27 Cheap Apartments for rent in Charleston, SC

Last updated November 24 at 2:59am UTC
455 Deanna Lane
Charleston
Charleston, SC
Updated September 29 at 2:29am UTC
Studio
$750
2494 Etiwan Ave
Charleston
Charleston, SC
Updated November 24 at 1:20am UTC
1 Bedroom
$850
6239 Lucille Dr
Charleston
Charleston, SC
Updated November 23 at 9:45am UTC
2 Bedrooms
$800
2107 Rondo Street
Oak Land
Charleston, SC
Updated November 21 at 5:32pm UTC
1 Bedroom
$700
Results within 1 miles of Charleston, SC
3310 Florida Ave Unit 3
North Charleston
North Charleston, SC
Updated November 10 at 11:23am UTC
Studio
$700
4659 W Montague Ave
North Charleston
North Charleston, SC
Updated November 22 at 1:35am UTC
2 Bedrooms
$700
2771 S Surrey Dr
North Charleston
North Charleston, SC
Updated November 10 at 2:01am UTC
2 Bedrooms
$700
6601 Dorchester Rd Unit 105
North Charleston
North Charleston, SC
Updated November 21 at 11:46am UTC
1 Bedroom
$750
Results within 5 miles of Charleston, SC
117 Cedar Grove Drive
North Charleston
North Charleston, SC
Updated November 23 at 1:48am UTC
2 Bedrooms
$750
1810 Grayson St
North Charleston
North Charleston, SC
Updated November 11 at 1:49am UTC
1 Bedroom
$700
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November 2017 Charleston Rent Report

Welcome to the November 2017 Charleston Rent Report. Charleston rents declined over the past month. In this report, we'll evaluate trends in the Charleston rental market, including comparisons to similar cities nationwide.

View full Charleston Rent Report
Rent Report
Charleston

November 2017 Charleston Rent Report

Welcome to the November 2017 Charleston Rent Report. Charleston rents declined over the past month. In this report, we'll evaluate trends in the Charleston rental market, including comparisons to similar cities nationwide.

Charleston rents declined slightly over the past month

Charleston rents have declined 0.2% over the past month, but have been relatively flat in comparison to the same time last year. Currently, median rents in Charleston stand at $920 for a one-bedroom apartment and $1,100 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Charleston's year-over-year rent growth lags the state average of 2.4%, as well as the national average of 2.7%.

Charleston rents more affordable than many large cities nationwide

Rent growth in Charleston has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Charleston is still more affordable than most large cities across the country.

  • Charleston's median two-bedroom rent of $1,100 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Charleston.
  • While rents in Charleston remained moderately stable this year, similar cities saw increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%); note that median 2BR rents in these cities go for $1,690, $1,020, and $1,100 respectively.
  • Renters will find more reasonable prices in Charleston 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 Charleston.

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.

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.