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Rental Market Trends in Florence, AL

What is the average rent in Florence, AL?

$618/month

Average Rent

705 Sq Ft

Average Apartment Size

+2.8%

Increase in the Last Year

Florence, AL Rental Market Overview

The average rent in Florence, AL is $618 per month. This is 62% lower than the national average rent of $1,644/month, making renting in Florence more affordable than most cities in the US.

  • Studio apartments in Florence average $611 per month.
  • One-bedroom apartments in Florence average $618 per month.
  • Two-bedroom apartments in Florence average $850 per month.
  • Three-bedroom apartments in Florence average $939 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$611/month
495 Sq Ft
One Bedroom
$618/month
705 Sq Ft
Two Bedroom
$850/month
1,027 Sq Ft
Three Bedroom
$939/month
1,178 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,096/month
922 Sq Ft
Three Bedroom
$1,367/month
941 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 2.8%, which averages out to $18 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Florence, AL
Last Updated June 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Florence, AL
Percentage*
Rent Range
41% Below $700/month
49% $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 $618, you’ll want to make about $2,060 per month or $24,720 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 32.7% less expensive than the national average, with rent falling between $611 - $939. You can expect to pay 6.7% less for groceries, 8.8% less for utilities, and 12.3% less for transportation.

City

Florence, AL

206 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

$905 - $1,125

2 Beds

Arbor Village Apartments

Arbor Village Apartments

600 Firestone Ave,
Muscle Shoals, AL 35661

$970 - $1,245 Total Monthly Price

1-2 Beds

Villas at Riverside

Villas at Riverside

130 River Rd,
Muscle Shoals, AL 35661

$940 - $1,085

1-3 Beds

The Oakley at Spring Creek

The Oakley at Spring Creek

107 Harrison Dr,
Tuscumbia, AL 35674

$900 - $1,350

1-3 Beds

Property Management Companies in Florence, AL

Sundance Property Management, Inc
Sundance Property Management, Inc
  • 22

    Communities

  • 1,865

    Units

  • 13

    Cities

2 Communities in Florence
Arlington Properties
Arlington Properties
  • 120

    Communities

  • 29,251

    Units

  • 72

    Cities

1 Community in Florence
The Gateway Companies
The Gateway Companies
  • 64

    Communities

  • 6,856

    Units

  • 54

    Cities

1 Community in Florence
Welden Field
Welden Field
  • 13

    Communities

  • 2,234

    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 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity