Logo Montgomery Fair Market Rent FY 2013 Montgomery, AL MSA Rental Data

Fair Market Rent Prices in Montgomery, AL :
$629 $665 $790 $1,086 $1,291
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Montgomery are high compared to the national average. This FMR area is more expensive than 88% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Montgomery is $790 per month.

The previous year, rent for a two-bedroom home was $723 per month. This is a 9.27% increase year-over-year.

This FMR rate applies to Booth, AL, Jones, AL, Plantersville, AL, Billingsley, AL, Autaugaville, AL, Marbury, AL, Verbena, AL, Deatsville, AL, Selma, AL, Prattville, AL and other cities within the region. The Metro Code or CBSA code for this region is METRO33860M33860.

Additionally, This Fair Market Rent (FMR) area Montgomery, AL MSA spans one county or city in Alabama which is listed in the table below. Estimated population of Montgomery, AL MSA FMR area is 54,571 people based on latest Census data.

Compared to the rest of Alabama, the Montgomery FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Montgomery. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Montgomery

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 685
1-BR 1-Bedroom $ 724
2-BR 2-Bedroom $ 860
3-BR 3-Bedroom $ 1183
4-BR 4-Bedroom $ 1406
Change Year:

There is just one county (listed below) within the Montgomery, AL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Montgomery (Selma) and Birmingham (Ann & Tusc).

County / Region Est. Population
Montgomery, AL Metro 54,571
Zip Codes in Montgomery, AL MSA

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

36003, 36006, 36008, 36022, 36051, 36066, 36067, 36068, 36091, 36701, 36703, 36749 and 36758

Lookup Fair Market Rent by Zip Code