16 Cheap Apartments for rent in Charleston, SC

Last updated June 22 at 8:05pm UTC
2432 Woodstock Avenue
Charleston
Charleston, SC
Updated June 7 at 11:02am UTC
2 Bedrooms
$925
455 Deanna Lane
Charleston
Charleston, SC
Updated March 29 at 5:49am UTC
Studio
$750
Results within 5 miles of Charleston, SC
354 Dorchester Manor Blvd (INV)
North Charleston
North Charleston, SC
Updated June 15 at 10:23am UTC
2 Bedrooms
$800
Results within 10 miles of Charleston, SC
606 Andrea Lane
Hanahan
Hanahan, SC
Updated June 22 at 11:11am UTC
2 Bedrooms
$900
127 Susan Drive
Summerville
Summerville, SC
Updated June 12 at 9:22am UTC
3 Bedrooms
$925
Andrea Lane
Hanahan
Hanahan, SC
Updated June 15 at 7:23am UTC
2 Bedrooms
$900

June 2018 Charleston Rent Report

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

View full Charleston Rent Report
Rent Report
Charleston

June 2018 Charleston Rent Report

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

Charleston rents increase sharply over the past month

Charleston rents have increased 1.8% over the past month, and have increased moderately by 3.6% in comparison to the same time last year. Currently, median rents in Charleston stand at $950 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Charleston's year-over-year rent growth leads the state average of 1.6%, as well as the national average of 1.5%.

Rents rising across cities in South Carolina

Throughout the past year, rent increases have been occurring not just in the city of Charleston, but across the entire state. Of the largest 10 cities that we have data for in South Carolina, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Mount Pleasant is the most expensive of all South Carolina's major cities, with a median two-bedroom rent of $1,580; of the 10 largest cities in South Carolina that we have data for, Rock Hill and Mount Pleasant, where two-bedrooms go for $970 and $1,580, are the only two major cities in the state to see rents fall year-over-year (-0.8% and -0.6%).
  • Greer, North Charleston, and Charleston have all experienced year-over-year growth above the state average (5.2%, 4.8%, and 3.6%, respectively).

Charleston rents more affordable than many large cities nationwide

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

  • Charleston's median two-bedroom rent of $1,130 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 3.6% increase in Charleston.
  • While Charleston's rents rose moderately over the past year, the city of Seattle saw a decrease of 0.8%.
  • 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.