Georgia Rents Up 4.6% in Past Year

According to a recent report, Georgia remains one of the nation’s most affordable places to live, with prices rising faster than that of the national average.

In the report across Georgia, 1 bedroom rents increased by 0.1% and 2 bedroom rents increased by 0.5% between June and July. They are now up 6.5% and 4.6% over last year at average prices of $840 and $870, respectively. These rents are both lower than the respective national averages, although Georgia is showing faster annual growth for both 1 and 2 bedroom apartments. The state’s 1 bedroom rent is $210 less or 20% lower than the national average price of $1050, while 2 bedroom rents are $230 less or 21% lower than the national average of $1100.

Top 10 most expensive cities in Georgia:

  • Johns Creek
  • North Atlanta
  • Dunwoody
  • North Druid Hills
  • North Decatur
  • Suwanee
  • Atlanta
  • Peachtree City
  • Milton
  • Alpharetta

Top 10 cities with the fastest rent growth across Georgia:

  • Austell
  • Tucker
  • Cumming
  • North Decatur
  • Doraville
  • Alpharetta
  • Suwanee
  • Sandy Springs
  • North Atlanta
  • Loganville

 

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