Rents are 4% above what Montgomery's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,347 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Montgomery, AL is roughly split between renters and owners, has a median income below the national average, 33.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Montgomery, AL has changed in 5 years
Compared with 2021, rent in Montgomery, AL has climbed by $380 per month, settling near $1,347 after starting the period at $967. Household income in the area moved from $49,989 to $56,811 across the same window, up 13.6% versus 2021. Rent outpaced income growth by roughly 25.7 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 201,022 to 197,494 between 2021 and 2024, a 1.8% change. Reading these numbers side by side helps frame whether current listings in Montgomery, AL look reasonable against where the market sat half a decade ago.
Discussions about Montgomery
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Can you afford rent in Montgomery on your salary?
At $1,347/mo, how Montgomery rent compares to typical pay (30% rule).
Montgomery rent by bedroom count
Median rent for each apartment size in Montgomery. Click any size for full breakdown.
Tips for renters in Montgomery
Last updated: August 17, 2026
The median rent in Montgomery is $1,347/mo as of August 2026. A studio apartment averages $829/mo while a 2-bedroom runs $1,045/mo. One-bedroom apartments average $878/mo and 3-bedroom units go for $1,327/mo.
At 28% of local median household income ($56,811/yr), Montgomery ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.
Frequently asked questions
Is Montgomery an affordable city for renters?
How much income do you need to rent in Montgomery?
Is rent going up or down in Montgomery?
Which Montgomery neighborhoods have the lowest rent?
How does Montgomery rent compare to other cities in Alabama?
Which nearby cities are cheaper to rent in than Montgomery?
What percentage of Montgomery residents rent vs. own?
How does Montgomery rent compare to the national average?
At $1,347/mo, rent takes ~28% of Montgomery's median household income ($56,811/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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