15 Cheap Apartments for rent in Stone Mountain, GA

Last updated July 17 at 8:17pm UTC
480 Hambrick Rd
Stone Mountain
Stone Mountain, GA
Updated July 14 at 9:43am UTC
2 Bedrooms
$735
Results within 5 miles of Stone Mountain, GA
Results within 10 miles of Stone Mountain, GA
36 Le Parc Fontaine
Lithonia
Lithonia, GA
Updated June 21 at 10:42am UTC
2 Bedrooms
$750
815 S PEACHTREE Street
Norcross
Norcross, GA
Updated May 13 at 10:07am UTC
Studio
$450
1600 Line Cir
White Oak Hills
Decatur, GA
Updated July 17 at 6:24pm UTC
2 Bedrooms
$750
Line Circle
White Oak Hills
Decatur, GA
Updated July 17 at 7:27am UTC
2 Bedrooms
$610
1621 Line Cir
White Oak Hills
Decatur, GA
Updated July 13 at 1:40am UTC
2 Bedrooms
$750

July 2018 Stone Mountain Rent Report

Welcome to the July 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

July 2018 Stone Mountain Rent Report

Welcome to the July 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 1.0% over the past month, and are up moderately by 2.1% in comparison to the same time last year. Currently, median rents in Stone Mountain stand at $970 for a one-bedroom apartment and $1,120 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Stone Mountain's year-over-year rent growth lags the state average of 2.2%, but exceeds the national average of 1.4%.

Rents rising across the Atlanta Metro

Throughout the past year, rent increases have been occurring not just in the city of Stone Mountain, but across the entire metro. Of the largest 10 cities that we have data for in the Atlanta metro, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Mableton has seen the fastest rent growth in the metro, with a year-over-year increase of 6.3%. The median two-bedroom there costs $1,210, while one-bedrooms go for $1,050.
  • Over the past year, Peachtree City has seen the biggest rent drop in the metro, with a decline of 5.2%. Median two-bedrooms there cost $1,320, while one-bedrooms go for $1,140.
  • Newnan has the least expensive rents in the Atlanta metro, with a two-bedroom median of $1,170; rents were up 0.9% over the past month but fell 1.8% over the past year.
  • Roswell has the most expensive rents of the largest cities in the Atlanta metro, with a two-bedroom median of $1,430; rents were up 1.6% over the past month and 4.8% over the past year.

Stone Mountain rents more affordable than many large cities nationwide

As rents have increased moderately in Stone Mountain, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Stone Mountain is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Georgia as a whole logging rent growth of 2.2% over the past year. For example, rents have grown by 1.8% in Augusta and 0.5% in Columbus.
  • Stone Mountain's median two-bedroom rent of $1,120 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 2.1% rise in Stone Mountain.
  • While Stone Mountain's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and DC (-0.1%).
  • Renters will find more reasonable prices in Stone Mountain than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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 $1,020 $1,180 0.4% 1.9%
Roswell $1,240 $1,430 1.6% 4.8%
Alpharetta $1,230 $1,420 0.3% 0.4%
Marietta $1,140 $1,320 0.1% 3.7%
Smyrna $1,110 $1,280 0.4% 4.9%
Mableton $1,050 $1,210 -0.3% 6.3%
Peachtree City $1,140 $1,320 2.4% -5.2%
Newnan $1,020 $1,170 0.9% -1.8%
Douglasville $1,040 $1,200 -0.2% 3.4%
Kennesaw $1,200 $1,380 0.4% 3.8%
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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.