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Rental Market Trends in Florence, AL

Updated July 2026

The average rent in Florence, AL is $619/month.

Rent in Florence is 63% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$619/month

Average Rent

705 Sq Ft

Average Size

+3%

Change / Year

351

Available Apartments

Florence rent varies by unit size and layout:

  • Studio apartments in Florence average $613 per month.
  • One-bedroom apartments in Florence average $619 per month.
  • Two-bedroom apartments in Florence average $850 per month.
  • Three-bedroom apartments in Florence average $930 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$613/month
495 Sq Ft
One Bedroom
$619/month
705 Sq Ft
Two Bedroom
$850/month
1,026 Sq Ft
Three Bedroom
$930/month
1,178 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,142/month
618 Sq Ft
Three Bedroom
$1,611/month
1,116 Sq Ft
Four Bedroom
$1,937/month
1,712 Sq Ft
View Florence Apartments

How much has average rent changed in Florence, AL?

In the past year, rent has increased by 3%, which averages out to $19 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Florence, AL

July 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Florence, AL
Percentage*
Rent Range
40% Below $700/month
48% $700 - $1,000/month
12% $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 $619, you’ll want to make about $2,063 per month or $24,756 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 16.8% lower than the national average. Generally, housing in Florence is 33.1% less expensive than the national average, with rent falling between $613 - $930. You can expect to pay 6.9% less for groceries, 7.4% less for utilities, and 12.3% less for transportation.

City

Florence, AL

351 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.

View the Florence Area Guide

Apartment Averages

Apartment Communities in Florence We Think You'll Love

Creekside Apartments

Creekside Apartments

2424 Roberts Ln,
Florence, AL 35630

2 Beds | $925 - $1,095

Arbor Village Apartments

Arbor Village Apartments

600 Firestone Ave,
Muscle Shoals, AL 35661

1-2 Beds | $975 - $1,195

Villas at Riverside

Villas at Riverside

130 River Rd,
Muscle Shoals, AL 35661

1-3 Beds | $1,000 - $1,475

The Canopy

The Canopy

1301 Hermitage Dr,
Florence, AL 35630

2-3 Beds | $900 - $1,050

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Frequently Asked Questions

What is the average rent in Florence?

The average rent in Florence is $619 per month, which is 62.8% lower than the national average of $1,662.

What is the average rent for a house in Florence?

The average rent for a house in Florence, AL is $1,611 per month.

Are rents going up or down in Florence?

Rents in Florence, AL are increasing, with prices up 3.0% year-over-year and $19 more per month.

What rent range is most common in Florence?

In Florence, AL, 48% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity