Summer Waters Apartments
515 George Wallace Dr,
Gadsden, AL 35903
1-3 Beds | $725 - $950
Rental Market Trends in Gadsden, AL
What is the average rent in Gadsden, AL?
$765/month
Average Rent
636 Sq Ft
Average Apartment Size
+0.7%
Increase in the Last Year
As of May 2025, the average rent in Gadsden, AL is $765 per month. This is 53% lower than the national average rent of $1,625/month, making renting in Gadsden more affordable than most cities in the US. When you rent an apartment in Gadsden, you can expect to pay about $740 per month for a studio, $765 for a one-bedroom apartment, and around $878 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $914 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 Gadsden, AL?
In the past year, rent has increased by 0.7%, which averages out to $6 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 May 2025
Legend
2024
2025
Rent Ranges in Gadsden, AL
Last Updated May 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
36%
Below $700/month
55%
$700 - $1,000/month
9%
$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 Gadsden, AL?
Because the average rent in Gadsden is $765, you’ll want to make about $2,550 per month or $30,600 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 Gadsden, AL is 14.3% lower than the national average. Generally, housing in Gadsden is 45.0% less expensive than the national average, with rent falling between $740 - $914. You can expect to pay 15.4% less for groceries, 32.1% more for utilities, and 18.6% more for transportation.
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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 February 2025.
* Percentages may not total 100 due to rounding.