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17 1 Bedroom Apartments for rent in Montgomery, AL

Last updated June 18 at 2:59am UTC
79 Commerce St
Montgomery
Montgomery, AL
Updated June 18 at 1:25am UTC
1 Bedroom
$1,150
327 Cloverdale Rd
Garden District
Montgomery, AL
Updated June 14 at 9:43am UTC
1 Bedroom
$675
446 Burton Ave
Garden District
Montgomery, AL
Updated April 27 at 1:47am UTC
1 Bedroom
$525
Results within 5 miles of Montgomery, AL
130 Commerce St
Montgomery
Montgomery, AL
Updated June 6 at 5:42pm UTC
1 Bedroom
$975

June 2018 Montgomery Rent Report

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

View full Montgomery Rent Report
Rent Report
Montgomery

June 2018 Montgomery Rent Report

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

Montgomery rents increase sharply over the past month

Montgomery rents have increased 0.9% over the past month, and have increased slightly by 1.3% in comparison to the same time last year. Currently, median rents in Montgomery stand at $710 for a one-bedroom apartment and $850 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Montgomery's year-over-year rent growth leads the state average of 0.9%, but trails the national average of 1.5%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased slightly in Montgomery, a few large cities nationwide have seen rents grow more quickly. Montgomery is still more affordable than most large cities across the country.

  • Montgomery's median two-bedroom rent of $850 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.3% increase in Montgomery.
  • While Montgomery's rents rose slightly over the past year, the city of Seattle saw a decrease of 0.8%.
  • Renters will find more reasonable prices in Montgomery than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Montgomery.

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.