$1,595 Per Month
- 1 Bed
- 1 Bath
- 1,150 Sq Ft
- Condo for Rent
558 St Francis St Unit 2D, Mobile, AL 36602
558 St Francis St Unit 2D, Mobile, AL 36602
Frequently Asked Questions
How much does it cost to rent a condo in Mobile, AL?
The median rent for a condo in Mobile, AL is $1,400 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Mobile, AL?
To comfortably afford the median rent in Mobile, AL, a household needs to earn roughly $60,000 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 $1,500 per month in Mobile, AL, renters typically need to show $4,500 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 Mobile, AL?
In Mobile, AL, the price-to-rent ratio is 13.8, 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.
What neighborhoods in Mobile, AL are best for renting a condo?
The best neighborhood for renting in Mobile, AL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Midtown Mobile, Lyons Park and Downtown Mobile, each with its own character and price range.
