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Rental Market Trends in Florence, AL

What is the average rent in Florence, AL?

$612/month

Average Rent

705 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of January 2026, the average rent in Florence, AL is $612 per month. This is 62% lower than the national average rent of $1,624/month, making renting in Florence more affordable than most cities in the US. When you rent an apartment in Florence, you can expect to pay about $611 per month for a studio, $612 for a one-bedroom apartment, and around $845 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $945 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$611/month
495 Sq Ft
One Bedroom
$612/month
705 Sq Ft
Two Bedroom
$845/month
1,027 Sq Ft
Three Bedroom
$945/month
1,178 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,105/month
593 Sq Ft
Three Bedroom
$1,500/month
921 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Florence, AL?

In the past year, rent has increased by 2.5%, which averages out to $16 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Florence, AL
Last Updated January 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Florence, AL
Percentage*
Rent Range
45% Below $700/month
45% $700 - $1,000/month
10% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Florence, AL?

Because the average rent in Florence is $612, you’ll want to make about $2,040 per month or $24,480 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Florence, AL is 16.7% lower than the national average. Generally, housing in Florence is 33.8% less expensive than the national average, with rent falling between $611 - $945. You can expect to pay 6.4% less for groceries, 8.7% less for utilities, and 12.6% less for transportation.

City

Florence, AL

325 Available Apartments for Rent

Search for Nearby Apartments

How does Florence, AL compare to other nearby cities and neighborhoods?

Use the tool below to compare Florence, AL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Florence, AL

Apartment Averages

Nearby City Rent Trends

  • Sheffield Average Rent
  • Tuscumbia Average Rent

Apartment communities in Florence we think you'll love

Creekside Apartments

Creekside Apartments

2424 Roberts Ln,
Florence, AL 35630

$875 - $1,025

2 Beds

Arbor Village Apartments

Arbor Village Apartments

600 Firestone Ave,
Muscle Shoals, AL 35661

$988 - $1,999

1-2 Beds

Villas at Riverside

Villas at Riverside

130 River Rd,
Muscle Shoals, AL 35661

$910 - $1,410

1-3 Beds

The Oakley at Deerfield

The Oakley at Deerfield

137 Deerfield Pl,
Florence, AL 35630

$1,150 - $1,335

2 Beds

Property Management Companies in Florence, AL

Arlington Properties
Arlington Properties
  • 121

    Communities

  • 29,187

    Units

  • 72

    Cities

2 Communities in Florence
Sundance Property Management, Inc
Sundance Property Management, Inc
  • 32

    Communities

  • 2,533

    Units

  • 20

    Cities

2 Communities in Florence
The Gateway Companies
The Gateway Companies
  • 79

    Communities

  • 9,842

    Units

  • 61

    Cities

1 Community in Florence
Henssler Property Management
Henssler Property Management
  • 12

    Communities

  • 1,894

    Units

  • 12

    Cities

1 Community in Florence

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United States Alabama Florence Rental Trends

Methodology

† 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity