South Carolina renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in South Carolina is about $1,135 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in South Carolina have a median income of $5,774 per month so the average renter in South Carolina is spending roughly 20% of their earnings on housing.
Nationally, and in South Carolina, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Carolina is $233,397 right now, which is higher than nearby states, meaning that rents in South Carolina also tend to be higher versus these nearby states.
Higher rent prices are common in the southeastern parts of South Carolina while lower rent rates are often available in northeastern areas.
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