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40 2 Bedroom Apartments for rent in Montgomery, AL

Last updated September 18 at 9:13pm UTC
Legacy at Festival
500 Festival Pl
Montgomery, AL
Updated September 18 at 6:14pm UTC
2 Bedrooms
$850
Legacy at The Lake
1421 Stonehenge Rd
Montgomery, AL
Updated September 18 at 7:47pm UTC
2 Bedrooms
$679
107 Oak Forest Dr
Montgomery
Montgomery, AL
Updated September 14 at 5:30pm UTC
2 Bedrooms
$600
210 Perry Hill Rd
Montgomery
Montgomery, AL
Updated September 12 at 5:33pm UTC
2 Bedrooms
$695
2131 Woodley Rd
McGehee-Allendale
Montgomery, AL
Updated September 12 at 11:23am UTC
2 Bedrooms
$715
4010 Vandiver Court
Montgomery
Montgomery, AL
Updated September 5 at 9:50am UTC
2 Bedrooms
$545
902 Cruz Court
Montgomery
Montgomery, AL
Updated September 1 at 10:01am UTC
2 Bedrooms
$825
2031 Ridge Ave
Old Cloverdale
Montgomery, AL
Updated September 15 at 5:42pm UTC
2 Bedrooms
$975
6640 Chaprice Ln
Montgomery
Montgomery, AL
Updated September 15 at 5:42pm UTC
2 Bedrooms
$885
301 South Capitol Parkway
Highland Park
Montgomery, AL
Updated September 11 at 10:52am UTC
2 Bedrooms
$850
507 Capitol Parkway Ct
Montgomery
Montgomery, AL
Updated September 8 at 9:48am UTC
2 Bedrooms
$685
3365 Hull Street
South Hull
Montgomery, AL
Updated September 7 at 9:58am UTC
2 Bedrooms
$695
208 South Panama Street 2bdrm
Highland Park
Montgomery, AL
Updated September 15 at 1:01pm UTC
2 Bedrooms
$675

September 2018 Montgomery Rent Report

Welcome to the September 2018 Montgomery Rent Report. Montgomery rents declined 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

September 2018 Montgomery Rent Report

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

Montgomery rents decline sharply over the past month

Montgomery rents have declined 0.6% over the past month, but have increased marginally by 0.9% in comparison to the same time last year. Currently, median rents in Montgomery stand at $700 for a one-bedroom apartment and $850 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Montgomery's year-over-year rent growth leads the state average of 0.6%, but trails the national average of 1.0%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased marginally in Montgomery, 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 $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 0.9% increase in Montgomery.
  • While Montgomery's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.5%).
  • Renters will find more reasonable prices in Montgomery than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.