Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Montgomery Fair Market Rent FY 2020 Montgomery, AL MSA Rental Data

Fair Market Rent Prices in Montgomery, AL :
$583 $702 $830 $1,047 $1,425
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 78% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Montgomery is $830 per month.

The previous year, rent for a two-bedroom home was $825 per month. This is a 0.61% increase year-over-year.

This FMR rate applies to Booth, AL, Mount Meigs, AL, Pine Level, AL, Jones, AL, Coosada, AL, Plantersville, AL, Billingsley, AL, Letohatchee, AL, Lowndesboro, AL, Ramer, 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 four counties or cities in Alabama which ares listed in the table below. Estimated population of Montgomery, AL MSA FMR area is 373,505 people based on latest Census data.

Compared to the rest of Alabama, the Montgomery FMR area is more expensive than 92% 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 $ 615
1-BR 1-Bedroom $ 741
2-BR 2-Bedroom $ 876
3-BR 3-Bedroom $ 1105
4-BR 4-Bedroom $ 1504
Change Year:

The counties, cities, towns, and regions listed below fall into the Montgomery, AL MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Montgomery (Selma) and Birmingham (Ann & Tusc).

County / Region Est. Population
Autauga County, AL Metro 55,035
Elmore County, AL Metro 80,990
Lowndes County, AL Metro 10,360
Montgomery County, AL Metro 227,120
Zip Codes in Montgomery, AL MSA

There are 53 unique zip codes in this Fair Market Rent (FMR) area:

36003, 36006, 36008, 36020, 36022, 36024, 36025, 36040, 36043, 36047, 36051, 36054, 36057, 36064, 36065, 36066, 36067, 36068, 36069, 36078, 36091, 36092, 36093, 36101, 36102, 36103, 36104, 36105, 36106, 36107, 36108, 36109, 36110, 36111, 36112, 36113, 36114, 36115, 36116, 36117, 36118, 36120, 36121, 36123, 36124, 36125, 36130, 36131, 36701, 36703, 36749, 36752 and 36758

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