Florence, 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 Florence, South Carolina rental market.
Florence, South Carolina
Average Apartment Rent
$1,255
Y-o-Y Change in Average
Apartment Rent
4%
As of May 2026
Compared to a year ago, Florence, South Carolina apartments have recorded a 4% rent increase.
Florence, South Carolina Average apartment rent trend
Florence, South Carolina Average Apartment Rent
Florence, South Carolina Apartment rent ranges
At 44.13%, apartments priced $1,000 - $1,500 represent the bulk of Florence, South Carolina rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.41%.
Florence, South Carolina Housing tenure**
Renters take up 41% of Florence, South Carolina real estate, occupying a total of 6,697 units, while homeowners live in 9,625 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$29,555
Average household size of renter-occupied housing units**
2.17
Rental vacancy rate**
10.1%
Florence, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 2,770 rentals in Florence, South Carolina with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 315 units. Overall, the median number of rooms in Florence, South Carolina homes for rent is 4.6.
Florence, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Florence, South Carolina are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Florence, South Carolina Renter-occupied housing units by family type**
Florence, South Carolina Renter-occupied housing units by the presence of own children**
A total of 3,013 apartments for rent in Florence, South Carolina, or 45% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 1,962 units. All in all, the median size of a renter-occupied household in Florence, South Carolina is 2.17.
Florence, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Florence, South Carolina.
Florence, South Carolina Renter-occupied units by year structure built**
The highest share of Florence, South Carolina apartment rentals, namely 20% or 1,327 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (15%, 1,001 units), and the ones Built 2000 - 2009 (14%, 917 units).
Florence, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Florence, South Carolina renters (49%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Florence, South Carolina condos for rent is 2016.
Florence, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Florence, South Carolina renters have 1 vehicle available per household, 20% of them have No vehicle available, and 19% have 2 vehicles available.
Florence, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Florence, 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 Florence, 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
