North Charleston, South Carolina 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 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
North Charleston, South Carolina Average Apartment Rent
North Charleston, South Carolina Apartment rent ranges
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**
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**
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**
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**
North Charleston, South Carolina Renter-occupied housing units by the presence of own children**
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**
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**
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**
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**
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**
North Charleston, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
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