87 Cheap Apartments for rent in Mount Pleasant, SC

Last updated September 21 at 10:32AM
1008 Basildon Drive
Park West
Mount Pleasant, SC
Updated September 8 at 3:29AM
1 Bedroom
$1,250
2011 Us-17
Mount Pleasant
Mount Pleasant, SC
Updated September 9 at 11:04AM
1 Bedroom
$1,075
1509 Ben Sawyer Blvd
Mount Pleasant
Mount Pleasant, SC
Updated September 21 at 1:43AM
2 Bedrooms
$1,250
Results within 1 miles of Mount Pleasant, SC
200 Bucksley Ln
Daniel Island
Charleston, SC
Updated September 21 at 10:32AM
1 Bedroom
$1,095
Results within 5 miles of Mount Pleasant, SC
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Rent Report
Mount Pleasant

September 2017 Mount Pleasant Rent Report

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

Mount Pleasant rents declined significantly over the past month

Mount Pleasant rents have declined 0.6% over the past month, and are down significantly by 4.4% in comparison to the same time last year. Currently, median rents in Mount Pleasant stand at $1,340 for a one-bedroom apartment and $1,590 for a two-bedroom. Mount Pleasant's year-over-year rent growth lags the state average of 2.7%, as well as the national average of 3.0%.

Many large cities nationwide show more affordable rents compared to Mount Pleasant

As rents have fallen in Mount Pleasant, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Mount Pleasant is less affordable for renters.

  • Mount Pleasant's median two-bedroom rent of $1,590 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 4.4% decline in Mount Pleasant.
  • While rents in Mount Pleasant fell over the past year, many cities nationwide saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%).
  • Renters will generally find more expensive prices in Mount Pleasant than most large cities. For example, Detroit has a median 2BR rent of $890, where Mount Pleasant is more than one-and-a-half times that price.

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.