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

As of July 2026, the median monthly rent in Florence, AL is $1,228. This figure is based on aggregated data from public sources and community-submitted rents.

Is Florence cheaper than other Alabama cities?

Florence is among the more affordable cities in Alabama, ranking #57 out of 70 cities at $1,228/mo.

When was Florence rent data last updated?

Florence rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · AL

Florence

Name: Average Rent Prices in Florence, AL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 41,701·57th most expensive in Alabama·One of the most affordable rental markets in the US

Median rent (all units)

$1,228/mo

Year-over-Year

+1.6%

Month-over-Month

Stable

vs US Median

-$737

Stable (Monthly)

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Most AffordableMost Expensive

Florence · $1,228

More affordable than 91% of US cities · National median $1,965/mo

Rent Reality Score

61/100

Good value

OverheatedFairGreat value

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

Actual rent

$1,228/mo

Expected by trend

$1,299/mo

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

Medians by bedroom

Rent by unit size

Studio

$670

1 BR

$740

2 BR

$970

3 BR

$1,190

4 BR+

$1,420

Research median

$970/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$14,736/yr

At $1,228/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 (+1.6% YoY, +0.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Florence, AL is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 34.5% of residents hold a bachelor's degree or higher.

Population

41,701

Median income

$52,174

Median age

35.1

Renters

47.9%

Age distribution

18.2%

31.6%

21.5%

17.5%

Under 1818.2%

18–3431.6%

35–5421.5%

55–6411.1%

65+17.5%

Gender

45.4%

54.6%

Male45.4%

Female54.6%

Race & ethnicity

72.1%

16%

White72.1%

Black16%

Hispanic5.9%

Asian0.9%

Other5.1%

Education (25+)

32.3%

24.8%

34.5%

No HS diploma8.3%

HS diploma32.3%

Some college24.8%

Bachelor's+34.5%

Housing tenure

52.1%

47.9%

Owner52.1%

Renter47.9%

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

2023 vs 2026

How Florence, AL has changed in 5 years

Rent

$1,119 → $1,228

up 9.7%

Income

$40,944 → $52,174

up 27.4%

Population

39,709 → 41,701

up 5.0%

Renter share

51.7% → 47.9%

-3.8 pts

Bachelor's+

27.5% → 34.5%

+7.0 pts

The median rent in Florence, AL stood at $1,119 in 2023 and currently runs about $1,228, reflecting a 9.7% increase over the period. Census figures show median household income at $52,174 today, compared with $40,944 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 5.0% since 2021, moving from about 39,709 residents to roughly 41,701. Renters now make up 47.9% of households, compared with 51.7% five years ago. College-educated residents now make up 34.5% of adults here, versus 27.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

Discussions about Florence

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View Florence rent history (2015–2026) →

Salary vs rent

Can you afford rent in Florence on your salary?

At $1,228/mo, how Florence rent compares to typical pay (30% rule).

Registered Nurse

Avg $81,253/yr · Rent = 18.1% income

very comfortable

Elementary School Teacher

Avg $57,689/yr · Rent = 25.5% income

affordable

Police Officer

Avg $66,452/yr · Rent = 22.2% income

affordable

Software Developer

Avg $118,775/yr · Rent = 12.4% income

very comfortable

Lawyer

Avg $151,764/yr · Rent = 9.7% income

very comfortable

Firefighter

Avg $54,017/yr · Rent = 27.3% income

affordable

Truck Driver

Avg $48,771/yr · Rent = 30.2% income

stretched

Electrician

Avg $60,114/yr · Rent = 24.5% income

affordable

By apartment size

Florence rent by bedroom count

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

Local insights

Tips for renters in Florence

About renting in Florence, AL

Last updated: July 20, 2026

The median rent in Florence is $1,228/mo as of July 2026. A studio apartment averages $670/mo while a 2-bedroom runs $970/mo. One-bedroom apartments average $740/mo and 3-bedroom units go for $1,190/mo.

At 28% of local median household income ($52,174/yr), Florence ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

Is Florence an affordable city for renters?

Florence is considered affordable for renters. At $1,228/mo, rent takes approximately 28% of the local median household income ($52,174/yr). The standard benchmark is 30%. Florence falls comfortably within that range.

How much income do you need to rent in Florence?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,228/mo in Florence. The local median household income is $52,174/yr, meaning the typical Florence household meets that threshold.

Is rent going up or down in Florence?

Rent in Florence has increased 1.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Florence rent compare to other cities in Alabama?

Florence is one of the more affordable cities in Alabama for rent, ranking #57 out of 70 tracked cities at $1,228/mo.

Which nearby cities are cheaper to rent in than Florence?

Several nearby cities have lower median rents than Florence ($1,228/mo): Decatur ($1,082/mo), Lawrenceburg ($1,170/mo).

What percentage of Florence residents rent vs. own?

According to Census data, approximately 47.9% of Florence households are renters, while 52.1% are owner-occupied. Florence leans toward homeownership, which can mean a smaller rental inventory.

How does Florence rent compare to the national average?

Florence's median rent of $1,228/mo is $737 (38%) below the US national median of $1,965/mo. Within Alabama, it ranks #57 out of 70 tracked cities.

Income Affordability

28%

AFFORDABLE

At $1,228/mo, rent takes ~28% of Florence's median household income ($52,174/yr). The standard benchmark is 30%.

Florence 28%Benchmark 30%

State income tax2–5%

Run the Florence affordability calculator →

Nearby cities