$2,300 Per Month
- 2 Beds
- 2 Baths
- Condo for Rent
401 S 20th St S Unit 402, Birmingham, AL 35244
401 S 20th St S Unit 402, Birmingham, AL 35244
Frequently Asked Questions
How much does it cost to rent a condo in Birmingham, AL?
The median rent for a condo in Birmingham, AL is $1,549 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in Birmingham, AL?
To comfortably afford the median rent in Birmingham, AL, a household needs to earn roughly $51,800 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 $1,295 per month in Birmingham, AL, renters typically need to show $3,885 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 Birmingham, AL?
In Birmingham, AL, the price-to-rent ratio is 20.9, 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.
What neighborhoods in Birmingham, AL are best for renting a condo?
The best neighborhood for renting in Birmingham, AL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Fountain Heights, Druid Hills, Central City, Five Points South and Highland Park, each with its own character and price range.
