$1,725 Per Month
- 3 Beds
- 2 Baths
- 1,728 Sq Ft
- House for Rent
744 Ledyard Place, Montgomery, AL 36109
744 Ledyard Place, Montgomery, AL 36109
Frequently Asked Questions
How much does it cost to rent a single-family home in Montgomery, AL?
The median rent for a single-family home in Montgomery, AL is $1,525 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Montgomery, AL?
To comfortably afford the median rent in Montgomery, AL, a household needs to earn roughly $58,000 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 $1,450 per month in Montgomery, AL, renters typically need to show $4,350 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 Montgomery, AL?
In Montgomery, AL, the price-to-rent ratio is 11.7, 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 Montgomery, AL are best for renting a single-family home?
The best neighborhood for renting in Montgomery, AL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Forest Park, East Montgomery, Old Cloverdale, Cloverdale-Idlewild and Highland Park, each with its own character and price range.
