Alabama Apartments for Rent
Apartments for rent in Alabama are less expensive than the national average. The price of a studio averages $545 per month, which is $490 below the national average. The price of a one-bedroom averages $599 per month, which is $262 below the national average. The reason that studio apartments for rent in Alabama cost only a little less than one-bedrooms is that a lot more studios tend to be rented in high-priced areas, whereas in lower-rent areas the smallest apartments you're likely to find are one-bedrooms.
Larger Alabama apartment rentals follow the same trends. The price of a two-bedroom averages $620 per month, which is $416 below the national average. The price of a three-bedroom averages $697 per month, which is $616 below the national average.
If you're searching for an Alabama apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive Alabama apartments for rent are in Madison, Daphne, and Birmingham. The lowest rent apartments in Alabama are in Anniston, Dothan and Auburn.
Economy:
Alabama has the largest industrial corridor in the nation and is a leader in steel and iron products, lumber, coal, and textiles. It is the country's largest producer of steel pipe and cast iron. It's also now fourth in the country in automobile output, which has generated 67,800 new jobs since 1993. The state continues to draw much of its agricultural revenue from cotton, though it's also diversified into poultry and livestock, corn, peanuts, dairy and soybeans. Birmingham is known for strong insurance, telecommunications, banking and biotechnology presences. Mobile has Alabama's only seaport and is the tenth largest seaport by tonnage in the United States.
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