Rent prices are creeping up in Atlanta and across Georgia and it’s the usual culprits, demand and lack of inventory. 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 56%, reflecting a huge demand coupled with a serious supply shortage.
What Is The Average Rent In Atlanta?
The average rent in Atlanta is $1,521 a month, according to a 2024 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 |
How To Lower Your Rental Costs
Saving on apartment rent can make a big difference in your overall budget. Here are some strategies to help you reduce rental costs or get more value out of your apartment:
1. Negotiate the Rent
- Timing is key: Landlords are often more open to negotiation at the end of a lease term or during the off-season (typically winter months, when fewer people are moving).
- Use market comparisons: Research similar apartments in your area. If you find similar places at a lower rent, use that as leverage when negotiating.
- Offer to sign a longer lease: If you’re willing to commit for a longer period, like 18 months or 2 years, landlords may offer a lower rate in exchange for stability.
2. Look for Apartments in Less Expensive Neighborhoods
- Expand your search area: Often, renting in up-and-coming or less trendy neighborhoods can save you hundreds of dollars each month while still offering good amenities.
- Consider proximity to transit: Apartments a few blocks from major transit lines or bus routes can be more affordable, but still offer great access to the city center.
3. Look for Rent Specials or Promotions
- Move-in incentives: Many landlords offer promotional discounts, such as one month free or a reduced rent for the first few months. These promotions can save you a significant amount over time.
- Seasonal deals: Rent prices may drop during slower times of the year (e.g., winter months), so you may get a better deal during these periods.
4. Consider a Roommate
- Split the rent: If you’re open to sharing, getting a roommate or two can dramatically lower your rent. In many cases, you can rent a two-bedroom or three-bedroom place for much less than the cost of a single unit.
- Negotiate together: If you’re moving in with a roommate, you can negotiate as a group for a better rate, especially if you’re willing to sign a longer-term lease.
5. Downsize or Adjust Your Space Requirements
- Opt for a smaller unit: Consider moving into a smaller apartment or a studio. If you don’t need extra space, downsizing can save you money.
- Adjust the amenities: If you’re currently in a luxury building with lots of amenities you don’t use, consider moving to a simpler building that doesn’t charge for features you don’t need.
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.
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