Median Age
36 Years
Largest Age Group
20-29 Years
Approximately 18% of Residents
Under 20
23%
Over 65
20%
Avg Rent
$620
Population
41,811
Renter Mix
51% Rent
Florence, Alabama carries a spirit shaped by music, history, and the steady rhythm of the Tennessee River rolling along its northern edge. As the largest city in the Shoals region, Florence draws renters who want a genuine sense of place without the noise of a sprawling metro. The University of North Alabama anchors much of the city's energy, bringing a lively academic presence to the area year-round. Florence is also the birthplace of W.C. Handy, widely recognized as the Father of the Blues, a legacy the city celebrates with deep pride through the W.C. Handy Music Festival held each summer. Neighborhoods range from the walkable, character-filled blocks of downtown to quieter residential pockets in the College Hills and Huntsville Road corridors. Renters will find a solid mix of housing options, including renovated historic homes converted into apartments, cozy townhomes, and well-appointed apartment communities with modern finishes. Whether you're drawn to a charming older building steps from the historic district or a newer apartment community on the outskirts of town, Florence offers an approachable rental market with real variety. The pace here is relaxed but far from idle, making it an appealing place to put down roots.
Court Street in Downtown Florence is very walkable for families.
Large Queen Anne homes have beautiful ornamentation and are well kept in Florence.
Boat lovers can cast off on the Tennessee River all year round in Florence.
Median Household Income
$39,541
Average: $56,837
Education
10,376
Residents Have a Degree
Job Market
18,180
Workers Employed
Median Age
36 Years
Largest Age Group
20-29 Years
Approximately 18% of Residents
Under 20
23%
Over 65
20%
Housing Distribution
Florence has more renters than homeowners.
Education Distribution
Review this city's overall education levels.
As of July 2026, the average apartment rent in Florence, AL is $614 for a studio, $620 for one bedroom, $858 for two bedrooms, and $930 for three bedrooms. Apartment rent in Florence has increased by 2.5% in the past year.
The cost of living in Florence, AL is 16.8% lower than the national average. Generally, housing in Florence is 33.1% less expensive than the national average, with rent falling between $614 - $930. You can expect to pay 6.9% less for groceries, 7.4% less for utilities, and 12.3% less for transportation.
Compare Cities
Explore how walkable, bikeable, drivable, and transit-friendly Florence, AL is for everyday living.
Fairly Walkable
Walkability
Very Drivable
Drivability
Fairly Bikeable
Bikeability
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477 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.