The Zumper National Rent Report has been released and Charleston, South Carolina stands as having the 18th highest rents in the nation.
- Year over year overall rents have grown by 2%
- 1-Bedroom rents have dropped month over month by 1.0% to $1,930
- 2-Bedroom rents have dropped month over month by 1.2% to $2,500
National trends from the recent report:
- The Zumper National Rent Index reported a 0.1% monthly decline in median one-bedroom rent this March, settling at $1,524, while two-bedroom rent stayed flat at $1,905. On an annual basis, one and two-bedroom rents are up 2.5% and 3.1%, respectively.
- San Francisco one-bedroom rent reached a nearly 5-year high, hitting $3,200, indicating the city’s ongoing recovery.
- Other Bay Area cities down the Peninsula and in the South Bay are experiencing double digit annual rent price growth rates up to 32%.
- Austin’s one-bedroom rent marked the 8th largest annual decline in the nation, driven by supply and shifting population trends.
Top Risers and Drops in Rent Price
Breakdown by city/location
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