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Rental Market Trends in Florence, AL
What is the average rent in Florence, AL?
$598/month
Average Rent
705 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of July 2025, the average rent in Florence, AL is $598 per month. This is 63% lower than the national average rent of $1,637/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 $546 per month for a studio, $598 for a one-bedroom apartment, and around $827 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $893 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 1.9%, which averages out to $12 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 July 2025
Legend
2024
2025
Rent Ranges in Florence, AL
Last Updated July 2025
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
50%
Below $700/month
44%
$700 - $1,000/month
6%
$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 $598, you’ll want to make about $1,993 per month or $23,916 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 16.3% lower than the national average. Generally, housing in Florence is 35.1% less expensive than the national average, with rent falling between $546 - $893. You can expect to pay 5.5% less for groceries, 10.3% less for utilities, and 11.5% less for transportation.
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.
Nearby City Rent Trends
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Property Management Companies in Florence, AL
Arlington Properties
-
112
Communities
-
26,959
Units
-
68
Cities
2 Communities in Florence
Sundance Property Management, Inc
-
31
Communities
-
2,357
Units
-
20
Cities
2 Communities in Florence
The Gateway Companies
-
63
Communities
-
9,124
Units
-
50
Cities
1 Community in Florence
Henssler Property Management
-
12
Communities
-
2,035
Units
-
12
Cities
1 Community in Florence
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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 June 2025.
* Percentages may not total 100 due to rounding.