How Much Is Rent in Savannah Georgia?
Curious about rent in Savannah, Georgia? This guide offers a detailed look at housing costs and the market dynamics at play.
Savannah, Georgia, with its cobblestone streets, historic architecture, and vibrant cultural scene, presents an appealing living environment. Its charm, coastal location, and expanding economy attract new residents. Understanding the current rental market is important for anyone considering making Savannah their home. This article provides an overview of rental costs across different property types and neighborhoods.
Understanding Average Rental Costs
The average rent in Savannah, Georgia, varies depending on the data source and the types of properties included in the calculation. As of August 2025, the average rent for an apartment in Savannah is reported to be around $1,578 per month. Other analyses indicate a median rent of approximately $2,000 for all property types in Savannah during the same period. Some sources report a higher average of $2,150, which often encompasses all bedrooms and property types, including single-family homes. These figures represent a broad average, and actual rental costs can differ significantly based on specific factors. For instance, the average apartment size in Savannah is around 744 square feet. The cost of living in Savannah is generally lower than the national average, with housing costs being approximately 22.6% less expensive.
Rental Costs by Property Size and Type
Rental expenses in Savannah show distinct variations based on the size and configuration of a property. For studio apartments, renters can expect to pay around $1,694 per month. A one-bedroom apartment typically averages about $1,578 monthly. Moving up in size, two-bedroom apartments generally rent for approximately $1,725 per month.
Larger residences, such as three-bedroom apartments or homes, command higher rents, often starting from $1,981 or more. Single-family homes for rent in Savannah are generally more expensive, with an average monthly cost of about $2,200. Overall, the monthly rent for apartments in Savannah can range from under $1,000 to over $3,000.
Rent Differences Across Savannah Neighborhoods
Rental prices also show considerable variation across Savannah’s diverse neighborhoods, influenced by their unique characteristics and proximity to amenities. The Historic District, known for its charm and tourist attractions, typically features higher rental costs, with average rents around $2,009. Similarly, areas like Yamacraw Village and Hitch Village – Fred Wessels Homes also show elevated average rents.
In contrast, neighborhoods such as West Savannah offer more affordable options, with average rents around $1,136 per month. Other accessible areas include Paradise Park and Garden City, where average rents are also comparatively lower. Proximity to downtown, specific schools, or access to major institutions can significantly impact rental values in these localized markets.
Influences on Rental Prices
Several overarching factors contribute to the dynamics of rental prices in Savannah. The balance between the supply of available rental units and the demand from prospective tenants plays a significant role. Strong local economic health and consistent job growth attract more residents, increasing competition for housing. This heightened demand can lead to upward pressure on rental costs in the city.
The tourism industry and the prevalence of short-term rentals also exert an influence on the long-term rental market. Properties converted for short-term stays can reduce the inventory of available long-term rentals, impacting supply. Additionally, the age, amenities, and condition of properties affect their rental value, with newer constructions or those offering features like parking and in-unit laundry often commanding higher prices. The presence of major institutions, such as the Savannah College of Art and Design (SCAD), further contributes to rental demand by drawing a steady influx of students and faculty.