Georgia rent price analysis

Rental Market Reports > Single-Family Home Reports > Georgia

This rental market report examines the average rent in Georgia for five of the most analyzed cities on Rentometer in Q2 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q2 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five Georgia cities: Savannah, Atlanta, Augusta, Columbus, and Decatur.

According to our data, Savannah had the largest year-over-year rent price increase of 29%, while Decatur had a decrease of -7%. 

Methodology

  • Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Georgia during Q2 2023.

  • Property Type: 3-BR SFRs with all bathroom counts.

  • Analysis: Rent data was analyzed year-over-year for each city.

  • Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five Georgia cities experienced the following year-over-year rent increases in Q2 2023:

  • The average Savannah rent price is $2,553 with a year-over-year rent price increase of 29%
  • The average Atlanta rent price is $2,644 with a year-over-year rent price increase of 18%
  • The average Augusta rent price is $1,404 with a year-over-year rent price increase of 9%
  • The average Columbus rent price is $1,155 with a year-over-year rent price increase of 3%
  • The average Decatur rent price is $1,949 with a year-over-year rent price decrease of -7%

 

City/State Q2 2022
Average Rent
Q2 2023
Average Rent
YoY %
Change
Savannah, GA $1,984 $2,553 29%
Atlanta, GA $2,250 $2,644 18%
Augusta, GA $1,293 $1,404 9%
Columbus, GA $1,125 $1,155 3%
Decatur, GA $1,883 $1,949 -7%

 

 

 

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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.