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Rental Market Trends in Rainbow City, AL

What is the average rent in Rainbow City, AL?

$793/month

Average Rent

689 Sq Ft

Average Apartment Size

+6.9%

Increase in the Last Year

As of September 2025, the average rent in Rainbow City, AL is $793 per month. This is 52% lower than the national average rent of $1,639/month, making renting in Rainbow City more affordable than most cities in the US. When you rent an apartment in Rainbow City, you can expect to pay about per month for a studio, $793 for a one-bedroom apartment, and around $1,037 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,089 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$793/month
689 Sq Ft
Two Bedroom
$1,037/month
934 Sq Ft
Three Bedroom
$1,089/month
1,139 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 Rainbow City, AL?

In the past year, rent has increased by 6.9%, which averages out to $55 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Rainbow City, AL
Last Updated September 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Rainbow City, AL
Percentage*
Rent Range
12% Below $700/month
50% $700 - $1,000/month
38% $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 Rainbow City, AL?

Because the average rent in Rainbow City is $793, you’ll want to make about $2,643 per month or $31,716 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

Rainbow City, AL

68 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Rainbow City, 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 Rainbow City, AL

Apartment Averages

Apartment communities in Rainbow City we think you'll love

The Reserve at Christopher St.

The Reserve at Christopher St.

164 Christopher St,
Rainbow City, AL 35906

$1,299

2 Beds

Orleans Apartments

Orleans Apartments

112 Ilene Street,
Rainbow City, AL 35906

$949 - $1,149

1-2 Beds

Sutton Bridge

Sutton Bridge

98 Sutton Cir,
Rainbow City, AL 35906

$1,085 - $1,240

2-3 Beds

Spring Lake Lodge

Spring Lake Lodge

3715 Rainbow Dr,
Rainbow City, AL 35906

$715 - $1,175

1-3 Beds

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United States Alabama Rainbow City 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity