North Charleston, 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 North Charleston, South Carolina rental market.

North Charleston, South Carolina

Average Apartment Rent

$1,599

Y-o-Y Change in Average
Apartment Rent

1.3%

As of November 2024

Compared to a year ago, North Charleston, South Carolina apartments have recorded a 1.3% rent increase.

North Charleston, 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
North Charleston $1,374 $1,399 $1,497 $1,537 $1,534 $1,579 $1,578 $1,593 $1,613 $1,599
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
North Charleston
National
Nov 2021
$1,374
$1,596
Mar 2022
$1,399
$1,635
Jul 2022
$1,497
$1,708
Nov 2022
$1,537
$1,726
Mar 2023
$1,534
$1,714
Jul 2023
$1,579
$1,739
Nov 2023
$1,578
$1,733
Mar 2024
$1,593
$1,727
Jul 2024
$1,613
$1,752
Nov 2024
$1,599
$1,748

North Charleston, South Carolina Average Apartment Rent

North Charleston, South Carolina Apartment rent ranges

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

At 51.07%, apartments priced $1,500 - $2,000 represent the bulk of North Charleston, South Carolina rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.53%.

North Charleston, South Carolina Housing tenure**

Renter occupied housing units 23,223
Owner occupied housing units 22,694

Renters take up 51% of North Charleston, South Carolina real estate, occupying a total of 23,223 units, while homeowners live in 22,694 properties.

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

4.1

Renter median household income**

$46,234

Average household size of renter-occupied housing units**

2.35

Rental vacancy rate**

10.5%

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

No bedrooms 814
1 bed 5,371
2 beds 9,857
3 beds 6,100
4 beds 990

There are 9,857 rentals in North Charleston, South Carolina with 2 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 814 units. Overall, the median number of rooms in North Charleston, South Carolina homes for rent is 4.1.

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

15 - 24 years 2,013
25 - 34 years 7,674
35 - 44 years 4,670
45 - 54 years 3,716
55 - 59 years 1,617
60 - 64 years 1,398
65 - 74 years 1,484
75 - 84 years 475
85 years and over 176

Most condos for rent in North Charleston, South Carolina are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.

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

Family households 11,012
Non-Family Households 12,211

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

With related children of the householder under 18 6,688
No related children of the householder under 18 16,535

A total of 11,012 apartments for rent in North Charleston, South Carolina, or 47% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 6,688 units. All in all, the median size of a renter-occupied household in North Charleston, South Carolina is 2.35.

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

Less than high school graduate 3,287
High school graduate (including equivalency) 6,686
Some college or associate's degree 7,943
Bachelor's degree or higher 5,307

In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in North Charleston, South Carolina.

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

Built 2010 - 2019 3,816
Built 2000 - 2009 4,196
Built 1990 - 1999 3,013
Built 1980 - 1989 3,478
Built 1970 - 1979 3,427
Built 1960 - 1969 1,980
Built 1950 - 1959 1,680
Built 1940 - 1949 1,267
Built 1939 or earlier 253

The highest share of North Charleston, South Carolina apartment rentals, namely 18% or 4,196 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (16%, 3,816 units), and the ones Built 1980 - 1989 (15%, 3,478 units).

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

Moved in 2021 or later 2,738
Moved in 2018 to 2020 8,425
Moved in 2010 to 2017 9,708
Moved in 2000 to 2009 1,673
Moved in 1990 to 1999 555
Moved in 1989 or earlier 124

Median year renter moved into unit 2018

Most North Charleston, South Carolina renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their North Charleston, South Carolina condos for rent is 2018.

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

No vehicle available 2,442
1 vehicle available 12,708
2 vehicles available 6,530
3 vehicles available 1,187
4 or more vehicles available 356

When it comes to transportation options, 55% of North Charleston, South Carolina renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 11% have No vehicle available.

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

Car, truck, or van - drove alone 22,952
Car, truck, or van - carpooled 3,418
Public transportation (excluding taxicab) 900
Walked 281
Taxicab, motorcycle, bicycle, or other means 699
Worked at home 1,114

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

Same house as 1 year ago 42,036
Moved within same county 4,161
Moved from different county within same state 3,483
Moved from different state 3,208
Moved from abroad 519

North Charleston, 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 North Charleston, 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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