75 Apartments under 1200 for rent in Alpharetta, GA

Last updated September 26 at 5:47AM
3557 Wennington Trace
Alpharetta
Alpharetta, GA
Updated September 26 at 5:22AM
1 Bedroom
$950
42 Country Place
Alpharetta
Alpharetta, GA
Updated September 26 at 3:43AM
2 Bedrooms
$1,100
16 Country Place Court
Alpharetta
Alpharetta, GA
Updated September 26 at 4:09AM
2 Bedrooms
$1,095
Results within 1 miles of Alpharetta, GA
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Rent Report
Alpharetta

September 2017 Alpharetta Rent Report

Welcome to the September 2017 Alpharetta Rent Report. In this report, we'll evaluate trends in the Alpharetta rental market, including comparisons to cities throughout the metro and nation.

Alpharetta rents declined marginally over the past month

Alpharetta rents have declined 0.2% over the past month, but have increased moderately by 3.1% in comparison to the same time last year. Currently, median rents in Alpharetta stand at $1,230 for a one-bedroom apartment and $1,430 for a two-bedroom. Alpharetta's year-over-year rent growth lags the state average of 3.5%, but exceeds the national average of 3.0%.

Rents rising across the Atlanta Metro

Throughout the past year, rent increases have been occurring not just in the city of Alpharetta, but across the entire metro. Of the largest 10 cities that we have data for in the Atlanta metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Douglasville has the least expensive rents in the Atlanta metro, with a two-bedroom median of $1,160; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 10.3%.
  • Over the past month, Newnan has seen the biggest rent drop in the metro, with a decline of 0.8%. Median two-bedrooms there cost $1,190, while one-bedrooms go for $1,030.
  • Alpharetta has the most expensive rents of the largest cities in the Atlanta metro, with a two-bedroom median of $1,430; rents decreased 0.2% over the past month but were up 3.1% over the past year.

Many large cities nationwide show more affordable rents compared to Alpharetta

As rents have increased in Alpharetta, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Alpharetta is less affordable for renters.

  • Rents also increased in other cities across the state, with Georgia as a whole logging rent growth of 3.5% over the past year.
  • Alpharetta's median two-bedroom rent of $1,430 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.1% increase in Alpharetta.
  • While Alpharetta's rents rose over the past year, the city of DC saw a decrease of 0.5%.
  • Renters will generally find more expensive prices in Alpharetta than most large cities. For example, Columbus has a median 2BR rent of $760, where Alpharetta is nearly twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Atlanta $1,010 $1,170 0.6% 2.6%
Roswell $1,200 $1,390 0.4% 9.0%
Alpharetta $1,230 $1,430 -0.2% 3.1%
Marietta $1,120 $1,300 0.1% 6.5%
Smyrna $1,070 $1,230 0.2% 3.4%
Newnan $1,030 $1,190 -0.8% 6.1%
Douglasville $1,000 $1,160 0.9% 10.3%
Kennesaw $1,180 $1,370 1.3% 5.1%
Lawrenceville $1,130 $1,310 0.0% 4.5%
Duluth $1,220 $1,400 0.4% 3.7%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.