42 Luxury Apartments for rent in Montgomery, AL

Last updated November 18 at 2:15pm UTC
1944 Nordan Lane
Montgomery
Montgomery, AL
Updated November 17 at 11:08am UTC
3 Bedrooms
$1,000
130 Commerce St
Montgomery
Montgomery, AL
Updated November 10 at 6:02pm UTC
2 Bedrooms
$1,345
6407 Eastwood Glen Dr
Montgomery
Montgomery, AL
Updated November 11 at 1:47am UTC
3 Bedrooms
$1,345
1264 Meriwether Road
Montgomery
Montgomery, AL
Updated November 17 at 11:10am UTC
3 Bedrooms
$1,800
2716 Fisk Drive
Montgomery
Montgomery, AL
Updated November 17 at 11:08am UTC
4 Bedrooms
$1,195
8925 Thorneberry Ct
Montgomery
Montgomery, AL
Updated November 16 at 12:31pm UTC
4 Bedrooms
$1,625
79 Commerce St
Montgomery
Montgomery, AL
Updated October 13 at 6:20pm UTC
2 Bedrooms
$1,475
7130 Wyngrove Dr
Montgomery
Montgomery, AL
Updated October 31 at 1:41am UTC
4 Bedrooms
$2,550
5921 Red Barn Rd
Montgomery
Montgomery, AL
Updated November 16 at 12:00pm UTC
3 Bedrooms
$1,010
3537 Claiborne Circle
Montgomery
Montgomery, AL
Updated November 16 at 12:08pm UTC
3 Bedrooms
$1,150
8100 Dogwood Ln
Montgomery
Montgomery, AL
Updated October 29 at 6:17pm UTC
4 Bedrooms
$2,200
618 Ridge Park Dr
Montgomery
Montgomery, AL
Updated October 25 at 10:16am UTC
4 Bedrooms
$1,175
3512 Royal Carriage
Montgomery
Montgomery, AL
Updated October 12 at 11:05am UTC
4 Bedrooms
$1,000
3515 Foxhall Drive
Brentwood
Montgomery, AL
Updated November 17 at 11:03am UTC
3 Bedrooms
$1,150
Cloverdale Rd
Cloverdale-Idlewild
Montgomery, AL
Updated November 9 at 8:57am UTC
3 Bedrooms
$1,250
Old Mitylene Ln
Montgomery
Montgomery, AL
Updated November 7 at 8:28am UTC
3 Bedrooms
$1,395
Westfield Ln
Montgomery
Montgomery, AL
Updated November 17 at 8:24am UTC
3 Bedrooms
$1,150
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November 2017 Montgomery Rent Report

Welcome to the November 2017 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

November 2017 Montgomery Rent Report

Welcome to the November 2017 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 increased slightly over the past month

Montgomery rents have increased 0.2% over the past month, and are up moderately by 3.4% 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 third straight month that the city has seen rent increases after a decline in July. Montgomery's year-over-year rent growth leads the state average of 2.0%, as well as the national average of 2.7%.

Montgomery rents more affordable than many large cities nationwide

As rents have increased moderately in Montgomery, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. 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 $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.4% rise in Montgomery.
  • While Montgomery's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • 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.