Atlanta ended the year as the 16th most expensive rental market in the nation with one bedroom rent growing 2.2% to $1,400 and two bedrooms climbing 2.3% to $1,790. On a year over year basis, Atlanta saw a fairly steady upward trend with one and two bedroom prices increasing 3.7% and 5.9%, respectively.
For the first time ever, we are looking at Atlanta neighborhood rent growth for the year. The areas with the fastest growing rents in 2017 were Ridgedale Park, Edgewood, and English Avenue, all up around 15%. On the other end of the growth spectrum, Grove Park, West Lake, and Vine City saw the biggest rent dips, all down over 11%.
Overall, the southwest portion of the city had the coolest year in terms of rent prices, besides English Avenue. The southeast portion, on the other hand, had a ton of neighborhoods with prices growing within at least 5% since this time last year. The northern part of the city was a mixed bag of growth.
Full Data
| Hood | Y/Y % Growth | Feb '18 1-Bedroom Rent |
|---|---|---|
| Avenue of the Arts North | 4.05% | $1,540 |
| Avenue of the Arts South | 0.00% | $1,650 |
| Bella Vista - Southwark | 4.17% | $1,250 |
| Belmont | 0.00% | $700 |
| Bergen Square | -1.43% | $690 |
| Biedman | 0.00% | $690 |
| Carroll Park | 17.19% | $750 |
| Cedar Park | -12.04% | $950 |
| Center City East | -1.29% | $1,530 |
| Center City West | -5.65% | $1,670 |
| Centerville | 7.14% | $750 |
| Central Waterfront | 11.11% | $750 |
| Clifton Heights | -1.76% | $835 |
| Cobbs Creek | -4.52% | $740 |
| Cooper Grant | -14.14% | $850 |
| Cooper Point | 7.91% | $750 |
| Cramer Hill | 12.86% | $790 |
| Downtown Camden | 7.69% | $700 |
| Dudley | 0.00% | $750 |
| Dunlap | -11.39% | $700 |
| East Parkside | -0.99% | $1,000 |
| Eastwick - Southwest Philadelphia | 17.24% | $850 |
| Elmwood | 0.00% | $700 |
| Fairmount - Art Museum | 3.85% | $1,350 |
| Fairview | 6.67% | $800 |
| Gateway | -3.45% | $700 |
| Grays Ferry | 0.00% | $800 |
| Haddington | -9.09% | $600 |
| Kensington | 17.73% | $1,295 |
| Kingsessing | -1.43% | $690 |
| Lanning Square | -12.50% | $700 |
| Liberty Park | 0.00% | $680 |
| Logan Square | 2.78% | $1,850 |
| Mantua | 5.00% | $945 |
| Mill Creek | 21.05% | $1,150 |
| Morgan Village | 0.00% | $600 |
| North Philadelphia West | 12.50% | $900 |
| Northern Liberties - Fishtown | -5.90% | $1,595 |
| Overbrook | -6.25% | $750 |
| Parkside | 5.63% | $750 |
| Point Breeze | 22.22% | $1,100 |
| Port Richmond | 2.86% | $900 |
| Powelton Village | 0.00% | $990 |
| Pyne Poynt | 8.33% | $650 |
| Queen Village - Pennsport | 4.00% | $1,300 |
| South Philadelphia East | 8.11% | $1,000 |
| South Philadelphia West | 7.50% | $1,075 |
| Southwest Cedar Park | -1.08% | $920 |
| Southwest Center City | 4.43% | $1,650 |
| Spruce Hill | 5.88% | $1,080 |
| University City | -4.17% | $1,725 |
| Walnut Hill | 4.74% | $995 |
| Washington Square West | -8.46% | $1,460 |
| Waterfront South | 0.00% | $690 |
| West Kensington | 0.00% | $900 |
| West Powelton | 1.94% | $1,050 |
| Whitman Park | 30%% | $800 |
| Woodlynne | 15.15% | $950 |
| Wynnefield | -6.32% | $890 |
About
Check out how Atlanta rents compare with the rest of the nation’s by viewing our National Rent Report for January.
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