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18 Cheap Apartments for rent in Stone Mountain, GA

Last updated November 19 at 11:48am UTC
The Haverly
2700 Summit Creek Dr
Stone Mountain, GA
Updated November 19 at 4:14am UTC
Studio
Ask
1 Bedroom
$694
2 Bedrooms
$809
Park at Stonehaven
1000 Hidden Chase
Stone Mountain, GA
Updated November 19 at 7:38am UTC
1 Bedroom
$585
2 Bedrooms
$735
3 Bedrooms
$960
Results within 5 miles of Stone Mountain, GA
4383 Hanfred Lane
Tucker
Tucker, GA
Updated November 19 at 11:47am UTC
2 Bedrooms
$725
480 Hambrick Rd
DeKalb County
DeKalb County, GA
Updated November 19 at 9:36am UTC
1 Bedroom
$675
The Park at Edinburgh
421 Meadowood Dr
Lithonia, GA
Updated November 19 at 7:16am UTC
2 Bedrooms
$670
3 Bedrooms
$850
Results within 10 miles of Stone Mountain, GA
5913 Sutcliff Square
Lithonia
Lithonia, GA
Updated November 19 at 9:39am UTC
2 Bedrooms
$750
2711 Fairlee Drive
Belvedere Park
Belvedere Park, GA
Updated November 19 at 11:48am UTC
1 Bedroom
$690
36 Le Parc Fontain
Lithonia
Lithonia, GA
Updated November 18 at 1:53pm UTC
2 Bedrooms
$700
815 S PEACHTREE Street
Norcross
Norcross, GA
Updated November 13 at 9:44pm UTC
Studio
$400
2703 Evans Mill Dr
Lithonia
Lithonia, GA
Updated November 4 at 1:41am UTC
2 Bedrooms
$750
4910 Valley Dale Drive SW - UNIT B
Lilburn
Lilburn, GA
Updated November 15 at 12:01pm UTC
2 Bedrooms
$750
2726 Council Street
Lithonia
Lithonia, GA
Updated November 15 at 11:59am UTC
2 Bedrooms
$650
5937 Sutcliff Square
Lithonia
Lithonia, GA
Updated November 11 at 5:55pm UTC
2 Bedrooms
$750

November 2018 Stone Mountain Rent Report

Welcome to the November 2018 Stone Mountain Rent Report. Stone Mountain rents increased over the past month. In this report, we'll evaluate trends in the Stone Mountain rental market, including comparisons to cities throughout the metro, state, and nation.

View full Stone Mountain Rent Report
Rent Report
Stone Mountain

November 2018 Stone Mountain Rent Report

Welcome to the November 2018 Stone Mountain Rent Report. Stone Mountain rents increased over the past month. In this report, we'll evaluate trends in the Stone Mountain rental market, including comparisons to cities throughout the metro, state, and nation.

Stone Mountain rents increase sharply over the past month

Stone Mountain rents have increased 1.6% over the past month, but are down slightly by 0.1% in comparison to the same time last year. Currently, median rents in Stone Mountain stand at $950 for a one-bedroom apartment and $1,100 for a two-bedroom. Stone Mountain's year-over-year rent growth lags the state average of 1.8%, as well as the national average of 1.1%.

Rents rising across the Atlanta Metro

While rent prices have decreased in Stone Mountain over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in the Atlanta metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Newnan has the least expensive rents in the Atlanta metro, with a two-bedroom median of $1,170; the city has also seen rents fall by 0.1% over the past year, the biggest drop in the metro.
  • Smyrna has seen the fastest rent growth in the metro, with a year-over-year increase of 5.3%. The median two-bedroom there costs $1,310, while one-bedrooms go for $1,130.
  • Alpharetta has the most expensive rents of the largest cities in the Atlanta metro, with a two-bedroom median of $1,440; rents went down 0.1% over the past month but rose 0.6% over the past year.

Stone Mountain rents more affordable than many large cities nationwide

As rents have fallen slightly in Stone Mountain, many large cities nationwide have seen prices increase, in some cases substantially. Stone Mountain is also more affordable than most large cities across the country.

  • Other cities across the state have seen rents slightly increase, with Georgia as a whole logging rent growth of 1.8% over the past year. For example, rents have grown by 0.8% in Augusta and 0.6% in Columbus.
  • Stone Mountain's median two-bedroom rent of $1,100 is below the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 0.1% decline in Stone Mountain.
  • While rents in Stone Mountain fell slightly over the past year, many cities nationwide saw increases, including Austin (+2.3%), New York (+1.5%), and Charlotte (+1.4%).
  • Renters will find more reasonable prices in Stone Mountain than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than two-and-a-half times the price in Stone Mountain.

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 $1,030 $1,190 0.0% 1.5%
Roswell $1,240 $1,430 0.7% 3.9%
Alpharetta $1,240 $1,440 -0.1% 0.6%
Marietta $1,160 $1,340 -0.3% 4.6%
Smyrna $1,130 $1,310 -0.0% 5.3%
Mableton $1,040 $1,200 -0.6% 3.7%
Newnan $1,010 $1,170 1.1% -0.1%
Douglasville $1,050 $1,220 0.2% 1.5%
Kennesaw $1,210 $1,400 -0.6% 2.7%
Lawrenceville $1,150 $1,330 0.6% 3.1%
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.