Apartments in Normandale Montgomery

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$675
2204 E Third St Montgomery, AL
3 BR | Available Now
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13
$1,427
Montgomery, AL
1 BR | Ask for Availability
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$595
2320 E 3Rd St Montgomery, AL
2 BR | Available Now
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11
$795
1431 Oakland St Montgomery, AL
3 BR | Available Now
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24
$1,270 - 1,625
1 Gatsby Drive Montgomery, AL
2 - 3 BR | Available Now
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$1,115
Montgomery, AL
3 BR | Available Now
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Montgomery:
November Rent Report

Welcome to the November 2024 Montgomery 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 Montgomery rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Montgomery 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 Montgomery average rent prices in the chart below.

Monthly Rent Report

$1,300
$980
$650
$330
$0
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

Montgomery Rent Prices Decrease From October to November

Montgomery rent prices decreased over the last month. From October to November, the city experienced a -1.32% decrease for the price of a one-bedroom apartment. The rent price for a Montgomery one-bedroom apartments currently stands at $896.0.

When we take a look at the two-bedroom comparison from October to November, Montgomery experienced a -0.82% decrease for the price of a two-bedroom apartment. The rent price for a Montgomery two-bedroom apartments currently stands at $1,206.0.

November Prices: Montgomery vs. Surrounding Areas

Prattville, AL
Montgomery, AL
$2,098
$908
$0
$700
$1,400
$2,100
$2,800
Median 1 BR Rent

Rent Prices in Montgomery and Surrounding Areas

Rent prices have decreased in Montgomery over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Montgomery suburb 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:

  • Rent increased in Prattville, AL .

  • Rents did not decrease in any of the Montgomery suburbs.

  • 1 suburb is currently priced higher than the city of Montgomery.

November 2024 Pricing Trends: Montgomery vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Montgomery, AL
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$908
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Montgomery Rent Prices More Affordable Than Major Cities

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

The price for a Montgomery 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 Montgomery and surrounding area rent prices, take a look at the complete data set below.

Data set for Montgomery and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Montgomery, AL $908.0 0.66% $1,216.0 1.50%
Prattville, AL $2,098.0 0.58% $1,070.0 -1.93%

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.