Decatur, 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 Decatur, Georgia rental market.
Highlights
An apartment for rent in Decatur, Georgia typically goes for $1,535 per month, while a single-family home for rent in Decatur, Georgia has a monthly cost of around $1,743. Renter-occupied units make up 36% of the local housing market, while the rental vacancy rate in Decatur, Georgia is at 8.7.
Decatur, Georgia
Average Apartment Rent
$1,535
Y-o-Y Change in Average
Apartment Rent
-0.7%
Average Single-Family Rent
$1,743
As of November 2024
Compared to a year ago, Decatur, Georgia apartments have recorded a -0.7% rent decrease.
Decatur, Georgia Average apartment rent trend
Decatur, Georgia Average Apartment Rent
Decatur, Georgia Apartment rent ranges
At 48.06%, apartments priced $1,000 - $1,500 represent the bulk of Decatur, Georgia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 6.16%.
Decatur, Georgia Housing tenure**
Renters take up 36% of Decatur, Georgia real estate, occupying a total of 3,241 units, while homeowners live in 5,812 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$56,875
Average household size of renter-occupied housing units**
2.12
Rental vacancy rate**
8.7%
Decatur, Georgia Renter-occupied housing units by no. of bedrooms**
There are 1,335 rentals in Decatur, Georgia with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 35 units. Overall, the median number of rooms in Decatur, Georgia homes for rent is 3.6.
Decatur, Georgia Renter-occupied units by age of householder**
Most condos for rent in Decatur, Georgia are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Decatur, Georgia Renter-occupied housing units by family type**
Decatur, Georgia Renter-occupied housing units by the presence of own children**
A total of 1,157 apartments for rent in Decatur, Georgia, or 36% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 829 units. All in all, the median size of a renter-occupied household in Decatur, Georgia is 2.12.
Decatur, Georgia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 58% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Decatur, Georgia.
Decatur, Georgia Renter-occupied units by year structure built**
The highest share of Decatur, Georgia apartment rentals, namely 33% or 1,072 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (15%, 474 units), and the ones Built 1939 or earlier (13%, 413 units).
Decatur, Georgia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Decatur, Georgia renters (41%) moved in 2010 to 2017, while only 11% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Decatur, Georgia condos for rent is 2017.
Decatur, Georgia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Decatur, Georgia renters have 1 vehicle available per household, 30% of them have 2 or more vehicles available, and 28% have No vehicle available.
Decatur, Georgia Means of transportation to work of householders living in renter-occupied housing units**
Decatur, Georgia Geographical mobility in the past year for householders living in renter-occupied housing units**
Decatur, 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 Decatur, 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
