Apartments in Maple Grove Birmingham

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21
$925
Birmingham, AL
2 BR | Available Now
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17
$995
Birmingham, AL
3 BR | Available Now
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23
$740 - 1,299
660 Valley Crest Dr Birmingham, AL
1 - 3 BR | Available Now
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14
$840
Birmingham, AL
2 BR | Available Now
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11
$1,050
Birmingham, AL
3 BR | Available Now
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15
$975
Birmingham, AL
3 BR | Available Now
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17
$1,295
Birmingham, AL
3 BR | Available Now
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Birmingham:
March Rent Report

Welcome to the March 2024 Birmingham Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 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 average rent prices in the chart below.

Monthly Rent Report

$1,450
$1,090
$730
$360
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Birmingham Rent Prices Decrease From February to March

Birmingham rent prices decreased over the last month. From February to March, the city experienced a -0.3% decrease for the price of a one-bedroom apartment. The rent price for a Birmingham one-bedroom apartments currently stands at $999.0.

When we take a look at the two-bedroom comparison from February to March, Birmingham experienced a 1.54% increase for the price of a two-bedroom apartment. The rent price for a Birmingham two-bedroom apartments currently stands at $1,251.0.

March Prices: Birmingham vs. Surrounding Areas

Gardendale, AL
Homewood, AL
Hoover, AL
Birmingham, AL
Fultondale, AL
Vestavia Hills, AL
Bessemer, AL
$1,437
$1,210
$1,005
$1,002
$961
$916
$724
$0
$500
$1,000
$1,500
$2,000
Median 1 BR Rent

Rent Prices in Birmingham and Surrounding Areas

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 4 of the Birmingham suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Hoover, AL, Homewood, AL, Gardendale, AL, Vestavia Hills, AL .

  • Rent decreased in Fultondale, AL, Bessemer, AL.

  • 3 suburbs are currently priced higher than the city of Birmingham.

  • 3 suburbs are currently priced lower than the city of Birmingham.

March 2024 Pricing Trends: Birmingham vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Birmingham, AL
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$1,002
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Birmingham Rent Prices More Affordable Than Major Cities

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 average 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.

For more information about Birmingham and surrounding area rent prices, take a look at the complete data set below.

Data set for Birmingham and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Birmingham, AL $1,002.0 -0.30% $1,232.0 0.57%
Hoover, AL $1,005.0 0.60% $1,160.0 -0.26%
Homewood, AL $1,210.0 12.56% $1,664.0 5.72%
Gardendale, AL $1,437.0 1.06% $1,409.0 3.15%
Fultondale, AL $961.0 0.00% $1,141.0 7.74%
Vestavia Hills, AL $916.0 0.22% $1,256.0 3.03%
Bessemer, AL $724.0 -0.41% $828.0 -8.91%

Methodology

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.