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Studio Apartments for Rent in Florence, AL

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    Starting at $375 Per Month

    • Studio - 2 Beds

    201 N Pine St, Florence, AL 35630

    Professionally managed by Dalcor Management, Courtivew Towers offers clean and comfortable apartments for rent. Located in Florence, Courtview is conveniently located to a number of shops, restaurants and the University of North Alabama. Several unit rates are based on income so please stop by if you have any questions on availability or rates. The office is open from 9:00am to 4:00pm Monday

    Courtview Towers

    201 N Pine St, Florence, AL 35630
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    Starting at $650 Per Month

    • Studio - 2 Beds

    425 W Tennessee St, Florence, AL 35630

    Welcome to West Tennessee Street Complex in Florence, AL! Our apartments offer off-street parking for your convenience. Stay comfortable year-round with ceiling fans and dual heat/cool window units. Enjoy cooking in your updated kitchen with new appliances. Located near UNA campus and just a short distance from downtown Florence, our apartments are perfect for those looking for a convenient and

    West Tennessee Street

    425 W Tennessee St, Florence, AL 35630
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    $650

    Total Monthly Price

    • Studio
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    120 Circular Rd Unit Apartment 4, Florence, AL 35630

    Spacious apartment. Stainless Steel appliances. Prime location near UNA and downtown Florence. Fast-speed internet (wi-fi), water, and sewage included in rental price.

    120 Circular Rd Unit Apartment 4, Florence, AL 35630

Why Live in Florence

Florence's rich musical heritage comes alive through attractions like the W.C. Handy Birthplace Museum, celebrating the "Father of the Blues." The city's cultural scene thrives with the Kennedy-Douglass Center for the Arts' rotating exhibits and live performances at the historic Shoals Theatre. McFarland Park provides scenic Tennessee River access for picnicking and walking, while Wilson Park serves as a downtown community gathering space. Architecture buffs will appreciate the Frank Lloyd Wright-designed Rosenbaum House, Alabama's only Wright creation. The University of North Alabama campus features a unique live lion habitat, adding to the city's distinctive character.

The Florence housing market includes single family homes, townhomes, and condos across diverse neighborhoods. Single family homes in Forest Hills command a median price of $275,000, while Downtown Florence's median price sits at $255,000. Hickory Hills represents the highest median price point at $304,500. Two bedroom condos typically sell for a median price of $345,000, and townhomes have a median price of $197,500.

Florence's cost of living stands 16.3% below the national average. A family with school age children needs approximately $89,000 annually to live comfortably, while renters require about $41,000. Property taxes remain competitive at 0.38%, lower than many comparable cities. The combined sales tax rate is 9.43%. Monthly grocery costs average $1,500 for families and $700 for renters. Housing expenses run approximately $1,500 monthly for families and $1,000 for renters. The city has two A rated schools: Kilby Laboratory School and St. Joseph Regional Catholic School, serving multiple neighborhoods including North Florence and Downtown Florence.

Frequently Asked Questions

How much does it cost to rent a home in Florence, AL?
The median rent for a home in Florence, AL is $997 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Florence, AL?
To comfortably afford the median rent in Florence, AL, a household needs to earn roughly $39,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $997 per month in Florence, AL, renters typically need to show $2,991 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Florence, AL?
In Florence, AL, the price-to-rent ratio is 16.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$997
Median Single Family Home Rent
$1,300
Median Townhouse Rent
$1,775
Median Condo Rent
$750
How to Rent a Home