Median rents, rental comps, and market trends across 11 zip codes in Savannah, GA.
The tourism dollars are obvious — the long-term rental math is what most investors overlook. Short-term vs long-term strategy dramatically affects your returns here, and the city has opinions about which one you pick.
Median Asking Rent
$1,878
Rent Change (YoY)
-2.5%
Avg Days on Market
45
Active Rental Listings
2,618
Median List Price
$349,900
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 31411 | $4,500/mo |
| 31401 | $2,200/mo |
| 31410 | $2,000/mo |
| 31322 | $1,995/mo |
| 31405 | $1,800/mo |
| 31404 | $1,750/mo |
| 31407 | $1,728/mo |
| 31419 | $1,725/mo |
| 31408 | $1,600/mo |
| 31415 | $1,600/mo |
| 31406 | $1,500/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,513/mo |
| 1 Bedroom | $1,394/mo |
| 2 Bedroom | $1,600/mo |
| 3 Bedroom | $2,025/mo |
| 4 Bedroom | $2,400/mo |
Aggregated median across all Savannah zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 31411 | $849,000 |
| 31401 | $695,000 |
| 31410 | $445,000 |
| 31405 | $415,000 |
| 31322 | $379,900 |
| 31406 | $349,900 |
| 31407 | $339,900 |
| 31419 | $330,000 |
| 31404 | $310,000 |
| 31408 | $260,000 |
| 31415 | $199,900 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,720/mo |
| 1 Bedroom | $1,820/mo |
| 2 Bedroom | $1,990/mo |
| 3 Bedroom | $2,650/mo |
| 4 Bedroom | $3,020/mo |
Fair Market Rents are published annually by HUD for the Savannah 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 Savannah, GA is currently $1,878/month, based on active rental listings across 11 zip codes. Median asking rents have decreased by -2.5% over the past 12 months.
Asking rents vary significantly across the city. ZIP 31411 has the highest median asking rent at $4,500/month, while ZIP 31406 comes in at $1,500/month.
Rental listings in the area spend an average of 45 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Savannah metro area is $1,990/month. Current median asking rents are near or below the FMR for this area.
Savannah is a market where your rental strategy matters as much as your rent estimate. The historic district drives major tourism, and short-term rentals can generate significantly more revenue than long-term leases in certain areas — but the city has been tightening STR regulations. Hunter Army Airfield and Fort Stewart (nearby) provide military renter demand. The Victorian District and Ardsley Park are premium for long-term rentals. West Savannah and the Southside are more affordable. SCAD (Savannah College of Art and Design) brings a student population too. It's a smaller market, so the tenant pool is thinner, but the fundamentals work if you pick the right strategy and the right location.
Want to look up rental comps and rent estimates for a specific property in Savannah? 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.