$1,795 Per Month
- 3 Beds
- 2.5 Baths
- 1,915 Sq Ft
- House for Rent
1123 Freedom Pkwy, Montevallo, AL 35115
1123 Freedom Pkwy, Montevallo, AL 35115
Frequently Asked Questions
How much does it cost to rent a home in Montevallo, AL?
The median rent for a home in Montevallo, AL is $1,355 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Montevallo, AL?
To comfortably afford the median rent in Montevallo, AL, a household needs to earn roughly $54,200 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 $1,355 per month in Montevallo, AL, renters typically need to show $4,065 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 Montevallo, AL?
In Montevallo, AL, the price-to-rent ratio is 17.2, 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 Montevallo, AL are best for renting a home?
The best neighborhood for renting in Montevallo, AL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Ross Bridge, Cahaba Heights and Sand Ridge, each with its own character and price range.
