Hoover, AL Rental Market Trends

Highlights

The average rent for an apartment in Hoover is $937, a 6% increase compared to the previous year, when the average rent was $882.

Average Rent in Hoover, AL

Last updated Mar 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$937	6%	1,084 sq. ft.

The average size for a Hoover, AL apartment is 1,084 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Hoover, AL Apartment Rent Ranges

< $5001%
$501-$7005%
$701-$1,00063%
$1,001-$1,50030%

Hoover, AL Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Mar / 2019
Hoover, AL	$851	$877	$865	$876	$900	$882	$890	$891	$937
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Hoover, AL By Neighborhood

Average Rent
Neighborhood	Average Rent
Vestavia Knolls	$876
River Forest	$876
Lynngate - Tal Heim	$876
Loch Ridge	$876
Chapel Hill	$876
Green Valley	$905
River Walk	$925
River Oaks - Savannah Ridge	$925
Heatherwood	$925
Gables - Sterling Oaks	$925
Shannon	$954
Ross Bridge	$954
Deer Valley	$954
Southwood - Russet Woods	$976
Genery Gap - Russet Meadows	$976
Willow Lake	$1,002
Trace Crossings	$1,002
Southpointe	$1,002
Southlake	$1,002
Riverchase	$1,002
Lakeview	$1,002
Lake Cyrus	$1,002
Chase Lake	$1,002
Lake Crest	$1,004
Altadena Woods	$1,006
The Preserve	$1,008
Shadesville - Warren Estates	$1,008
Regent Forest	$1,008
Patton Creek	$1,008
Mountain Oaks	$1,008
Martinwood Estates	$1,008
Hurricane Creek	$1,008
Highland Creek	$1,008
Foxchase	$1,008
Country Club Highlands	$1,008
Carisbrooke	$1,008
Bluff Park	$1,008
Quail Run	$1,009
Mill Springs Estates	$1,018
Inverness Wyngate	$1,027
Inverness Cove	$1,027
Inverness Cobblestone	$1,027
Caldwell Crossings	$1,027

The most affordable neighborhoods in Hoover are Chapel Hill, where the average rent goes for $876/month, Loch Ridge, where renters pay $876/mo on average, and Lynngate - Tal Heim, where the average rent goes for $876/mo. If you’re looking for other great deals, check out the listings from River Forest ($876), Vestavia Knolls ($876), and Green Valley ($905), where the asking prices are below the average Hoover rent of $937/mo.

The most expensive neighborhoods in Hoover are Inverness Cobblestone ($1,027), Inverness Cove ($1,027) and Inverness Wyngate ($1,027).

Hoover | Rent Comparison by Neighborhood

Rent in Altadena Woods is 1% lower than in Bluff Park

$1,006

Altadena Woods rent is 7% higher than Hoover average

Average Rent	$1,006

$1,008

Bluff Park rent is 8% higher than Hoover average

Average Rent	$1,008

How Does Hoover Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Birmingham	$966	6%
Homewood	$891	3%
Vestavia Hills	$1,006	7%
Center Point	$626	2%
Grayson Valley	$899	8%
Tarrant	$582	5%
Bessemer	$647	3%
Hoover	$937	6%
Hueytown	$672	4%

For more information about the Hoover rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hoover apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.