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

As of August 2026, the median monthly rent in Margaret, AL is $1,723. This figure is based on aggregated data from public sources and community-submitted rents.

Is Margaret cheaper than other Alabama cities?

Margaret is one of the pricier cities in Alabama, ranking #21 out of 70 cities tracked at $1,723/mo.

When was Margaret rent data last updated?

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

City Report · AL

Margaret

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

Pop. 5,877·21st most expensive in Alabama·Rental market data updated monthly for Margaret, AL

Median rent (all units)

$1,723/mo

Year-over-Year

-2.8%

Month-over-Month

+2.3%

vs US Median

-$239

Rising (Monthly)

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Most AffordableMost Expensive

Margaret · $1,723

More affordable than 60% of US cities · National median $1,962/mo

Affordability

20% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,723/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$69,000/yr

Local median income

$101,802/yr

Based on the 30%-of-income rule using Margaret's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

3 BR

$1,022

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,723 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

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Last updated: August 17, 2026

Annual cost

$20,676/yr

At $1,723/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 (-2.8% YoY, +2.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Margaret, AL is majority owner-occupied, has a median income above the national average, 20.3% of residents hold a bachelor's degree or higher.

Population

5,877

Median income

$101,802

Median age

32.8

Renters

12.7%

Age distribution

24.7%

29.2%

27.8%

Under 1824.7%

18–3429.2%

35–5427.8%

55–649.8%

65+8.5%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

80.4%

14.8%

White80.4%

Black14.8%

Hispanic4%

Other0.7%

Education (25+)

12.1%

38.2%

29.4%

20.3%

No HS diploma12.1%

HS diploma38.2%

Some college29.4%

Bachelor's+20.3%

Housing tenure

87.3%

12.7%

Owner87.3%

Renter12.7%

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

2021 vs 2026

How Margaret, AL has changed in 5 years

Income

$64,992 → $101,802

up 56.6%

Population

5,118 → 5,877

up 14.8%

Renter share

13% → 12.7%

-0.3 pts

Bachelor's+

22.1% → 20.3%

-1.8 pts

On the earnings side, the typical household in Margaret, AL now reports about $101,802, up from $64,992 in 2021. Census counts show Margaret, AL adding about 759 residents over the five-year window, up 14.8% on net.

Community

Discussions about Margaret

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View Margaret rent history (2015–2026) →

Salary vs rent

Can you afford rent in Margaret on your salary?

At $1,723/mo, how Margaret rent compares to typical pay (30% rule).

Registered Nurse

Avg $81,253/yr · Rent = 25.4% income

affordable

Elementary School Teacher

Avg $57,689/yr · Rent = 35.8% income

stretched

Police Officer

Avg $66,452/yr · Rent = 31.1% income

stretched

Software Developer

Avg $118,775/yr · Rent = 17.4% income

very comfortable

Lawyer

Avg $151,764/yr · Rent = 13.6% income

very comfortable

Firefighter

Avg $54,017/yr · Rent = 38.3% income

stretched

Truck Driver

Avg $48,771/yr · Rent = 42.4% income

rent-burdened

Electrician

Avg $60,114/yr · Rent = 34.4% income

stretched

By apartment size

Margaret rent by bedroom count

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

3-Bedroom

$1,022/mo

Local insights

Tips for renters in Margaret

About renting in Margaret, AL

Last updated: August 17, 2026

The median rent in Margaret is $1,723/mo as of August 2026. and 3-bedroom units go for $1,022/mo.

At 20% of local median household income ($101,802/yr), Margaret ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.8% over the past year.

FAQ

Frequently asked questions

Is Margaret an affordable city for renters?

Margaret is considered very affordable for renters. At $1,723/mo, rent takes approximately 20% of the local median household income ($101,802/yr). The standard benchmark is 30%. Margaret falls comfortably within that range.

How much income do you need to rent in Margaret?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,723/mo in Margaret. The local median household income is $101,802/yr, meaning the typical Margaret household meets that threshold.

Is rent going up or down in Margaret?

Rent in Margaret has decreased 2.8% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Margaret rent compare to other cities in Alabama?

Margaret is one of the pricier cities in Alabama for rent, ranking #21 out of 70 tracked cities at $1,723/mo.

Which nearby cities are cheaper to rent in than Margaret?

Several nearby cities have lower median rents than Margaret ($1,723/mo): Grayson Valley ($1,332/mo), Trussville ($1,531/mo), Odenville ($1,615/mo).

What percentage of Margaret residents rent vs. own?

According to Census data, approximately 12.7% of Margaret households are renters, while 87.3% are owner-occupied. Margaret leans toward homeownership, which can mean a smaller rental inventory.

How does Margaret rent compare to the national average?

Margaret's median rent of $1,723/mo is $239 (12%) below the US national median of $1,962/mo. Within Alabama, it ranks #21 out of 70 tracked cities.

Income Affordability

20%

VERY AFFORDABLE

At $1,723/mo, rent takes ~20% of Margaret's median household income ($101,802/yr). The standard benchmark is 30%.

Margaret 20%Benchmark 30%

State income tax2–5%

Run the Margaret affordability calculator →

Nearby cities