Rent prices have increased dramatically in Atlanta and across Georgia in general over the past couple of years. If you’re looking to rent an apartment, you’ll almost certainly face sticker shock.
Since COVID-19 first raised its ugly head in February 2020, the average selling price of a 3-bedroom, 2-bathroom house in Georgia has jumped 34%, reflecting a huge demand coupled with a serious supply shortage.
What Is The Average Rent In Atlanta?
The average rent in Atlanta is $2,201 a month, according to 2022 analysis from ApartmentList.com. The city has been one of the most expensive metropolitan areas for people looking for apartments in recent years.
Why Are Rent Prices So High?
Rent prices have skyrocketed of late because of simple supply-and-demand economics that touch on two main issues affecting Georgia and much of the nation:
- Rental Unit Shortage: There are not as many housing units to meet population demand in the Atlanta area. The same is true for much of the United States.
- Housing Shortage: Because people can’t find homes to rent, that has led to a supply issue with rental units as well. Both markets are seeing premium pricing as a result.
Here are the average prices for a studio, one-, two- and three-bedroom apartment in Atlanta. For average apartment sizes, we used analysis from RentCafe.com.
| Apartments | Average Size | Average Monthly Rent |
|---|---|---|
| Studio | 500-600 square feet | $1,629 |
| One-Bedroom | 786 square feet | $1,862 |
| Two-Bedroom | 1,125 square feet | $2,431 |
| Three-Bedroom | 1,200 square feet and up | $2,882 |
Final Word
The average rent price in Atlanta tops more than $2,000, but that figure depends on several factors like unit type, which side of town it’s on and the affordable alternative housing options in the area.
Rent prices will also depend on which kinds of amenities — like nice pools — are offered.
Here’s how to find an apartment to rent.
AtlantaFi Articles:
- Most Expensive Homes in Atlanta Right Now
- All The Wonderful Things To Do In Midtown Atlanta
- How To Rent An Apartment In Atlanta