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Rental Market Trends in Luverne, AL

What is the average rent in Luverne, AL?

$469/month

Average Rent

750 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of November 2025, the average rent in Luverne, AL is $469 per month. This is 71% lower than the national average rent of $1,630/month, making renting in Luverne more affordable than most cities in the US. When you rent an apartment in Luverne, you can expect to pay about $460 per month for a studio, $469 for a one-bedroom apartment, and around for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$460/month
600 Sq Ft
One Bedroom
$469/month
750 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 Luverne, AL?

In the past year, rent has increased by 1.3%, which averages out to $7 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 November 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Luverne, AL?

Because the average rent in Luverne is $469, you’ll want to make about $1,563 per month or $18,756 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.

City

Luverne, AL

4 Available Apartments for Rent

Search for Nearby Apartments

How does Luverne, AL compare to other nearby cities and neighborhoods?

Use the tool below to compare Luverne, 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.

Apartment Averages

Nearby City Rent Trends

  • Troy Average Rent

Apartment communities in Luverne we think you'll love

Luverne Villas

Luverne Villas

259 W 1st St,
Luverne, AL 36049

Call for Rent

1 Bed

259 W 1st St

259 W 1st St

259 W 1st St,
Luverne, AL 36049

$640

1 Bed

319 Country Ln

319 Country Ln

319 Country Ln,
Luverne, AL 36049

$1,600

3 Beds

Wooddale Apartments

Wooddale Apartments

600 Folmar St,
Troy, AL 36081

$625 - $740

1 Bed

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United States Alabama Luverne 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity