Sullivans Island 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 Sullivans Island is about $2,254 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,135. Households in Sullivans Island have a median income of $10,196 per month so the average renter in Sullivans Island is spending roughly 22% of their earnings on housing.
Nationally, and in Sullivans Island, home values are the data point most closely correlated with the cost of rent. The median price of a home in Sullivans Island is $1,159,298 right now, which is higher than nearby cities, meaning that rents in Sullivans Island also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Sullivans Island while lower rent rates are often available in northwestern areas.
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