Columbia, 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 Columbia, South Carolina rental market.
Highlights
An apartment for rent in Columbia, South Carolina typically goes for $1,416 per month, while a single-family home for rent in Columbia, South Carolina has a monthly cost of around $1,580. Renter-occupied units make up 53% of the local housing market, while the rental vacancy rate in Columbia, South Carolina is at 7.4.
Columbia, South Carolina
Average Apartment Rent
$1,416
Y-o-Y Change in Average
Apartment Rent
1.9%
Average Single-Family Rent
$1,580
As of November 2024
Compared to a year ago, Columbia, South Carolina apartments have recorded a 1.9% rent increase.
Columbia, South Carolina Average apartment rent trend
Columbia, South Carolina Average Apartment Rent
Columbia, South Carolina Apartment rent ranges
At 56%, apartments priced $1,000 - $1,500 represent the bulk of Columbia, South Carolina rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.56%.
Columbia, South Carolina Housing tenure**
Renters take up 53% of Columbia, South Carolina real estate, occupying a total of 26,611 units, while homeowners live in 23,612 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$33,301
Average household size of renter-occupied housing units**
2.11
Rental vacancy rate**
7.4%
Columbia, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 10,234 rentals in Columbia, South Carolina with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 231 units. Overall, the median number of rooms in Columbia, South Carolina homes for rent is 4.2.
Columbia, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Columbia, South Carolina are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 15 - 24 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Columbia, South Carolina Renter-occupied housing units by family type**
Columbia, South Carolina Renter-occupied housing units by the presence of own children**
A total of 10,028 apartments for rent in Columbia, South Carolina, or 38% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 6,211 units. All in all, the median size of a renter-occupied household in Columbia, South Carolina is 2.11.
Columbia, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Columbia, South Carolina.
Columbia, South Carolina Renter-occupied units by year structure built**
The highest share of Columbia, South Carolina apartment rentals, namely 14% or 3,805 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (13%, 3,501 units), and the ones Built 2010 - 2019 (13%, 3,395 units).
Columbia, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Columbia, South Carolina renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Columbia, South Carolina condos for rent is 2018.
Columbia, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Columbia, South Carolina renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 18% have No vehicle available.
Columbia, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Columbia, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Columbia, 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 Columbia, 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