27 Cheap Apartments for rent in Mount Pleasant, SC

Last updated January 18 at 6:43am UTC
265 Alexandra Drive
Mount Pleasant
Mount Pleasant, SC
Updated January 3 at 11:43am UTC
2 Bedrooms
$1,275
264 Alexandra Drive
Mount Pleasant
Mount Pleasant, SC
Updated January 17 at 7:07pm UTC
2 Bedrooms
$1,250
910 Sea Gull Drive
Mount Pleasant
Mount Pleasant, SC
Updated January 13 at 1:40am UTC
2 Bedrooms
$1,000
907 Royal Tern Lane
Mount Pleasant
Mount Pleasant, SC
Updated January 13 at 1:40am UTC
2 Bedrooms
$1,000
1852 Montclair Dr
Mount Pleasant
Mount Pleasant, SC
Updated January 11 at 12:10pm UTC
2 Bedrooms
$1,300
1300 Park West Blvd
Park West
Mount Pleasant, SC
Updated January 18 at 1:56am UTC
1 Bedroom
$1,025
705 Center Street
Mount Pleasant
Mount Pleasant, SC
Updated January 3 at 11:40am UTC
3 Bedrooms
$1,325
1301 Basildon Road
Park West
Mount Pleasant, SC
Updated January 5 at 12:36pm UTC
1 Bedroom
$1,125
276 Alexandra Drive
Mount Pleasant
Mount Pleasant, SC
Updated January 18 at 1:56am UTC
2 Bedrooms
$1,295
83 Vincent Drive
Mount Pleasant
Mount Pleasant, SC
Updated January 9 at 4:45am UTC
Studio
$1,000
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January 2018 Mount Pleasant Rent Report

Welcome to the January 2018 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 cities throughout the state and nation.

View full Mount Pleasant Rent Report
Rent Report
Mount Pleasant

January 2018 Mount Pleasant Rent Report

Welcome to the January 2018 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 cities throughout the state and nation.

Mount Pleasant rents declined significantly over the past month

Mount Pleasant rents have declined 0.5% over the past month, but are up moderately by 2.3% in comparison to the same time last year. Currently, median rents in Mount Pleasant stand at $1,340 for a one-bedroom apartment and $1,600 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in October. Mount Pleasant's year-over-year rent growth lags the state average of 2.4%, as well as the national average of 2.8%.

Rents rising across cities in South Carolina

Throughout the past year, rent increases have been occurring not just in the city of Mount Pleasant, 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 2.4% 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 South Carolina that we have data for, Greenville and Summerville, where two-bedrooms go for $820 and $1,110, are the only two major cities in the state to see rents fall year-over-year (-1.5% and -0.4%).
  • North Charleston, Anderson, and Rock Hill have all experienced year-over-year growth above the state average (6.3%, 5.7%, and 5.6%, respectively).

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

As rents have increased moderately in Mount Pleasant, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Mount Pleasant is less affordable for renters.

  • Mount Pleasant's median two-bedroom rent of $1,600 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.3% rise in Mount Pleasant.
  • While Mount Pleasant's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • 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.