103 Luxury Apartments for rent in Columbia, SC

Last updated August 21 at 11:06pm UTC
The Land Bank Lofts
1401 Hampton St
Columbia, SC
Updated August 21 at 7:34pm UTC
Studio
$885
1 Bedroom
$1,010
2 Bedrooms
$1,485
Lakes at Harbison
100 Fairforest Rd
Columbia, SC
Updated August 21 at 11:06pm UTC
1 Bedroom
$845
2 Bedrooms
$765
3 Bedrooms
$980
Capitol Places
1350 Main St
Columbia, SC
Updated August 21 at 8:11pm UTC
1 Bedroom
$949
2 Bedrooms
Ask
3468 HANSON Avenue
Druid Hills
Columbia, SC
Updated August 21 at 10:17pm UTC
3 Bedrooms
$1,350
1085 SHOP Road
Columbia
Columbia, SC
Updated August 21 at 10:05am UTC
2 Bedrooms
$1,350
601 Rapids Road
Columbia
Columbia, SC
Updated August 21 at 9:50am UTC
3 Bedrooms
$1,225
120 Oakbrook Village Road
Oakbrook Village
Columbia, SC
Updated August 21 at 9:50am UTC
3 Bedrooms
$1,100

August 2018 Columbia Rent Report

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

View full Columbia Rent Report
Rent Report
Columbia

August 2018 Columbia Rent Report

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

Columbia rents increase sharply over the past month

Columbia rents have increased 0.9% over the past month, but have been relatively flat at 0.1% in comparison to the same time last year. Currently, median rents in Columbia stand at $840 for a one-bedroom apartment and $970 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in April. Columbia's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 1.2%.

Rents rising across cities in South Carolina

Throughout the past year, rents have remained steady in the city of Columbia, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in South Carolina, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.4% 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 $1,600; of the 10 largest cities in the state that we have data for, Rock Hill, where a two-bedroom goes for $970, is the only major city to see rents fall year-over-year (-0.4%).
  • Greer, North Charleston, and Greenville have all experienced year-over-year growth above the state average (4.2%, 2.5%, and 2.3%, respectively).

Columbia rents more affordable than many large cities nationwide

Rent growth in Columbia 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. Columbia is still more affordable than most large cities across the country.

  • Columbia's median two-bedroom rent of $970 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the stagnant growth in Columbia.
  • While rents in Columbia remained moderately stable this year, similar cities saw increases, including Phoenix (+2.4%), Atlanta (+1.8%), and San Francisco (+1.1%); note that median 2BR rents in these cities go for $1,050, $1,180, and $3,090 respectively.
  • Renters will find more reasonable prices in Columbia than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three times the price in Columbia.

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.