ZIP Code · AL

ZIP 35115

Part of Montevallo, AL

Pop. 17,610·Shelby County·7th most expensive ZIP in Alabama

Median rent (all units)

$1,872/mo

Year-over-Year

Stable

Month-over-Month

+9.1%

vs US Median

-$60

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 35115 · $1,872

More expensive than 54% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$810

1 BR

$900

2 BR

$1,020

3 BR

$1,280

4 BR+

$1,430

Research median

$1,020/mo

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

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($57,372) is $1,434 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,430).

Cheaper nearby

ZIP 35040, 10 miles away, rents for 13% less ($1,637/mo), about $2,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 35115. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,464/yr

At $1,872/mo median

Location

CityMontevallo

StateAL

CountyShelby County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +9.1% MoM), not inventory.

Demographics

Who lives here

ZIP 35115 (Montevallo, AL) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 21.6% of residents hold a bachelor's degree or higher.

Population

17,610

Median income

$57,372

Median age

32.4

Renters

28.2%

Age distribution

22.4%

31.7%

21.8%

12.4%

Under 1822.4%

18–3431.7%

35–5421.8%

55–6411.8%

65+12.4%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

66.6%

16.7%

23.5%

White66.6%

Black16.7%

Hispanic23.5%

Asian0.9%

Education (25+)

16.7%

33.1%

28.6%

21.6%

No HS diploma16.7%

HS diploma33.1%

Some college28.6%

Bachelor's+21.6%

Housing tenure

71.8%

28.2%

Owner71.8%

Renter28.2%

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

2021 vs 2026

How ZIP 35115 in Montevallo, AL has changed in 5 years

Income

$47,500 → $57,372

up 20.8%

Population

17,448 → 17,610

up 0.9%

Renter share

31.3% → 28.2%

-3.1 pts

Bachelor's+

21.3% → 21.6%

+0.3 pts

Census figures show median household income at $57,372 today, compared with $47,500 five years earlier. The renter share has eased from 31.3% to 28.2%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 35115

Last updated: September 25, 2026

ZIP code 35115 covers Montevallo, AL. The median rent here is $1,872/mo as of September 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,020/mo.

At 39% of local median household income ($57,372/yr), ZIP 35115 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 35115?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,872/mo in ZIP 35115. The local median household income is $57,372/yr, so the typical household falls short of that bar.