63 Cheap Apartments for rent in Stone Mountain, GA

Last updated November 19 at 5:05am UTC
1150 Rankin St Unit O6
Stone Mountain
Stone Mountain, GA
Updated November 10 at 11:26am UTC
2 Bedrooms
$650
Results within 5 miles of Stone Mountain, GA
5943 Sutcliff Square
Lithonia
Lithonia, GA
Updated November 19 at 2:04am UTC
1 Bedroom
$625
1150 Maple Walk Cir
Decatur
Decatur, GA
Updated November 19 at 1:51am UTC
2 Bedrooms
$655
5918 Sutcliff Sq
Lithonia
Lithonia, GA
Updated November 15 at 11:31am UTC
2 Bedrooms
$750
4250 Jimmy Carter Boulevard
Norcross
Norcross, GA
Updated November 17 at 11:02am UTC
1 Bedroom
$745
7 Rue Fontaine
Lithonia
Lithonia, GA
Updated November 19 at 2:04am UTC
2 Bedrooms
$750
606 Ridge Creek Drive
Clarkston
Clarkston, GA
Updated November 10 at 11:31am UTC
2 Bedrooms
$700
Results within 10 miles of Stone Mountain, GA
1619 Line Cir #2
White Oak Hills
Decatur, GA
Updated November 13 at 11:31am UTC
2 Bedrooms
$750
2711 Fairlee Dr
White Oak Hills
Decatur, GA
Updated November 16 at 12:09pm UTC
1 Bedroom
$625
Corn Crib Ct
Stone Mountain
Stone Mountain, GA
Updated November 6 at 8:25am UTC
3 Bedrooms
$750
815 Blueberry Ln
, GA
Updated November 17 at 11:11am UTC
1 Bedroom
$500
1609 Line Circle #3
White Oak Hills
Decatur, GA
Updated November 8 at 11:25am UTC
2 Bedrooms
$750
Tilson Rd
McAfee
Decatur, GA
Updated November 4 at 7:21am UTC
2 Bedrooms
$750
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November 2017 Stone Mountain Rent Report

Welcome to the November 2017 Stone Mountain Rent Report. Stone Mountain rents remained steady 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 2017 Stone Mountain Rent Report

Welcome to the November 2017 Stone Mountain Rent Report. Stone Mountain rents remained steady 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 held steady over the past month

Stone Mountain rents have remained flat over the past month, however, they are up significantly by 5.7% year-over-year. Currently, median rents in Stone Mountain stand at $960 for a one-bedroom apartment and $1,110 for a two-bedroom. Stone Mountain's year-over-year rent growth leads the state average of 3.4%, as well as the national average of 2.7%.

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, 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 seen the fastest rent growth in the metro, with a year-over-year increase of 10.9%. The median two-bedroom there costs $1,180, while one-bedrooms go for $1,020.
  • Over the past month, Roswell has seen the biggest rent drop in the metro, with a decline of 0.9%. Median two-bedrooms there cost $1,380, while one-bedrooms go for $1,190.
  • Atlanta proper has the least expensive rents in the Atlanta metro, with a two-bedroom median of $1,170; rents decreased 0.1% over the past month but were up 2.4% over the past year.
  • Alpharetta has the most expensive rents of the largest cities in the Atlanta metro, with a two-bedroom median of $1,440; rents were up 0.4% over the past month and 4.0% over the past year.

Stone Mountain rents more affordable than many large cities nationwide

As rents have increased significantly 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 3.4% over the past year. For example, rents have grown by 3.0% in Augusta and 0.2% in Columbus.
  • Stone Mountain's median two-bedroom rent of $1,110 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.7% rise in Stone Mountain.
  • While Stone Mountain's rents rose significantly over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • 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 $1,010 $1,170 -0.1% 2.4%
Roswell $1,190 $1,380 -0.9% 5.3%
Alpharetta $1,240 $1,440 0.4% 4.0%
Marietta $1,110 $1,290 -0.7% 6.3%
Smyrna $1,080 $1,240 0.6% 3.3%
Newnan $1,010 $1,170 0.4% 0.7%
Douglasville $1,020 $1,180 0.9% 10.9%
Kennesaw $1,180 $1,360 -0.3% 3.5%
Lawrenceville $1,120 $1,290 -0.5% 1.1%
Duluth $1,210 $1,400 -0.3% 3.6%
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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.