2

Newest Homes for Rent in Mount Olive, AL

Section Image
  • /16

    $1,775 Per Month

    • 3 Beds
    • 2 Baths
    • 1,368 Sq Ft
    • House for Rent

    4493 Canterbury St, Mount Olive, AL 35117

    Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve

    (205) 898-4822

    4493 Canterbury St, Mount Olive, AL 35117
  • /15

    $1,930 Per Month

    • 3 Beds
    • 2 Baths
    • 1,368 Sq Ft
    • House for Rent

    4497 Canterbury St, Mount Olive, AL 35117

    Beautiful, pet-friendly home coming soon! Apply now, Move-In is available on or after the listed date. Upon approval, $500 reservation deposit to reserve (applied to security deposit and/or refundable). Application fee: $50 per adult. Security Deposit: one month?s rent. Pet fees: $250 + $40/mo per pet. Some homes may include pool ($150/mo), septic ($15/mo), and/or HOA fees; other fees may apply.

    (659) 207-4911

    4497 Canterbury St, Mount Olive, AL 35117

Frequently Asked Questions

How much does it cost to rent a home in Mount Olive, AL?
The median rent for a home in Mount Olive, AL is $1,775 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Mount Olive, AL?
To comfortably afford the median rent in Mount Olive, AL, a household needs to earn roughly $71,000 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 $1,775 per month in Mount Olive, AL, renters typically need to show $5,325 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 Mount Olive, AL?
In Mount Olive, AL, the price-to-rent ratio is 14.1, 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 Mount Olive, AL are best for renting a home?
The best neighborhood for renting in Mount Olive, AL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Inglenook, Sherman Heights, Druid Hills, Norwood and Fountain Heights, each with its own character and price range.

Rental Home Trends in Mount Olive, AL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,775
Median Single Family Home Rent
$1,735
How to Rent a Home