Statistics About The Average Rent In Savannah Ga

In the following post, we will explore a comprehensive overview of the average rent in Savannah, GA, highlighting key statistics and trends in the local rental market. From the historical evolution of rental prices to specific neighborhood averages and cost breakdowns, this information will provide valuable insights for both residents and potential renters in Savannah.

Statistic 1

"In the past 10 years, the average rent in Savannah, GA has increased by 25%."

Statistic 2

"The average rent in Savannah, GA is higher than the national average by 10%."

Statistic 3

"The average rent in Savannah, GA for a pet-friendly apartment is approximately $1,500 per month."

Statistic 4

"The average rent for a 1-bedroom apartment in Savannah, GA is around $1,200 per month."

Statistic 5

"Savannah, GA's rent is comparatively lower than Atlanta, GA by about 20%."

Statistic 6

"The average rent in Savannah's Victorian District is about $1,500 per month."

Statistic 7

"The average rent price in Savannah, GA's Westside neighborhood is approximately $1,300 per month."

Statistic 8

"The rent prices in Savannah, GA have been relatively stable compared to other major Georgia cities."

Statistic 9

"The historic district of Savannah, GA has an average rent of $1,600 per month."

Statistic 10

"The average rent in Savannah, GA, tends to be lower during the winter months by approximately 5%."

Statistic 11

"Downtown Savannah has the highest average rent at about $1,800 per month."

Statistic 12

"The average utility cost for renters in Savannah, GA is about $150 per month."

Statistic 13

"The average studio apartment rent in Savannah, GA is around $1,000 per month."

Statistic 14

"Savannah, GA has seen a year-over-year rent increase of 5%."

Statistic 15

"The average rent in the suburbs of Savannah, GA is about $1,300 per month."

Statistic 16

"The average rent for student housing near Savannah College of Art and Design is about $1,300 per month."

Statistic 17

"The average rent for luxury apartments in Savannah, GA is around $2,200 per month."

Statistic 18

"The average rent for a 3-bedroom apartment in Savannah, GA is approximately $1,700 per month."

Statistic 19

"Renters in Savannah, GA, dedicated about 30% of their income to rent on average."

Statistic 20

"The average rent for a 2-bedroom apartment in Savannah, GA is about $1,400 per month."

In conclusion, the statistics on the average rent in Savannah, GA paint a picture of a city experiencing significant growth in its rental market over the past decade. With a 25% increase in rent prices, Savannah’s average rent exceeds the national average by 10%. Specific neighborhoods like the Victorian District and Westside command different price points, with Downtown Savannah having the highest average rent. Despite these variations, the city’s rent prices have remained relatively stable when compared to other major Georgia cities. Renters in Savannah typically allocate around 30% of their income towards rent, with fluctuations occurring seasonally and in different types of housing such as pet-friendly or luxury apartments. Overall, the data reflects both the diversity and affordability of rental options in Savannah, offering insights for both residents and prospective tenants in the area.