How many apartments are available in Pinewood on Rentable.co?

Rentable.co has over 2 apartments available near Pinewood.

How many apartments are available in Mobile, AL on Rentable.co?

Rentable.co has over 8,478 apartments available in Mobile.

What is the average rent for a studio apartment in Mobile, AL?

The average rent for a <a href='/mobile-al/studio-apartments-for-rent' >studio apartment</a> in Mobile is around $940 per month.

What is the average rent for a one-bedroom apartment in Mobile, AL?

The average rent for a <a href='/mobile-al/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Mobile is around $960 per month.

What is the average rent for a two-bedroom apartment in Mobile, AL?

The average rent for a <a href='/mobile-al/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Mobile is around $1,200 per month.

How expensive is it to rent an apartment in Mobile, AL?

For a two-bedroom apartment in Mobile, the average rent price is $1,200 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Mobile, AL?

Based on average rent prices in Mobile, to afford a <a href='/mobile-al/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $38,000 to live comfortably.

Apartments in Pinewood Mobile

Mobile:
November Rent Report

Welcome to the November 2024 Mobile Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Mobile rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Mobile and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Mobile average rent prices in the chart below.

Monthly Rent Report

$1,400

$1,050

$700

$350

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Mobile Rent Prices Increase From October to November

Mobile rent prices increased over the last month. From October to November, the city experienced a 0.67% increase for the price of a one-bedroom apartment. The rent price for a Mobile one-bedroom apartments currently stands at $1,197.0.

When we take a look at the two-bedroom comparison from October to November, Mobile experienced a -2.24% decrease for the price of a two-bedroom apartment. The rent price for a Mobile two-bedroom apartments currently stands at $1,224.0.

November Prices: Mobile vs. Surrounding Areas

Mobile, AL

$1,189

$400

$800

$1,200

$1,600

Median 1 BR Rent

Rent Prices in Mobile and Surrounding Areas

Rent prices have increased in Mobile over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Mobile suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Mobile suburbs
Rents did not decrease in any of the Mobile suburbs.

November 2024 Pricing Trends: Mobile vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Mobile, AL

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,189

$1,400

$2,800

$4,200

$5,600

Median Rent

Mobile Rent Prices More Affordable Than Major Cities

Rent growth in Mobile over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Mobile average rent prices appear to be relatively affordable for local residents.

The price for a Mobile one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Mobile and surrounding area rent prices, take a look at the complete data set below.

Data set for Mobile and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Mobile, AL	$1,189.0	0.34%	$1,252.0	-2.34%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.