 $57,000/year (~$27/hour full-time) to afford the median rent of $1,436/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 1.3% over the past year as of July 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 #41 out of 70 tracked cities at $1,436/mo.

Which nearby cities are cheaper to rent in than Enterprise?

Several nearby cities have lower median rents than Enterprise ($1,436/mo): Daleville ($958/mo), Troy ($1,017/mo), Dothan ($1,207/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 $1,436/mo is $529 (27%) below the US national median of $1,965/mo. Within Alabama, it ranks #41 out of 70 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,436/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 →
Lowest-rent ZIP codes in Enterprise
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Enterprise, AL

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