82 Luxury Apartments for rent in Birmingham, AL

Last updated January 23 at 4:33am UTC
3047 Old Stone Rd
Birmingham
Birmingham, AL
Updated January 20 at 2:20am UTC
2 Bedrooms
$1,350
127 Old Brook Pl
Birmingham
Birmingham, AL
Updated January 22 at 11:46pm UTC
3 Bedrooms
$1,500
592 Reach Drive
Birmingham
Birmingham, AL
Updated January 13 at 11:57am UTC
3 Bedrooms
$1,250
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January 2018 Birmingham Rent Report

Welcome to the January 2018 Birmingham Rent Report. Birmingham rents remained steady over the past month. In this report, we'll evaluate trends in the Birmingham rental market, including comparisons to similar cities nationwide.

View full Birmingham Rent Report
Rent Report
Birmingham

January 2018 Birmingham Rent Report

Welcome to the January 2018 Birmingham Rent Report. Birmingham rents remained steady over the past month. In this report, we'll evaluate trends in the Birmingham rental market, including comparisons to similar cities nationwide.

Birmingham rent trends were flat over the past month

Birmingham rents have remained flat over the past month, however, they have increased marginally by 0.6% year-over-year. Currently, median rents in Birmingham stand at $790 for a one-bedroom apartment and $910 for a two-bedroom. Birmingham's year-over-year rent growth lags the state average of 1.7%, as well as the national average of 2.8%.

Birmingham rents more affordable than many large cities nationwide

As rents have increased marginally in Birmingham, a few large cities nationwide have also seen rents grow modestly. Birmingham is still more affordable than most large cities across the country.

  • Birmingham's median two-bedroom rent of $910 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 0.6% increase in Birmingham.
  • While Birmingham's rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Birmingham than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than three times the price in Birmingham.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.