Beaufort, 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 Beaufort, South Carolina rental market.

Beaufort, South Carolina

Average Apartment Rent

$1,750

Y-o-Y Change in Average
Apartment Rent

0%

As of November 2024

Compared to a year ago, Beaufort, South Carolina apartments have recorded a 0% rent increase.

Beaufort, South Carolina Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Beaufort $1,587 $1,579 $1,725 $1,713 $1,766 $1,838 $1,750 $1,741 $1,828 $1,750
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Beaufort
National
Nov 2021
$1,587
$1,596
Mar 2022
$1,579
$1,635
Jul 2022
$1,725
$1,708
Nov 2022
$1,713
$1,726
Mar 2023
$1,766
$1,714
Jul 2023
$1,838
$1,739
Nov 2023
$1,750
$1,733
Mar 2024
$1,741
$1,727
Jul 2024
$1,828
$1,752
Nov 2024
$1,750
$1,748

Beaufort, South Carolina Average Apartment Rent

Beaufort, South Carolina Apartment rent ranges

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

At 67.87%, apartments priced $1,500 - $2,000 represent the bulk of Beaufort, South Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 10.98%.

Beaufort, South Carolina Housing tenure**

Renter occupied housing units 2,186
Owner occupied housing units 2,935

Renters take up 43% of Beaufort, South Carolina real estate, occupying a total of 2,186 units, while homeowners live in 2,935 properties.

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

4.8

Renter median household income**

$38,767

Average household size of renter-occupied housing units**

2.35

Rental vacancy rate**

12%

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

No bedrooms 140
1 bed 256
2 beds 1,318
3 beds 422
4 beds 50

There are 1,318 rentals in Beaufort, South Carolina with 2 beds making up the highest share of the market, at 60%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 50 units. Overall, the median number of rooms in Beaufort, South Carolina homes for rent is 4.8.

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

15 - 24 years 132
25 - 34 years 904
35 - 44 years 320
45 - 54 years 99
55 - 59 years 269
60 - 64 years 203
65 - 74 years 207
75 - 84 years 52

Most condos for rent in Beaufort, South Carolina are occupied by residents in the 25 - 34 years age group (41%), followed by those in the 35 - 44 years age group (15%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.

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

Family households 1,311
Non-Family Households 875

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

With related children of the householder under 18 921
No related children of the householder under 18 1,265

A total of 1,311 apartments for rent in Beaufort, South Carolina, or 60% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 921 units. All in all, the median size of a renter-occupied household in Beaufort, South Carolina is 2.35.

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

Less than high school graduate 132
High school graduate (including equivalency) 862
Some college or associate's degree 793
Bachelor's degree or higher 399

In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Beaufort, South Carolina.

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

Built 2020 or later 31
Built 2010 - 2019 115
Built 2000 - 2009 544
Built 1990 - 1999 437
Built 1980 - 1989 162
Built 1970 - 1979 503
Built 1960 - 1969 33
Built 1950 - 1959 257
Built 1940 - 1949 26
Built 1939 or earlier 78

The highest share of Beaufort, South Carolina apartment rentals, namely 25% or 544 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (23%, 503 units), and the ones Built 1990 - 1999 (20%, 437 units).

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

Moved in 2021 or later 262
Moved in 2018 to 2020 687
Moved in 2010 to 2017 1,122
Moved in 2000 to 2009 19
Moved in 1990 to 1999 19
Moved in 1989 or earlier 77

Median year renter moved into unit 2017

Most Beaufort, South Carolina renters (51%) moved in 2010 to 2017, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Beaufort, South Carolina condos for rent is 2017.

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

No vehicle available 248
1 vehicle available 1,131
2 vehicles available 660
3 or more vehicles available 147

When it comes to transportation options, 52% of Beaufort, South Carolina renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 11% have No vehicle available.

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

Car, truck, or van - drove alone 1,937
Car, truck, or van - carpooled 33
Walked 66
Worked at home 88

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

Same house as 1 year ago 4,239
Moved within same county 604
Moved from different county within same state 147
Moved from different state 119

Beaufort, 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 Beaufort, 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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