Summer Waters Apartments
515 George Wallace Dr,
Gadsden, AL 35903
1-3 Beds | $775 - $1,000
Rental Market Trends in Gadsden, AL
Updated August 2026
The average rent in Gadsden, AL is $785/month.
Rent in Gadsden is 53% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$785/month
Average Rent
638 Sq Ft
Average Size
-0.1%
Change / Year
57
Available Apartments
Gadsden rent varies by unit size and layout:
- Studio apartments in Gadsden average $749 per month.
- One-bedroom apartments in Gadsden average $785 per month.
- Two-bedroom apartments in Gadsden average $889 per month.
- Three-bedroom apartments in Gadsden average $971 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Gadsden, AL?
In the past year, rent has decreased by 0.1%, which averages out to $0 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Gadsden, AL
August 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
40%
Below $700/month
60%
$700 - $1,000/month
0%
$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 $785, you’ll want to make about $2,616 per month or $31,392 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 15.0% lower than the national average. Generally, housing in Gadsden is 42.4% less expensive than the national average, with rent falling between $749 - $971. You can expect to pay 15.7% less for groceries, 30.9% more for utilities, and 18.5% more for transportation.
How does Gadsden, AL compare to other nearby cities and neighborhoods?
Use the tool below to compare Gadsden, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Gadsden We Think You'll Love
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Frequently Asked Questions
What is the average rent in Gadsden?
The average rent in Gadsden is $785 per month, which is 52.8% lower than the national average of $1,664.
What is the average rent for a house in Gadsden?
The average rent for a house in Gadsden, AL is $1,172 per month.
Are rents going up or down in Gadsden?
Rents in Gadsden, AL are decreasing, with prices down 0.1% year-over-year and less per month.
What rent range is most common in Gadsden?
In Gadsden, AL, 60% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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.