South Carolina Rent Trends (2026)

Stable

South Carolina continues attracting migration with steady growth

+5.5%
Year-over-Year
+38%
5-Year Change
$1,640
Current Avg 2BR
$1,730
Projected 2027

South Carolina Market Outlook: Stable

South Carolina has seen significant growth, particularly in Charleston which has become increasingly expensive. Greenville has emerged as a manufacturing and corporate hub. Columbia maintains affordability as the capital.

Expect relatively stable rent prices

Key Factors

  • Cost of Living Index: 93 (below national avg)
  • Housing Index: 85
  • Metro Areas Tracked: 3
  • Rent Range: $1,380 - $1,860

South Carolina Rent History & Projections

2021 (Est.)
$1,188
5 years ago
2026 (Current)
$1,640
today
2027 (Proj.)
$1,730
+5.5%
2031 (Proj.)
$2,143
if trend continues

Note: Projections are estimates based on current trends and may vary based on economic conditions, policy changes, and market dynamics. Past performance does not guarantee future results.

South Carolina Cost of Living Breakdown

Below average Southern affordability

93
Overall Index
85
Housing
105
Utilities
98
Groceries
93
Transportation

Index values: 100 = national average. Below 100 = cheaper than average. Above 100 = more expensive.

South Carolina Metro Areas by Rent

Compare rent across 3 South Carolina cities

CityStudio1 Bed2 Bed3 Bedvs State Avg
Charleston, SC$1,318$1,550$1,860$2,403+13%
Myrtle Beach, SC$1,190$1,400$1,680$2,170+2%
Columbia, SC$978$1,150$1,380$1,783-16%

Tips for South Carolina Renters

Build Landlord Relationships

In stable markets, good tenant-landlord relationships can lead to minimal rent increases and better treatment over time.

Plan for Modest Increases

Even in stable markets, expect 2-4% annual increases. Budget accordingly and maintain good payment history for negotiating power.

Consider Alternatives

South Carolina's cheapest city (Columbia) offers 2BR at $1,380/mo vs $1,860/mo in Charleston.

Factor in Total Costs

Remember that South Carolina's cost of living index is 93. Lower rent plus lower overall costs means more purchasing power.