Hoover, AL Rental Market Trends
Highlights
The average rent for an apartment in Hoover is $999, a 6% increase compared to the previous year, when the average rent was $942.
Average Rent in Hoover, AL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $999 | 6% | 1,077 sq. ft. |
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-$7005%
- $701-$1,00049%
- $1,001-$1,50045%
- $1,501-$2,0001%
Hoover, AL Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
9,653 or 29% of the households in Hoover, AL are renter-occupied while 23,032 or 70% are owner-occupied.
Hoover, AL Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | May / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hoover, AL | $876 | $900 | $882 | $890 | $891 | $937 | $942 | $954 | $980 | $999 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Hoover, AL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Vestavia Knolls | $940 |
| River Forest | $940 |
| Lynngate - Tal Heim | $940 |
| Loch Ridge | $940 |
| Chapel Hill | $940 |
| Green Valley | $959 |
| Shannon | $969 |
| Ross Bridge | $969 |
| Deer Valley | $969 |
| River Walk | $995 |
| River Oaks - Savannah Ridge | $995 |
| Heatherwood | $995 |
| Gables - Sterling Oaks | $995 |
| The Preserve | $1,026 |
| Shadesville - Warren Estates | $1,026 |
| Regent Forest | $1,026 |
| Patton Creek | $1,026 |
| Mountain Oaks | $1,026 |
| Martinwood Estates | $1,026 |
| Hurricane Creek | $1,026 |
| Highland Creek | $1,026 |
| Foxchase | $1,026 |
| Country Club Highlands | $1,026 |
| Carisbrooke | $1,026 |
| Bluff Park | $1,026 |
| Altadena Woods | $1,027 |
| Inverness Wyngate | $1,029 |
| Inverness Cove | $1,029 |
| Inverness Cobblestone | $1,029 |
| Caldwell Crossings | $1,029 |
| Southwood - Russet Woods | $1,047 |
| Genery Gap - Russet Meadows | $1,047 |
| Mill Springs Estates | $1,048 |
| Lake Crest | $1,063 |
| Willow Lake | $1,080 |
| Trace Crossings | $1,080 |
| Southpointe | $1,080 |
| Southlake | $1,080 |
| Riverchase | $1,080 |
| Lakeview | $1,080 |
| Lake Cyrus | $1,080 |
| Chase Lake | $1,080 |
| Quail Run | $1,081 |
The most affordable neighborhoods in Hoover are Chapel Hill, where the average rent goes for $940/month, Loch Ridge, where renters pay $940/mo on average, and Lynngate - Tal Heim, where the average rent goes for $940/mo. If you’re looking for other great deals, check out the listings from River Forest ($940), Vestavia Knolls ($940), and Green Valley ($959), where the asking prices are below the average Hoover rent of $999/mo.
The most expensive neighborhoods in Hoover are Trace Crossings ($1,080), Willow Lake ($1,080) and Quail Run ($1,081).
The most popular neighborhood in Hoover is River Oaks - Savannah Ridge, where there are 4 verified RENTCafé listings with an average rent of $995. Next up is Chase Lake, where apartments go for $1,080/month, followed by Gables - Sterling Oaks with $995 If you’re looking to rent in Hoover’s most popular neighborhoods, make sure to also check out River Forest, where renters pay $940 on average, and Bluff Park, where the average monthly rent is $1,026.
Hoover | Rent Comparison by Neighborhood
Rent in Altadena Woods is 1% higher than in Bluff Park
Altadena Woods rent is 3% higher than Hoover average
| Average Rent | $1,027 |
|---|
Bluff Park rent is 3% higher than Hoover average
| Average Rent | $1,026 |
|---|
How Hoover Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Birmingham | $1,018 | 6% |
| Mobile | $823 | 2% |
| Huntsville | $886 | 10% |
| Tuscaloosa | $1,125 | 6% |
| Hoover | $999 | 6% |
| Homewood | $957 | 9% |
| Bessemer | $688 | 6% |
| Vestavia Hills | $1,027 | 4% |
| Calera | $890 | 1% |
| Alabaster | $880 | 3% |
| Center Point | $659 | 6% |
For more information about the Hoover rental trends, check out our monthly rent report
Check out Alabama Cities, Alabama Neighborhoods and Alabama Zip Codes for more details on verified listings, including the Alabama Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!