Average rent in Mobile

Average rent in Mobile,AL

The average rent in Mobile, AL has been gradually increasing over the years. In 2023, the average rent is projected to be $1,400 per month. This is a significant increase from 2018, when the average rent was $900 per month. Moreover, from 2018 to 2023, the average rent has been rising steadily each year, with a $100 increment each year. Furthermore, the cost of living in Mobile, AL has been going up, and rent has not been an exception. Despite the high cost of living, Mobile, AL remains a desirable place to live, work and enjoy life. Therefore, it is essential to keep track of the average rent for Mobile, AL to make informed decisions on housing, particularly for those who are planning to relocate to this great city.

Average rent in Mobile,AL for 1-bedroom

In 2023, the average rent in Mobile, AL for a 1-bedroom apartment is projected to be $1,250 per month. This figure represents a notable increase from the previous years, as in 2022 the average rent was $1,100 and in 2021 it was $1,000. Furthermore, this trend is expected to continue with a predicted rise to $1,350 in 2024. Despite these increases, some may find that the amenities and quality of life in Mobile make it a worthwhile investment, especially for those seeking a Southern lifestyle with easy access to the Gulf Coast.

Average rent in Mobile,AL for 2-bedroom

In 2023, the average rent in Mobile, AL for a 2-bedroom apartment is expected to be $1,400 per month. This represents a significant increase from the previous year’s average rent of $1,100. However, it is still lower than the 2019 average rent of $1,300. Despite this increase, Mobile retains its reputation as an affordable city for renters compared to other major urban centers across the US. Consequently, it is predicted that the demand for rental properties in Mobile will continue to rise, particularly among young professionals and families drawn to the city’s many cultural attractions and outdoor recreation opportunities.

Average rent in Mobile,AL for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Mobile, AL is estimated to be $1,700 per month. This represents a slight increase from the previous year’s average of $1,150. Over the past five years, the average rent for a 3-bedroom apartment in Mobile has steadily risen from $1,050 in 2018. However, despite this gradual increase, Mobile remains one of the more affordable cities in the state of Alabama for renters. Additionally, with plenty of new developments and construction projects underway, it’s possible that rental prices in Mobile could continue to rise in the coming years.

Average rent in Mobile,AL for studio

In 2023, the average rent in Mobile, AL for studio apartments is expected to be $850 per month, which represents a significant increase compared to the previous years. In 2022, the average price was $750, whereas in 2021 it was $650. This upward trend can be attributed to various factors, such as population growth and increased demand for rental properties in the area. Furthermore, it is worth noting that neighboring cities like Birmingham and Montgomery have also experienced similar rent increases over the past few years. Overall, these figures suggest that the cost of living in Alabama is on the rise, and it may be necessary for renters to be more strategic in their apartment search moving forward.

Average rent in Mobile,AL for townhouse

According to recent statistics, the average rent for townhouses in Mobile, AL is expected to increase by 5% in 2023. This comes as no surprise, considering that the median rent has steadily risen over the past few years. In 2020, the average rent for a townhouse in Mobile was $1,200, followed by a slight increase to $1,250 in 2021. By 2022, the average rent had climbed to $1,350. Thus, a 5% increase in 2023 translates to an average rent of $1,817, proving how the cost of renting a townhouse in Mobile, AL has risen significantly over time. Consequently, tenants could be under pressure to pay higher prices, and it remains important for them to research thoroughly and budget diligently before renting a townhouse in the city.

Average rent in Mobile,AL by Neighborhood

– Downtown Mobile: $1,500 – $1,900
– Midtown Mobile: $1,200 – $1,600
– Spring Hill: $1,600 – $2,200
– West Mobile: $1,300 – $1,800
– Tillman’s Corner: $1,100 – $1,600
– Theodore: $1,200 – $1,600
– Saraland: $1,200 – $1,700
– Chickasaw: $1,000 – $1,400

Most expensive neighborhoods in Mobile,AL

Mobile, Alabama has several upscale neighborhoods that attract affluent residents seeking luxurious living environments. Some of the most expensive neighborhoods in Mobile include Spring Hill, Fairhope, and Point Clear. These neighborhoods feature stunning waterfront properties, spacious homes with exquisite architectural designs, and exclusive amenities such as private golf courses, tennis courts, and clubhouses. With its vibrant cultural scene, abundant outdoor activities, and Southern charm, these neighborhoods offer a unique living experience for those who can afford it.

Most affordable neighborhoods in Mobile,AL

Mobile, AL has a variety of neighborhoods that offer welcoming communities and affordable living options. Among these, some of the most affordable neighborhoods include Maysville, Toulminville, and Plateau. These areas offer lower cost housing options compared to other parts of the city, without sacrificing essential amenities like grocery stores, restaurants, and parks. Additionally, these neighborhoods are conveniently located close to major highways and public transit, making them accessible for commuters. Whether you’re a student, young professional, or growing family, these affordable neighborhoods in Mobile, AL offer a great quality of life without breaking the bank.

Most popular neighborhoods in Mobile,AL

Mobile, AL is a thriving city that offers a diverse range of neighborhoods for residents to call home. Midtown is one of the most popular neighborhoods and boasts beautiful tree-lined streets, historic homes, and a lively atmosphere. Downtown Mobile is another highly sought-after location, with a variety of restaurants, shops, and entertainment options within walking distance. West Mobile is also a desirable neighborhood, featuring well-maintained homes and access to excellent schools, shopping, and dining. Whether you are searching for a family-friendly community or a vibrant urban experience, Mobile, AL has something to offer everyone.

Comparison with other cities

1. Mobile, AL – $924
2. Birmingham, AL – $1,005
3. Huntsville, AL – $983
4. Montgomery, AL – $797
5. Chattanooga, TN – $1,021
6. Knoxville, TN – $1,011
7. Nashville, TN – $1,467
8. Memphis, TN – $889
9. New Orleans, LA – $1,324
10. Baton Rouge, LA – $967
11. Houston, TX – $1,096
12. Dallas, TX – $1,165
13. Atlanta, GA – $1,486
14. Charlotte, NC – $1,276
15. Charleston, SC – $1,548

FAQ

Q: What is the average rent in Mobile, AL?
A: As of 2023, the average rent in Mobile, AL is $1,400 per month.

Q: Has the average rent in Mobile, AL increased or decreased in recent years?
A: Yes, the average rent in Mobile, AL has increased in recent years. In 2022, it was $990 per month, but it has since risen to $1,027 in 2023.

Q: What types of housing are available for rent in Mobile, AL?
A: There are a variety of housing options available for rent in Mobile, AL, including single-family homes, apartments, townhomes, and condos.

Q: What factors affect the cost of rent in Mobile, AL?
A: The cost of rent in Mobile, AL is affected by several factors, including location, property size, and amenities. Properties closer to downtown or the water tend to have higher rent prices, while properties with more amenities like a pool, gym, or upgraded appliances may also have higher prices.

Q: How does the average rent in Mobile, AL compare to other cities in Alabama?
A: Compared to other cities in Alabama, Mobile has a slightly higher average rent. For example, in Birmingham, the average rent is $1,012 per month, while in Montgomery it is $985 per month.

Q: Is it possible to find affordable rent in Mobile, AL?
A: Yes, while the average rent in Mobile, AL is $1,027 per month, there are still affordable housing options in the area. It is important to do research, compare prices and amenities, and consider living a bit further away from downtown or the water to find more affordable housing options.

Sources

The Mobile Housing Board – https://www.mobilehousing.org/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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