RentData

Average Rent in Mobile, AL🔺 7th priciest in AL

HUD FY2025 · Official government data · Updated annually · Metro pop. 413,162

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Mobile, AL has rental prices ranging from $812/month to $1,464/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $908/month — 35% below the national average of $1,400/month. With a median household income of $58,119/year, spending $908/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Mobile Compares

With an average 2-bedroom rent of $1,094/month, Mobile ranks #7 most expensive of the 58 cities tracked in Alabama — pricier than 74% of all US cities in our data.

The Mobile Rental Market

The Mobile, AL area has a population of about 413,162 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Mobile, AL have fallen by $0/month (0.0%) over the past year, from $1,094 to $1,094. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Mobile, AL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $36,320. The local median household income of $58,119 exceeds that threshold by $21,799, making Mobile relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Mobile, AL is $198,986, giving a price-to-rent ratio of 15.2. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Mobile's neighborhoods. Among the highest-value areas are Fisher ($39,785 median home value), Neely ($49,544 median home value), Owens ($53,364 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$812
Affordable
1 Bedroom
$908
Affordable
2 Bedrooms
$1,094
0.0% YoY
Affordable
3 Bedrooms
$1,441
Affordable
4 Bedrooms
$1,464
Average
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Median Home Value
$198,986
Source: Zillow ZHVI
Est. monthly payment
$1,059/mo
20% down · 30yr · 7%

Is Mobile, AL Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$43,760/year
Local median income: $58,119
To buy a median home
$42,363/year
US national median: $75,000
💡 Based on a 2BR rent of $1,094/month and 20% down on a $198,986 home at 7% rate.

Nearby Cities in ALlargest metros in the state

CityStudio1BR2BR3BRHome Value
Birmingham$998$1,144$1,267$1,583
Huntsville$928$1,071$1,248$1,609
Washington County$810$908$1,092$1,435
Montgomery$848$888$1,055$1,345
Columbus$883$937$1,108$1,463
Greene County$813$819$1,074$1,294

Rent or Buy in Mobile?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Mobile data

$
Home Value
$198,986
2BR Rent
$1,094/mo
Mortgage Rate
7%
Monthly P&I
$1,059/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,465/movs rent: $1,094/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $198,986 home at 7% rate

20% — $39,797
3%50%
Estimated Monthly Payment
$1,059
per month · 30 years · 7% APR
Loan Amount
$159,189
Total Paid
$381,271
Total Interest
$222,082
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Mobile

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Frequently Asked Questions

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🏘️Neighborhoods in Mobile

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Mobile

Is it cheaper to rent or buy here?

💵Rent Affordability in Mobile

Salary needed to afford rent here

🗺️All Cities in AL

See how Mobile ranks statewide

⚖️Compare Mobile

Side-by-side rent & cost of living with any city

📋AL Tenant Rights

Deposit limits, eviction laws & renters protections