Savannah rents and rental comps

The median asking rent across Savannah, GA sits at $1,875/month, pulled from active rental listings in 11 zip codes. That's down 4.9% from a year ago.

Rents aren't uniform across the city. ZIP 31411 tops the list at $3,800/month. ZIP 31406 comes in lowest at $1,500/month. That's a 153% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,646/month at the median. 1-bedrooms run about $1,414. 3-bedrooms come in around $2,005.

Listings take longer here. The average is 49 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Savannah. The gross figure sits at about 6.3% ($1,875/month against $356,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Savannah metro is $1,990/month. Asking rents come in about 6% below the federal benchmark, which can make Section 8 properties competitive here.

Savannah is a market where rental strategy matters as much as the rent estimate. The historic district drives major tourism, and short-term rentals can generate significantly more revenue than long-term leases in certain areas. The city has been tightening STR regulations though, so check before you commit. Hunter Army Airfield and nearby Fort Stewart provide military renter demand. The Victorian District and Ardsley Park are premium for long-term rentals. West Savannah and the Southside are cheaper. SCAD (Savannah College of Art and Design) adds a student renter population. Smaller market with a thinner tenant pool, but the fundamentals work if you pick the right strategy and the right location.

These numbers are city-wide averages. If you're pricing a specific property in Savannah, pull comps from the same zip code. The spread is usually bigger than people expect.