Median rents, rental comps, and market trends across 11 zip codes in Charleston, SC.
Premium rents downtown where the tourists are, investor-friendly prices in North Charleston where the workers live. Military and tourism money keep rental demand consistent, and South Carolina stays landlord-friendly.
Median Asking Rent
$2,132
Rent Change (YoY)
-3.9%
Avg Days on Market
16
Active Rental Listings
5,498
Median List Price
$612,000
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 29401 | $3,950/mo |
| 29403 | $2,664/mo |
| 29466 | $2,528/mo |
| 29464 | $2,224/mo |
| 29412 | $2,210/mo |
| 29492 | $2,165/mo |
| 29405 | $1,797/mo |
| 29407 | $1,794/mo |
| 29414 | $1,742/mo |
| 29418 | $1,700/mo |
| 29406 | $1,604/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,764/mo |
| 1 Bedroom | $1,804/mo |
| 2 Bedroom | $2,122/mo |
| 3 Bedroom | $2,695/mo |
| 4 Bedroom | $3,429/mo |
Aggregated median across all Charleston zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 29401 | $2,225,000 |
| 29464 | $1,200,000 |
| 29403 | $989,000 |
| 29492 | $929,900 |
| 29466 | $868,000 |
| 29412 | $649,000 |
| 29407 | $575,000 |
| 29414 | $489,000 |
| 29405 | $435,000 |
| 29420 | $346,000 |
| 29418 | $320,000 |
| 29406 | $299,999 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $2,020/mo |
| 1 Bedroom | $2,120/mo |
| 2 Bedroom | $2,320/mo |
| 3 Bedroom | $2,890/mo |
| 4 Bedroom | $3,330/mo |
Fair Market Rents are published annually by HUD for the Charleston metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Charleston, SC is currently $2,132/month, based on active rental listings across 11 zip codes. Median asking rents have decreased by -3.9% over the past 12 months.
Asking rents vary significantly across the city. ZIP 29401 has the highest median asking rent at $3,950/month, while ZIP 29406 comes in at $1,604/month.
Rental listings in the area spend an average of 16 days on market before being leased, indicating strong renter demand.
The HUD Fair Market Rent for a 2-bedroom in the Charleston metro area is $2,320/month. Current median asking rents are near or below the FMR for this area.
Charleston is a unique market where tourism, military (Joint Base Charleston), and a growing tech and manufacturing sector all contribute to rental demand. Downtown and the historic district get premium rents driven partly by the tourism economy and partly by people who just want to live there. Mount Pleasant is affluent suburbia. North Charleston and West Ashley are where investors tend to find more workable numbers. South Carolina is landlord-friendly. The catch with Charleston is that it's prone to flooding — sea level rise and storm surge are real concerns that affect insurance costs and long-term property values. If you're investing here, understanding flood zone exposure is as important as understanding the rent comps.
Want to look up rental comps and rent estimates for a specific property in Charleston? PropMetrics lets you search any address and get detailed rental data instantly.
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What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.