Huntsville Rent Report: June 2024

Welcome to the Apartment List June 2024 Rent Report for Huntsville, AL. Currently, the overall median rent in the city stands at $1,053, after rising 0.9% last month. Prices remain down 4.2% year-over-year. Read on to learn more about what’s been happening in the Huntsville rental market and how it compares to trends throughout the nation as a whole.

Huntsville rents are up 0.9% month-over-month and down 4.2% year-over-year

The median rent in Huntsville rose by 0.9% over the course of May, and has now decreased by a total of 4.2% over the past 12 months. Huntsville’s rent growth over the past year has has fallen behind both the state (-1.6%) and national averages (-0.8%).

Huntsville rent growth in 2024 pacing above last year

Five months into the year, rents in Huntsville have fallen 0.5%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to May 2023 rents had decreased 2.4%.

May rent growth in Huntsville ranked #30 among large U.S. cities

Huntsville rents went up 0.9% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #30. Similar monthly rent growth took place in Wichita, KS (0.9%) and Columbus, OH (0.9%).

Huntsville is the #95 most expensive large city in the U.S., with a median rent of $1,053

Citywide, the median rent currently stands at $886 for a 1-bedroom apartment and $1,049 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,053. That ranks #95 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,233 for a 1-bedroom, $1,389 for a 2-bedroom, and $1,404 overall. The median rent in Huntsville is 25.0% lower than the national, and is similar to the prices you would find in Oklahoma City, OK ($1,060) and Des Moines, IA ($1,049).