Abbeville, South Carolina Rental Market Trends

Disclaimer:

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 Abbeville, South Carolina rental market.

Abbeville, South Carolina

Average Apartment Rent

$666

Y-o-Y Change in Average
Apartment Rent

-26.8%

As of November 2024

Compared to a year ago, Abbeville, South Carolina apartments have recorded a -26.8% rent decrease.

Abbeville, South Carolina Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Abbeville $951 $910 $884 $906 $666
National $1,739 $1,733 $1,727 $1,752 $1,748
Abbeville
National
Jul 2023
$951
$1,739
Nov 2023
$910
$1,733
Mar 2024
$884
$1,727
Jul 2024
$906
$1,752
Nov 2024
$666
$1,748

Abbeville, South Carolina Average Apartment Rent

Abbeville, South Carolina Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 60%, apartments priced $500 - $700 represent the bulk of Abbeville, South Carolina rentals, while condos priced $700 - $1000 hold the lowest share of the market – 40%.

Abbeville, South Carolina Housing tenure**

Renter occupied housing units 1,033
Owner occupied housing units 980

Renters take up 51% of Abbeville, South Carolina real estate, occupying a total of 1,033 units, while homeowners live in 980 properties.

Median number of rooms of renter-occupied housing units**

4

Renter median household income**

$29,238

Average household size of renter-occupied housing units**

2.38

Abbeville, South Carolina Renter-occupied housing units by no. of bedrooms**

No bedrooms 18
1 bed 224
2 beds 467
3 beds 254
4 beds 19
5 or more beds 51

There are 467 rentals in Abbeville, South Carolina with 2 beds making up the highest share of the market, at 45%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 18 units. Overall, the median number of rooms in Abbeville, South Carolina homes for rent is 4.

Abbeville, South Carolina Renter-occupied units by age of householder**

15 - 24 years 18
25 - 34 years 281
35 - 44 years 261
45 - 54 years 120
55 - 59 years 159
60 - 64 years 14
65 - 74 years 180

Most condos for rent in Abbeville, South Carolina are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.

Abbeville, South Carolina Renter-occupied housing units by family type**

Family households 444
Non-Family Households 589

Abbeville, South Carolina Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 333
No related children of the householder under 18 700

A total of 444 apartments for rent in Abbeville, South Carolina, or 43% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 333 units. All in all, the median size of a renter-occupied household in Abbeville, South Carolina is 2.38.

Abbeville, South Carolina Renter-occupied housing units by educational attainment**

Less than high school graduate 337
High school graduate (including equivalency) 338
Some college or associate's degree 305
Bachelor's degree or higher 53

In terms of education, renters holding bachelor degrees or higher make up 5% of the rental market. In contrast, residents with less than a high school degree reside in 33% of the homes for rent in Abbeville, South Carolina.

Abbeville, South Carolina Renter-occupied units by year structure built**

Built 2010 - 2019 18
Built 2000 - 2009 44
Built 1990 - 1999 27
Built 1980 - 1989 198
Built 1970 - 1979 283
Built 1960 - 1969 256
Built 1950 - 1959 113
Built 1940 - 1949 13
Built 1939 or earlier 81

The highest share of Abbeville, South Carolina apartment rentals, namely 27% or 283 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (25%, 256 units), and the ones Built 1980 - 1989 (19%, 198 units).

Abbeville, South Carolina Renter-occupied units by year householder moved in**

Moved in 2021 or later 32
Moved in 2018 to 2020 360
Moved in 2010 to 2017 477
Moved in 2000 to 2009 136
Moved in 1989 or earlier 28

Median year renter moved into unit 2016

Most Abbeville, South Carolina renters (46%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Abbeville, South Carolina condos for rent is 2016.

Abbeville, South Carolina Renter-occupied housing units by vehicles available**

No vehicle available 257
1 vehicle available 399
2 vehicles available 349
3 or more vehicles available 28

When it comes to transportation options, 39% of Abbeville, South Carolina renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 25% have No vehicle available.

Abbeville, South Carolina Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 712
Car, truck, or van - carpooled 144
Taxicab, motorcycle, bicycle, or other means 76
Worked at home 50

Abbeville, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 2,343
Moved from different county within same state 26
Moved from different state 14

Abbeville, South Carolina 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 Abbeville, South Carolina 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

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