Spartanburg, 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 Spartanburg, South Carolina rental market.

Spartanburg, South Carolina

Average Apartment Rent

$1,213

Y-o-Y Change in Average
Apartment Rent

4.6%

As of November 2024

Compared to a year ago, Spartanburg, South Carolina apartments have recorded a 4.6% rent increase.

Spartanburg, 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
Spartanburg $1,019 $1,035 $1,089 $1,114 $1,145 $1,185 $1,160 $1,150 $1,186 $1,213
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Spartanburg
National
Nov 2021
$1,019
$1,596
Mar 2022
$1,035
$1,635
Jul 2022
$1,089
$1,708
Nov 2022
$1,114
$1,726
Mar 2023
$1,145
$1,714
Jul 2023
$1,185
$1,739
Nov 2023
$1,160
$1,733
Mar 2024
$1,150
$1,727
Jul 2024
$1,186
$1,752
Nov 2024
$1,213
$1,748

Spartanburg, South Carolina Average Apartment Rent

Spartanburg, South Carolina Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 65.83%, apartments priced $1,000 - $1,500 represent the bulk of Spartanburg, South Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 1.43%.

Spartanburg, South Carolina Housing tenure**

Renter occupied housing units 7,333
Owner occupied housing units 8,254

Renters take up 47% of Spartanburg, South Carolina real estate, occupying a total of 7,333 units, while homeowners live in 8,254 properties.

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

4.2

Renter median household income**

$30,317

Average household size of renter-occupied housing units**

2.25

Rental vacancy rate**

4.2%

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

No bedrooms 460
1 bed 1,541
2 beds 3,080
3 beds 1,935
4 beds 296

There are 3,080 rentals in Spartanburg, South Carolina with 2 beds making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 296 units. Overall, the median number of rooms in Spartanburg, South Carolina homes for rent is 4.2.

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

15 - 24 years 741
25 - 34 years 1,800
35 - 44 years 1,275
45 - 54 years 769
55 - 59 years 875
60 - 64 years 559
65 - 74 years 950
75 - 84 years 196
85 years and over 168

Most condos for rent in Spartanburg, South Carolina are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.

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

Family households 3,638
Non-Family Households 3,695

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

With related children of the householder under 18 2,558
No related children of the householder under 18 4,775

A total of 3,638 apartments for rent in Spartanburg, South Carolina, or 50% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 2,558 units. All in all, the median size of a renter-occupied household in Spartanburg, South Carolina is 2.25.

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

Less than high school graduate 1,269
High school graduate (including equivalency) 2,439
Some college or associate's degree 2,203
Bachelor's degree or higher 1,422

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 17% of the homes for rent in Spartanburg, South Carolina.

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

Built 2010 - 2019 378
Built 2000 - 2009 683
Built 1990 - 1999 527
Built 1980 - 1989 1,162
Built 1970 - 1979 1,537
Built 1960 - 1969 966
Built 1950 - 1959 824
Built 1940 - 1949 688
Built 1939 or earlier 561

The highest share of Spartanburg, South Carolina apartment rentals, namely 21% or 1,537 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 1,162 units), and the ones Built 1960 - 1969 (13%, 966 units).

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

Moved in 2021 or later 574
Moved in 2018 to 2020 2,770
Moved in 2010 to 2017 3,052
Moved in 2000 to 2009 685
Moved in 1990 to 1999 174
Moved in 1989 or earlier 78

Median year renter moved into unit 2017

Most Spartanburg, 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 Spartanburg, South Carolina condos for rent is 2017.

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

No vehicle available 1,652
1 vehicle available 3,522
2 vehicles available 1,809
3 vehicles available 302
4 or more vehicles available 48

When it comes to transportation options, 48% of Spartanburg, South Carolina renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 23% have No vehicle available.

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

Car, truck, or van - drove alone 4,909
Car, truck, or van - carpooled 959
Public transportation (excluding taxicab) 34
Walked 89
Taxicab, motorcycle, bicycle, or other means 226
Worked at home 204

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

Same house as 1 year ago 12,045
Moved within same county 2,564
Moved from different county within same state 941
Moved from different state 596

Spartanburg, 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 Spartanburg, 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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