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

As of August 2026, the median monthly rent in Fairhope, AL is $2,073. This figure is based on aggregated data from public sources and community-submitted rents.

Is Fairhope cheaper than other Alabama cities?

Fairhope is one of the pricier cities in Alabama, ranking #5 out of 70 cities tracked at $2,073/mo.

When was Fairhope rent data last updated?

Fairhope 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 Fairhope, AL?

HUD sets the Fair Market Rent for a two-bedroom home in Fairhope, AL at $1,460 per month, which is 30% below the $2,073 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

Fairhope

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

Pop. 24,190·5th most expensive in Alabama·Rental market data updated monthly for Fairhope, AL

Median rent (all units)

$2,073/mo

Year-over-Year

+3.8%

Month-over-Month

-7.5%

vs US Median

+$111

Falling (Monthly)

Be the first to discuss Fairhope rents ↓

Most AffordableMost Expensive

Fairhope · $2,073

More expensive than 63% of US cities · National median $1,962/mo

Rent Reality Score

62/100

Good value

OverheatedFairGreat value

Rents are 6% below what Fairhope's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,073/mo

Expected by trend

$2,204/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,140

1 BR

$1,220

2 BR

$1,460

3 BR

$1,820

4 BR+

$2,320

Fair Market Rent (HUD)

$1,460/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,073 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

$24,876/yr

At $2,073/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 3.8% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+3.8% YoY, -7.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Fairhope, AL is majority owner-occupied, has a large retiree population, has a median income above the national average, 53.5% of residents hold a bachelor's degree or higher.

Population

24,190

Median income

$94,274

Median age

48.2

Renters

19.6%

Age distribution

21.3%

12.3%

25%

15.4%

26%

Under 1821.3%

18–3412.3%

35–5425%

55–6415.4%

65+26%

Gender

46.8%

53.2%

Male46.8%

Female53.2%

Race & ethnicity

88.9%

White88.9%

Black3.2%

Hispanic4.7%

Asian0.6%

Other2.5%

Education (25+)

14.2%

27.3%

53.5%

No HS diploma4.9%

HS diploma14.2%

Some college27.3%

Bachelor's+53.5%

Housing tenure

80.4%

19.6%

Owner80.4%

Renter19.6%

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

2022 vs 2026

How Fairhope, AL has changed in 5 years

Rent

$1,695 → $2,073

up 22.3%

Income

$83,258 → $94,274

up 13.2%

Population

21,825 → 24,190

up 10.8%

Renter share

17% → 19.6%

+2.6 pts

Bachelor's+

54% → 53.5%

-0.5 pts

Median age

43.1 → 48.2

+5.1 yrs

The median rent in Fairhope, AL stood at $1,695 in 2022 and currently runs about $2,073, reflecting a 22.3% increase over the period. Household income in the area moved from $83,258 to $94,274 across the same window, up 13.2% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 10.8% since 2021, moving from about 21,825 residents to roughly 24,190. Renters now make up 19.6% of households, compared with 17% five years ago. Reading these numbers side by side helps frame whether current listings in Fairhope, AL look reasonable against where the market sat half a decade ago.

Community

Discussions about Fairhope

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View Fairhope rent history (2015–2026) →

Salary vs rent

Can you afford rent in Fairhope on your salary?

At $2,073/mo, how Fairhope rent compares to typical pay (30% rule).

Registered Nurse

Avg $81,253/yr · Rent = 30.6% income

stretched

Elementary School Teacher

Avg $57,689/yr · Rent = 43.1% income

rent-burdened

Police Officer

Avg $66,452/yr · Rent = 37.4% income

stretched

Software Developer

Avg $118,775/yr · Rent = 20.9% income

affordable

Lawyer

Avg $151,764/yr · Rent = 16.4% income

very comfortable

Firefighter

Avg $54,017/yr · Rent = 46.1% income

rent-burdened

Truck Driver

Avg $48,771/yr · Rent = 51% income

severely rent-burdened

Electrician

Avg $60,114/yr · Rent = 41.4% income

rent-burdened

By apartment size

Fairhope rent by bedroom count

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

Local insights

Tips for renters in Fairhope

About renting in Fairhope, AL

Last updated: August 17, 2026

The median rent in Fairhope is $2,073/mo as of August 2026. A studio apartment averages $1,140/mo while a 2-bedroom runs $1,460/mo. One-bedroom apartments average $1,220/mo and 3-bedroom units go for $1,820/mo.

At 26% of local median household income ($94,274/yr), Fairhope ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

Is Fairhope an affordable city for renters?

Fairhope is considered affordable for renters. At $2,073/mo, rent takes approximately 26% of the local median household income ($94,274/yr). The standard benchmark is 30%. Fairhope falls comfortably within that range.

How much income do you need to rent in Fairhope?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,073/mo in Fairhope. The local median household income is $94,274/yr, meaning the typical Fairhope household meets that threshold.

Is rent going up or down in Fairhope?

Rent in Fairhope has increased 3.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Fairhope rent compare to other cities in Alabama?

Fairhope is one of the pricier cities in Alabama for rent, ranking #5 out of 70 tracked cities at $2,073/mo.

Which nearby cities are cheaper to rent in than Fairhope?

Several nearby cities have lower median rents than Fairhope ($2,073/mo): Mobile ($1,293/mo), Daphne ($1,552/mo), Spanish Fort ($1,632/mo).

What percentage of Fairhope residents rent vs. own?

According to Census data, approximately 19.6% of Fairhope households are renters, while 80.4% are owner-occupied. Fairhope leans toward homeownership, which can mean a smaller rental inventory.