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Rental Market Trends in Pelham, AL

What is the average rent in Pelham, AL?

$1,340/month

Average Rent

865 Sq Ft

Average Apartment Size

-5.3%

Decrease in the Last Year

As of March 2026, the average rent in Pelham, AL is $1,340 per month. This is 18% lower than the national average rent of $1,626/month, making renting in Pelham more affordable than most cities in the US. When you rent an apartment in Pelham, you can expect to pay about per month for a studio, $1,340 for a one-bedroom apartment, and around $1,534 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,827 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,340/month
865 Sq Ft
Two Bedroom
$1,534/month
1,128 Sq Ft
Three Bedroom
$1,827/month
1,454 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,758/month
1,127 Sq Ft
Three Bedroom
$1,853/month
1,529 Sq Ft
Four Bedroom
$2,648/month
2,643 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,691/month
502 Sq Ft

How much has average rent changed in Pelham, AL?

In the past year, rent has decreased by 5.3%, which averages out to $71 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Pelham, AL
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Pelham, AL
Percentage*
Rent Range
0% Below $700/month
12% $700 - $1,000/month
38% $1,001 - $1,500/month
25% $1,501 - $2,000/month
25% Above $2,000/month

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

Because the average rent in Pelham is $1,340, you’ll want to make about $4,466 per month or $53,592 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

Pelham, AL

213 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Pelham, 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

  • Hoover Average Rent
  • Vestavia Average Rent

Apartment communities in Pelham we think you'll love

Canopy Park Apartments

Canopy Park Apartments

2100 Canopy Trl,
Pelham, AL 35124

$1,568 - $2,561

1-3 Beds

Meadow Wood Apartment Homes

Meadow Wood Apartment Homes

800 Valleyview Rd,
Pelham, AL 35124

$999 - $1,450

1-3 Beds

Summerchase at Riverchase

Summerchase at Riverchase

100 Summerchase Dr,
Hoover, AL 35244

$964 - $1,381

1-2 Beds

Terrace 31

Terrace 31

2059 Little Mountain Cir,
Pelham, AL 35124

$1,085

1-2 Beds

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United States Alabama Pelham 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 February 2026.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity