What is the average rent in Atlanta, GA?
Rent prices in Atlanta have seen strong growth over the past few years. Before we dig deeper into trends and specific neighborhoods, here are some high level stats:
- Atlanta is currently tied with Portland and Philadelphia as the 17th most expensive rental market in the U.S.. The city ranks ahead of Minneapolis and Dallas for rent prices.
- A 1-bedroom rental apartment currently averages $1,350 per month, while 2-bedrooms average $1,700.
- One-bedroom prices are 18% higher than the national average of $1,143.
Looking at the entire Atlanta metro area as a whole, seven out of eleven nearby cities have rent prices that fall above the Georgia state average. Atlanta comes in first as the most expensive, followed by Johns Creek ($1,210), Alpharetta ($1,200), and Dunwoody ($1,200).
Are rents going up or down?
Are rent prices going up? In most places, yes. Ten out of eleven cities in the Atlanta metro region saw prices increase last year, including Atlanta itself. A number of cities also saw double digit rent increases over this period.
Atlanta proper had a solid increase of 5% in 2016, about double the rate of inflation.
What are the average rent prices in each Atlanta neighborhood?
If you’re looking for housing across Atlanta, it’s important to note that prices can fluctuate dramatically depending on what neighborhood you’re searching in.
- The most expensive neighborhoods for rentals center around Peachtree Heights West, Tuxedo Park, Buckhead, and Midtown. Prices in these neighborhoods can run upwards of $1,500-$1,700 per month for a 1-bedroom apartment. Remember these are averages, meaning a lot of rental inventory is below this number.
- However, other neighborhoods are considerably cheaper, with many starting with averages in the $600-$700 range.
Now that you have a background on rent prices in the city, read our comprehensive guide on Moving to Atlanta, full of tips on everything from neighborhoods to transportation options.
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