50 Luxury Apartments for rent in Montgomery, AL

Last updated September 20 at 3:15AM
79 Commerce St
Montgomery
Montgomery, AL
Updated September 20 at 1:27AM
1 Bedroom
$1,150
3667 Willow Lane Dr
Montgomery
Montgomery, AL
Updated September 15 at 10:31AM
5 Bedrooms
$1,095
241 Noble Ave
Garden District
Montgomery, AL
Updated September 3 at 2:44AM
6 Bedrooms
$1,200
5737 Hammermill Loop
Montgomery
Montgomery, AL
Updated September 12 at 10:22AM
3 Bedrooms
$1,199
3730 Claiborne Circle
Montgomery
Montgomery, AL
Updated September 14 at 11:08AM
4 Bedrooms
$1,395
3720 Pelzer Ave
Montgomery
Montgomery, AL
Updated September 3 at 2:45AM
4 Bedrooms
$1,000
8100 Dogwood Ln
Montgomery
Montgomery, AL
Updated September 18 at 2:24AM
4 Bedrooms
$2,450
848 Ryefield Road
Montgomery
Montgomery, AL
Updated August 26 at 10:07AM
3 Bedrooms
$1,300
2202 Semmes Dr
Montgomery
Montgomery, AL
Updated August 23 at 2:15AM
3 Bedrooms
$1,050
624 Ryefield Dr
Montgomery
Montgomery, AL
Updated September 10 at 9:55AM
4 Bedrooms
$1,250
130 Commerce St
Montgomery
Montgomery, AL
Updated September 19 at 5:36PM
1 Bedroom
$1,100
6071 Meridian Lane
Montgomery
Montgomery, AL
Updated September 16 at 10:24AM
4 Bedrooms
$1,250
1304 Cameron Ct
Montgomery
Montgomery, AL
Updated September 2 at 2:33AM
3 Bedrooms
$1,115
3537 Claiborne Circle
Montgomery
Montgomery, AL
Updated September 14 at 11:17AM
3 Bedrooms
$1,150
Copperfield Dr
Montgomery
Montgomery, AL
Updated September 14 at 7:32AM
3 Bedrooms
$1,295
Cloverdale Rd
Cloverdale-Idlewild
Montgomery, AL
Updated September 17 at 7:26AM
3 Bedrooms
$1,250
9204 Silverberry Crt
Montgomery
Montgomery, AL
Updated July 31 at 9:25AM
3 Bedrooms
$1,495
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Rent Report
Montgomery

September 2017 Montgomery Rent Report

Welcome to the September 2017 Montgomery Rent Report. Montgomery rents remained steady over the past month. In this report, we'll evaluate trends in the Montgomery rental market, including comparisons to similar cities nationwide.

Montgomery rents held steady over the past month

Montgomery rents have remained flat over the past month, however, they have increased moderately by 2.4% year-over-year. Currently, median rents in Montgomery stand at $700 for a one-bedroom apartment and $840 for a two-bedroom. Montgomery's year-over-year rent growth is level with the state average of 2.4%, but lags the national average of 3.0%.

Montgomery rents more affordable than many large cities nationwide

Rent growth in Montgomery has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Montgomery is still more affordable than most large cities across the country.

  • Montgomery's median two-bedroom rent of $840 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.4% rise in Montgomery.
  • While rents in Montgomery remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • 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.