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City Report · AL

Lake Purdy

·58th most expensive in Alabama·One of the most affordable rental markets in the US
Median rent (all units)
$1,222/mo
Year-over-Year
Stable
Month-over-Month
+2.1%
vs US Median
-$743
Rising (Monthly)
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Most AffordableMost Expensive
Lake Purdy · $1,222
More affordable than 91% of US cities · National median $1,965/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,222/mo, rent takes about 20% of the US median household income, comfortably within the 30% benchmark.

Income to afford
$49,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Lake Purdy's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$14,664/yr
At $1,222/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.1% MoM), not inventory.
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View Lake Purdy rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lake Purdy on your salary?

At $1,222/mo, how Lake Purdy rent compares to typical pay (30% rule).

Local insights

Tips for renters in Lake Purdy

About renting in Lake Purdy, AL

Last updated: July 20, 2026

The median rent in Lake Purdy is $1,222/mo as of July 2026.

At 20% of estimated US median household income ($72,000/yr), Lake Purdy ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lake Purdy an affordable city for renters?

Lake Purdy is considered very affordable for renters. At $1,222/mo, rent takes approximately 20% of the US median household income ($72,000/yr). The standard benchmark is 30%. Lake Purdy falls comfortably within that range.

How much income do you need to rent in Lake Purdy?

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 $1,222/mo in Lake Purdy.

Is rent going up or down in Lake Purdy?

Rent in Lake Purdy has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Lake Purdy rent compare to other cities in Alabama?

Lake Purdy is one of the more affordable cities in Alabama for rent, ranking #58 out of 70 tracked cities at $1,222/mo.

How does Lake Purdy rent compare to the national average?

Lake Purdy's median rent of $1,222/mo is $743 (38%) below the US national median of $1,965/mo. Within Alabama, it ranks #58 out of 70 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,222/mo, rent takes ~20% of US median household income ($72,000/yr). The standard benchmark is 30%.

Lake Purdy 20%Benchmark 30%
State income tax2–5%
Run the Lake Purdy affordability calculator →
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Neighborhoods

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Public schools near Lake Purdy, AL

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