2

Newest Homes for Rent in Steele, AL

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  • /25

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • House for Rent

    22468 US Hwy 11, Steele, AL 35987

    NEW CUSTOM CABIN! This 1 bedroom 1 bath cabin has the feel of being in the mountains. It has a fridge, oven, washer and dryer hook ups, and a loft that has its own deck! No Pets. NEW CUSTOM CABIN! This 1 bedroom 1 bath cabin has the feel of being in the mountains. It has a fridge, oven, washer dryer hook ups, and a loft that has its own deck!

    22468 US Hwy 11, Steele, AL 35987
  • /11

    $1,350

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,568 Sq Ft
    • House for Rent

    4365 Pope Ave, Steele, AL 35987

    3BR/1.5 Bath Home with some recent updates. The property has an eat-in kitchen plus a dining room and large living area. Spacious laundry room with Washer/Dryer hookups. The house includes a covered car port and a small detached storage building on the property. Lawn maintenance and Pest Control services are included.Online application process including credit and background checks.

    4365 Pope Ave, Steele, AL 35987

Frequently Asked Questions

How much does it cost to rent a home in Steele, AL?
The median rent for a home in Steele, AL is $1,062 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Steele, AL?
To comfortably afford the median rent in Steele, AL, a household needs to earn roughly $42,480 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 $1,062 per month in Steele, AL, renters typically need to show $3,186 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 Steele, AL?
In Steele, AL, the price-to-rent ratio is 16.2, 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.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,062
Median Single Family Home Rent
$1,063
How to Rent a Home