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Huntsville rental rates on the rise, but it could be worse
We all know that Huntsville is the fastest growing city in Alabama — also one of the fastest growing cities in the U.S. — and one of the reasons cited for the city’s growth is its affordable housing. But the growth has sparked demand which in turn has caused Huntsville rental rates to increase.
Although not the most expensive rates in the state, Huntsville rental rates for apartments increased by 12 percent from 2021, according to REINation.com. Here’s a look at where Huntsville stands:
Read more: Huntsville rental rates on the rise, but it could be worseAverage Huntsville Rental Rates
According to RentCafe.com, average Huntsville rental rates stand at $1,151, which is up 12 percent from rental rates in 2021. This places the Rocket City above most cities in Alabama, but behind Auburn, Birmingham and Tuscaloosa as the state’s most expensive city for renters. Obviously college towns are going to be slightly higher than other cities, but Huntsville is among the most expensive.
However, Huntsville’s neighbor — Madison– shows some of the highest rental rates of any city in the state, and has an average rental rate nearly $200/month higher than Huntsville.
For comparison, here’s the average monthly rent for apartments in other cities in Alabama:
- Auburn: $1,445
- Madison: $1,323
- Birmingham: $1,280
- Tuscaloosa: $1,230
- Huntsville: $1,151
- Montgomery: $1,086
- Mobile: $1,081
- Phenix City: $1,036
- Athens: $877
- Decatur: $796
Huntsville apartment rent by neighborhood
RentCafe also lists the neighborhoods in Huntsville with the highest apartment rental rates, and listed these 10 communities as having the highest rental rates in Huntsville:
| Community | Average Rent per unit |
| The Ridge | $1,457 |
| Summerfield – Phillips Creek | $1,391 |
| Ashton Springs | $1,381 |
| Ashton Springs – West Park | $1,381 |
| Brockway Place | $1,381 |
| Brookside – Cotton Junction | $1,381 |
| Cummings Research Park West | $1,381 |
| Hidden Creek – Thomas Manor | $1,381 |
| Indian Creek Cove | $1,381 |
| Jacobs Pointe – Chaney’s Cove | $1,381 |
The most affordable neighborhoods in Huntsville, according to RentCafe, are Baker Park, where the average rent goes for $716/month, Blue Haven – Holly Acres, where renters pay $716/month on average and Brookhurst, where the average rent goes for $716/month.
More apartments in Huntsville
To accommodate the rapid growth in Huntsville and surrounding areas, apartment complexes and multi-use developments are sprputing up eberywhere around town, and more are coming.
Building permits have been issued in the last six months for a bevy of multi-family developments, including:
Rental rates for these new complexes have not been disclosed but these new developments will likely not lower the average rental rate in Huntsville, as they offer prime amenities and location.
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