Atlanta, GA Rental Market Trends

Atlanta Rent Report: July 2024

Welcome to the Apartment List July 2024 Rent Report for Atlanta, GA. Currently, the overall median rent in the city stands at $1,538, roughly the same as last month. Prices are now down 6.1% year-over-year. Read on to learn more about what’s been happening in the Atlanta rental market and how it compares to trends throughout the broader Atlanta metro area and the nation as a whole.

Atlanta rents are flat month-over-month and down 6.1% year-over-year

The median rent in Atlanta fell by 0.0% over the course of June, and has now decreased by a total of 6.1% over the past 12 months. Atlanta’s rent growth over the past year has has fallen behind both the state (-3.8%) and national averages (-0.7%).

Atlanta rent growth in 2024 pacing below last year

Six months into the year, rents in Atlanta have risen 1.0%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to June 2023 rents had increased 1.6%.

June rent growth in Atlanta ranked #84 among large U.S. cities

Atlanta rents went down 0.0% in the past month, compared to the national rate of 0.4%. Among the nation's 100 largest cities, this ranks #84. Similar monthly rent growth took place in Irvine, CA (0.0%) and St. Paul, MN (0.0%).

Atlanta is the #42 most expensive large city in the U.S., with a median rent of $1,538

Citywide, the median rent currently stands at $1,542 for a 1-bedroom apartment and $1,543 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,538. That ranks #42 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,239 for a 1-bedroom, $1,396 for a 2-bedroom, and $1,411 overall. The median rent in Atlanta is 9.0% higher than the national, and is similar to the prices you would find in Madison, WI ($1,565) and Spring Valley, NV ($1,532).

Atlanta rents are 3.9% higher than the metro-wide median

If we expand our view to the wider Atlanta metro area, the median rent is $1,480 meaning that the median price in Atlanta proper ($1,538) is 3.9% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at -4.5%, above the rate of rent growth within just the city.

The table below shows the latest rent stats for 23 cities in the Atlanta metro area that are included in our database. Among them, Suwanee is currently the most expensive, with a median rent of $1,939. Lithia Springs is the metro’s most affordable city, with a median rent of $1,302. The metro's fastest annual rent growth is occurring in Tucker (1.6%) while the slowest is in Atlanta (-6.1%).

Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Lithia Springs
Peachtree Corners
Sandy Springs
Stone Mountain
See More

You can also use the map below to explore the latest rent trends in the Atlanta metropolitan area.


Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.

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