Meadow Oaks
3010 Jones St,
Rainbow City, AL 35906
2-4 Beds | Call for Rent
Rental Market Trends in Rainbow City, AL
Updated July 2026
The average rent in Rainbow City, AL is $784/month.
Rent in Rainbow City is 53% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$784/month
Average Rent
689 Sq Ft
Average Size
-1.2%
Change / Year
32
Available Apartments
Rainbow City rent varies by unit size and layout:
- Studio apartments in Rainbow City average per month.
- One-bedroom apartments in Rainbow City average $784 per month.
- Two-bedroom apartments in Rainbow City average $1,038 per month.
- Three-bedroom apartments in Rainbow City average $1,221 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 Rainbow City, AL?
In the past year, rent has decreased by 1.2%, which averages out to $9 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Rainbow City, AL
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
38%
$700 - $1,000/month
50%
$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 $784, you’ll want to make about $2,613 per month or $31,356 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.
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.
View the Rainbow City Area GuideApartment Communities in Rainbow City We Think You'll Love
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Frequently Asked Questions
What is the average rent in Rainbow City?
The average rent in Rainbow City is $784 per month, which is 52.9% lower than the national average of $1,663.
What is the average rent for a house in Rainbow City?
The average rent for a house in Rainbow City, AL is $1,920 per month.
Are rents going up or down in Rainbow City?
Rents in Rainbow City, AL are decreasing, with prices down 1.2% year-over-year and $9 less per month.
What rent range is most common in Rainbow City?
In Rainbow City, AL, 50% of apartments fall between $1,001 - $1,500/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.