Birmingham is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. Living here means being within walking distance of some of Alabama’s finest shopping, dining, and nightlife. You can even pick up some great produce at the Farmer’s Market when you’re off work! But when you're searching for Downtown Birmingham Apartments it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.
That's exactly why ABODO exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of apartments in downtown Birmingham to choose from!
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the March 2021 Birmingham Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2021 key findings and figures for the Birmingham rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Birmingham and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Birmingham rent prices in the chart below.
Birmingham rent prices decreased over the last month. From February to March, the city experienced a -7.16% decrease for the price of a one-bedroom apartment. The rent price for a Birmingham one-bedroom apartments currently stands at $1,128.0.
When we take a look at the two-bedroom comparison from February to March, Birmingham experienced a -1.31% decrease for the price of a two-bedroom apartment. The rent price for a Birmingham two-bedroom apartments currently stands at $1,132.0.
Rent prices have decreased in Birmingham over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Birmingham suburb increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Moody, AL .
Rent decreased in Hoover, AL, Homewood, AL, Vestavia Hills, AL.
1 suburb is currently priced higher than the city of Birmingham.
3 suburbs are currently priced lower than the city of Birmingham.
Rent growth in Birmingham over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Birmingham rent prices appear to be relatively affordable for local residents.
The price for a Birmingham one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's March 2021 National Apartment Report and data set here.
For more information about Birmingham and surrounding area rent prices, take a look at the complete data set below.
|1 BR March||1 BR M/M % Change||2 BR March||2 BR M/M % Change|
|Vestavia Hills, AL||$1,387.0||-1.77%||$1,703.0||-0.18%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.