Hoover, AL Rental Market Trends
What is the average rent in Hoover?
The average rent for an apartment in Hoover is $1,043, a 4% increase compared to the previous year, when the average rent was $999.
Average Rent in Hoover, AL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,043 | 4% | 1,077 sq. ft. |
What is the average apartment size in Hoover?
The average size for a Hoover, AL apartment is 1,077 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
- $501-$7002%
- $701-$1,00046%
- $1,001-$1,50051%
- $1,501-$2,0001%
Hoover, AL Occupied Housing Units
- Renter-occupied Households27%
- Owner-occupied Households72%
9,001 or 27% of the households in Hoover, AL are renter-occupied while 23,260 or 72% are owner-occupied.
Hoover, AL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hoover, AL | $890 | $891 | $937 | $942 | $954 | $980 | $999 | $987 | $1,022 | $1,043 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
Average Rent in Hoover, AL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Quail Run | $1,117 |
| Caldwell Crossings | $1,101 |
| Inverness Cobblestone | $1,101 |
| Inverness Cove | $1,101 |
| Inverness Wyngate | $1,101 |
| Mill Springs Estates | $1,101 |
| Chase Lake | $1,100 |
| Lake Cyrus | $1,100 |
| Lakeview | $1,100 |
| Riverchase | $1,100 |
| Southlake | $1,100 |
| Southpointe | $1,100 |
| Trace Crossings | $1,100 |
| Willow Lake | $1,100 |
| Lake Crest | $1,097 |
| Altadena Woods | $1,091 |
| Bluff Park | $1,089 |
| Carisbrooke | $1,089 |
| Country Club Highlands | $1,089 |
| Foxchase | $1,089 |
| Highland Creek | $1,089 |
| Hurricane Creek | $1,089 |
| Martinwood Estates | $1,089 |
| Mountain Oaks | $1,089 |
| Patton Creek | $1,089 |
| Regent Forest | $1,089 |
| Shadesville - Warren Estates | $1,089 |
| The Preserve | $1,089 |
| Genery Gap - Russet Meadows | $1,072 |
| Southwood - Russet Woods | $1,072 |
| Gables - Sterling Oaks | $1,035 |
| Heatherwood | $1,035 |
| River Oaks - Savannah Ridge | $1,035 |
| River Walk | $1,035 |
| Deer Valley | $1,034 |
| Ross Bridge | $1,034 |
| Shannon | $1,034 |
| Green Valley | $1,014 |
| Chapel Hill | $993 |
| Loch Ridge | $993 |
| Lynngate - Tal Heim | $993 |
| River Forest | $993 |
| Vestavia Knolls | $993 |
What are the most affordable neighborhoods in Hoover?
The most affordable neighborhoods in Hoover are Chapel Hill, where the average rent goes for $993/month, Loch Ridge, where renters pay $993/mo on average, and Lynngate - Tal Heim, where the average rent goes for $993/mo. If you’re looking for other great deals, check out the listings from River Forest ($993), Vestavia Knolls ($993), and Green Valley ($1,014), where the asking prices are below the average Hoover rent of $1,043/mo.
What are the most expensive neighborhoods in Hoover?
The most expensive neighborhoods in Hoover are Inverness Cove ($1,101), Inverness Wyngate ($1,101) and Quail Run ($1,117).
What are the most popular neighborhoods in Hoover?
The most popular neighborhood in Hoover is Chase Lake, where there are 3 verified RENTCafé listings with an average rent of $1,100. Next up is River Forest, where apartments go for $993/month, followed by Chapel Hill with $993 If you’re looking to rent in Hoover’s most popular neighborhoods, make sure to also check out Gables - Sterling Oaks, where renters pay $1,035 on average, and River Oaks - Savannah Ridge, where the average monthly rent is $1,035.
Hoover | Rent Comparison by Neighborhood
Rent in Altadena Woods is 1% higher than in Bluff Park
Altadena Woods rent is 5% higher than Hoover average
| Average Rent | $1,091 |
|---|
Bluff Park rent is 4% higher than Hoover average
| Average Rent | $1,089 |
|---|
How Hoover Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Birmingham | $1,107 | 7% |
| Mobile | $938 | 11% |
| Huntsville | $985 | 10% |
| Tuscaloosa | $1,135 | 1% |
| Calera | $1,114 | 25% |
| Hoover | $1,043 | 4% |
| Bessemer | $734 | 7% |
| Homewood | $994 | 4% |
| Vestavia Hills | $1,091 | 6% |
| Alabaster | $897 | 2% |
| Grayson Valley | $1,049 | 12% |