When one thinks of “upscale Atlanta,” one immediately thinks of Midtown. This community is perfect for those who enjoy the arts at the high end. There is the High Museum of Art, the Woodruff Arts Center, Fox Theatre, and the Atlanta Botanical Gardens. Its close proximity to Downtown makes it a popular destination and living space for young professionals. However, the fun is not exclusively reserved for this group. This neighborhood encompasses the Georgia Institute of Technology, meaning there are a few pockets that are more geared towards the college crowd. No matter what your age or background, you can enjoy the many award-winning restaurants, bars, and shops. There is also the gorgeous 189-acre Piedmont Park, ideal for catching a breath of fresh air or walking your pooch.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the November 2021 Atlanta Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2021 key findings and figures for the Atlanta rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Atlanta and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Atlanta average rent prices in the chart below.
Atlanta rent prices decreased over the last month. From October to November, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Atlanta one-bedroom apartments currently stands at $1,933.0.
When we take a look at the two-bedroom comparison from October to November, Atlanta experienced a 0.27% increase for the price of a two-bedroom apartment. The rent price for a Atlanta two-bedroom apartments currently stands at $2,226.0.
Rent prices have decreased in Atlanta over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 7 of the Atlanta suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Duluth, GA, Decatur, GA, Marietta, GA, Sandy Springs, GA, Kennesaw, GA, Dunwoody, GA, Norcross, GA .
Rents did not decrease in any of the Atlanta suburbs.
2 suburbs are currently priced higher than the city of Atlanta.
5 suburbs are currently priced lower than the city of Atlanta.
Rent growth in Atlanta over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Atlanta average rent prices appear to be relatively affordable for local residents.
The price for a Atlanta one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's November 2021 National Apartment Report and data set here.
For more information about Atlanta and surrounding area rent prices, take a look at the complete data set below.
|1 BR November||1 BR M/M % Change||2 BR November||2 BR M/M % Change|
|Sandy Springs, GA||$1,980.0||4.87%||$2,098.0||2.44%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.