Atlanta city, 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 city, Georgia rental market.
Atlanta city, Georgia
Average Apartment Rent
$1,467
Y-o-Y Change in Apartment Rent
2.16%
Compared to a year ago, Atlanta city, Georgia apartments have recorded a 2.16% rent increase.
Atlanta city, Georgia |Median apartment rent trend
Atlanta city, Georgia| Average apartment rent by city
Atlanta city, Georgia | Apartment rent ranges
At 45.2%, apartments priced $1,000 - $1,500 represent the bulk of Atlanta city, Georgia rentals, while condos priced under $500 hold the lowest share of the market – 0.08%.
Atlanta city, Georgia | Housing tenure
Renters take up 57% of Atlanta city, Georgia real estate, occupying a total of 113,000 units, while homeowners live in 86,478 properties.
Median number of rooms of renter-occupied housing units
4.1
Renter Median household income
$37,486
Average household size of renter occupied-housing units
2.14
Rental vacancy rate
7.5%
Atlanta city, Georgia | Renter-occupied housing units by no. of bedrooms
There are 42,985 rentals in Atlanta city, Georgia with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 995 units. Overall, the median number of rooms in Atlanta city, Georgia homes for rent is 4.1.
Atlanta city, Georgia |Renter-occupied units by age of householder
Most condos for rent in Atlanta city, Georgia are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (19%). 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 city, Georgia | Renter-occupied housing units by family type
Atlanta city, Georgia | Renter-occupied housing units by the presence of own children
A total of 37,272 apartments for rent in Atlanta city, Georgia, or 33% of all rentals are family households. Additionally, 19% of rental homes include children under the age of 18 – that’s 21,998 units. All in all, the median size of a renter-occupied household in Atlanta city, Georgia is 2.14.
Atlanta city, Georgia | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 43% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Atlanta city, Georgia.
Atlanta city, Georgia | Renter-occupied units by year structure built
The highest share of Atlanta city, Georgia apartment rentals, namely 24% or 26,937 units, were built 2000 - 2009, followed by those built 1990 - 1999 (13%, 15,003 units), and the ones built 1960 - 1969 (13%, 14,371 units).
Atlanta city, Georgia | Renter-occupied units by year householder moved in
Median year renter moved into unit2013
Most Atlanta city, Georgia renters (49%) moved in 2010 to 2014, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Atlanta city, Georgia condos for rent is 2013.
Atlanta city, Georgia | Renter-occupied housing units by vehicles available
When it comes to transportation options, 51% of Atlanta city, Georgia renters have 1 vehicle available per household, 25% of them have no vehicle available, and 21% have 2 vehicles available.
Atlanta city, Georgia | Means of transportation to work of householders living in renter-occupied housing units
Atlanta city, Georgia |Geographical mobility in the past year for householders living in renter-occupies housing units
Atlanta city, 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 city, 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.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
