What’s not to like about Atlanta?
The city boasts a thriving economy, booming film and music industries, vibrant culture and some of the best food in the South. Add in the historical roots and family-friendly attractions and it’s no wonder that Atlanta is loved by locals and tourists alike.
So, how much can you expect to pay to live in the “Capital of the New South?”
We've collected average rent data across a number of popular Atlanta neighborhoods and analyzed them to determine both the most expensive and affordable areas of the city in which to live. The data presented below reflects rent trends for a 1-bedroom apartment in Apartment Guide's inventory of available listings over the past year.
Probably coming as no surprise to Atlanta renters, the neighborhoods with the highest average rents are just north and east of downtown, with Old Fourth Ward, Poncey-Highland and Midtown being the most expensive neighborhoods in the city. These neighborhoods each have average rents above $2,200 per month. All of the other pricey areas on our list extend further northeast of downtown Atlanta, with the exception of Home Park – located west of Midtown and just north of Georgia Tech.
| Neighborhood | Average 1-Bedroom Rent |
|---|---|
| Old Fourth Ward | $2,530 |
| Poncey-Highland | $2,275 |
| Midtown | $2,252 |
| Morningside-Lenox Park | $2,126 |
| Inman Park | $2,110 |
| Lenox | $2,055 |
| Northeast Atlanta | $2,028 |
| Peachtree Hills | $1,968 |
| Home Park | $1,924 |
| Buckhead Village | $1,871 |
Conversely, the least expensive neighborhoods in Atlanta are mostly scattered across the northwest and southwest sectors of the city. Rent in these areas average $1,000 or less per month. Browns Mill Park, located about five miles south of downtown Atlanta, is the cheapest neighborhood in the city. Surprisingly, our data lists Garden Hills as one of the least expensive Atlanta neighborhoods. Garden Hills borders Buckhead Village, which is one of the most expensive neighborhoods in the city according to our data.
| Neighborhood | Average 1-Bedroom Rent |
|---|---|
| Browns Mill Park | $541 |
| Harland Terrace | $576 |
| Fort Valley | $625 |
| Campbellton Road | $705 |
| Bolton | $795 |
| Riverside | $865 |
| Southside | $946 |
| Embry Hills | $995 |
| West Highlands | $999 |
| Garden Hills | $1,000 |
More and more people are flocking to Georgia’s capital – the U.S. Census Bureau lists Atlanta as the third largest growing metropolitan area in 2017. However, average rents in Atlanta have not reached the sky-high levels seen in other large American cities. At least, not in every neighborhood.
For instance, when you compare Apartment Guide data of the average rent in Atlanta to other American cities named as finalists for Amazon’s HQ2, Atlanta falls right in the middle with an average city-wide rent of $1,130.
For a complete rundown of average neighborhood prices, see the image below.
Felix is an SEO Analyst specializing in demographics, rent trends, economic data and measuring user intent. He primarily focuses on the retail, transportation and real estate industries, and his work has appeared in the Stanford Undergraduate Economics Journal. Felix holds a B.A. in Economics from the University of Michigan.
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