News Summary
In March, Charleston experienced a minor decline in rent prices for one and two-bedroom units, according to a recent report. The average price for a one-bedroom unit dropped by 1%, now at approximately $1,930, while two-bedroom units saw a 1.2% decrease, averaging $2,500. Although this news offers some relief for renters, Charleston remains the 18th most expensive rental market in the U.S., highlighting ongoing challenges in affordability and supply in the rental market.
Charleston Sees a Slight Decline in Rent Prices This March
Well, well, well, Charleston! Just when you thought rent prices were going to keep climbing, a new report shows that one and two-bedroom units in the city have actually decreased in March. It’s a bit of good news for renters, if not a complete game-changer. According to the National Rent Report from a rental platform, the average price for a one-bedroom unit has dropped by 1%, now sitting at around $1,930. For two-bedroom units, the drop is a tad more significant at 1.2%, landing that average at $2,500.
Still on the Expensive Side
Other Cities in the Rental Race
The Bigger Picture
The Calm Before the Storm?
Reasons Behind the Rises
The Road Ahead
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Additional Resources
- ABC News 4
- Post and Courier
- Norada Real Estate
- Investopedia
- Charleston Business
- Wikipedia: Rent
- Google Search: charleston rent prices
- Google Scholar: rent prices Charleston
- Encyclopedia Britannica: Rents
- Google News: Charleston rent report
Author: STAFF HERE CHARLESTON
The CHARLESTON STAFF WRITER represents the experienced team at HEREcharleston.com, your go-to source for actionable local news and information in Charleston, Charleston County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Spoleto Festival USA, Charleston Wine + Food Festival, and the MOJA Festival. Our coverage extends to key organizations like the Charleston Metro Chamber of Commerce and the Charleston Museum, plus leading businesses in tourism and maritime industries that power the local economy such as South Carolina Ports Authority and the Charleston Visitor Center. As part of the broader HERE network, including HEREaiken.com, HEREbeaufort.com, HEREchapin.com, HEREcharleston.com, HEREclinton.com, HEREcolumbia.com, HEREgeorgetown.com, HEREgreenwood.com, HEREgreenville.com, HEREhiltonhead.com, HEREirmo.com, HEREmyrtlebeach.com, HEREnewberry.com, HERErockhill.com, HEREspartanburg.com, HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, and HEREsanantonio.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
