The costs of leasing apartment homes or other rental properties in the Lowcountry rose slightly in the past month but still lag last year by close to 2 percent. Rents in greater Charleston increased 0.8 percent in June from 30 days earlier, according to San Francisco-based Apartment List online rental marketplace. However, lease prices are down 1.7 percent year-over-year in metro Charleston, the company says.
Median rent prices in the Lowcountry are "more affordable than comparable cities nationwide," the company notes. Charleston's median two-bedroom rent is below the national average.
By comparison, the Apartment List national rent increased 0.5 percent in the past month and stands 2.9 percent higher than a year ago.