Greater Myrtle Beach, 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 Greater Myrtle Beach, South Carolina rental market.
Greater Myrtle Beach, South Carolina
Average Apartment Rent
$1,605
Y-o-Y Change in Average
Apartment Rent
-2.7%
As of March 2026
Compared to a year ago, Greater Myrtle Beach, South Carolina apartments have recorded a -2.7% rent decrease.
Greater Myrtle Beach, South Carolina Average apartment rent trend
Greater Myrtle Beach, South Carolina Average Apartment Rent
Greater Myrtle Beach, South Carolina Apartment rent ranges
At 50.61%, apartments priced $1,000 - $1,500 represent the bulk of Greater Myrtle Beach, South Carolina rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.09%.
Greater Myrtle Beach, South Carolina Housing tenure**
Renters take up 39% of Greater Myrtle Beach, South Carolina real estate, occupying a total of 6,385 units, while homeowners live in 9,816 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$32,769
Average household size of renter-occupied housing units**
2.38
Rental vacancy rate**
24.5%
Greater Myrtle Beach, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 3,051 rentals in Greater Myrtle Beach, South Carolina with 2 beds making up the highest share of the market, at 48%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 153 units. Overall, the median number of rooms in Greater Myrtle Beach, South Carolina homes for rent is 4.
Greater Myrtle Beach, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Greater Myrtle Beach, South Carolina are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 45 - 54 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 – 2%.
Greater Myrtle Beach, South Carolina Renter-occupied housing units by family type**
Greater Myrtle Beach, South Carolina Renter-occupied housing units by the presence of own children**
A total of 2,839 apartments for rent in Greater Myrtle Beach, South Carolina, or 44% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 1,570 units. All in all, the median size of a renter-occupied household in Greater Myrtle Beach, South Carolina is 2.38.
Greater Myrtle Beach, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Greater Myrtle Beach, South Carolina.
Greater Myrtle Beach, South Carolina Renter-occupied units by year structure built**
The highest share of Greater Myrtle Beach, South Carolina apartment rentals, namely 22% or 1,425 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (19%, 1,198 units), and the ones Built 2010 - 2019 (17%, 1,084 units).
Greater Myrtle Beach, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Greater Myrtle Beach, South Carolina renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Greater Myrtle Beach, South Carolina condos for rent is 2017.
Greater Myrtle Beach, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Greater Myrtle Beach, South Carolina renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 16% have No vehicle available.
Greater Myrtle Beach, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Greater Myrtle Beach, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Greater Myrtle Beach, 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
