Atlanta, Georgia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Atlanta, Georgia rental market.
Highlights
An apartment for rent in Atlanta, Georgia typically goes for $1,802 per month, while a single-family home for rent in Atlanta, Georgia has a monthly cost of around $1,991. Renter-occupied units make up 54% of the local housing market, while the rental vacancy rate in Atlanta, Georgia is at 6.9.
Atlanta, Georgia
Average Apartment Rent
$1,802
Y-o-Y Change in Average
Apartment Rent
-1.7%
Average Single-Family Rent
$1,991
As of November 2024
Compared to a year ago, Atlanta, Georgia apartments have recorded a -1.7% rent decrease.
Atlanta, Georgia Average apartment rent trend
Atlanta, Georgia Average Apartment Rent
Atlanta, Georgia Apartment rent ranges
At 40.55%, apartments priced $1,500 - $2,000 represent the bulk of Atlanta, Georgia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.73%.
Atlanta, Georgia Housing tenure**
Renters take up 54% of Atlanta, Georgia real estate, occupying a total of 123,557 units, while homeowners live in 103,831 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$50,972
Average household size of renter-occupied housing units**
1.92
Rental vacancy rate**
6.9%
Atlanta, Georgia Renter-occupied housing units by no. of bedrooms**
There are 48,302 rentals in Atlanta, Georgia with 1 bed making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 810 units. Overall, the median number of rooms in Atlanta, Georgia homes for rent is 3.7.
Atlanta, Georgia Renter-occupied units by age of householder**
Most condos for rent in Atlanta, Georgia are occupied by residents in the 25 - 34 years age group (36%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Atlanta, Georgia Renter-occupied housing units by family type**
Atlanta, Georgia Renter-occupied housing units by the presence of own children**
A total of 37,963 apartments for rent in Atlanta, Georgia, or 31% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 20,291 units. All in all, the median size of a renter-occupied household in Atlanta, Georgia is 1.92.
Atlanta, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 50% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Atlanta, Georgia.
Atlanta, Georgia Renter-occupied units by year structure built**
The highest share of Atlanta, Georgia apartment rentals, namely 20% or 24,833 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (20%, 24,778 units), and the ones Built 1990 - 1999 (12%, 15,231 units).
Atlanta, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Atlanta, Georgia renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Atlanta, Georgia condos for rent is 2018.
Atlanta, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Atlanta, Georgia renters have 1 vehicle available per household, 25% of them have No vehicle available, and 20% have 2 vehicles available.
Atlanta, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Atlanta, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**
Atlanta, Georgia Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Atlanta, Georgia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
