Department of Numbers

Atlanta Georgia Residential Rent and Rental Statistics

The median monthly gross residential rent in Atlanta, GA (the Atlanta-Sandy Springs-Marietta metro area) was $1,068 in 2016 according to the Census ACS survey.1 Average gross rent in Atlanta was $1,082 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Atlanta median and average rent data will be released in September of 2018.

Data is also available below for Atlanta rental vacancy rates, Atlanta rent as a percent of median income and the fraction of renters in Atlanta.

Show dollars as: Nominal Real

Real Gross Rent in Atlanta Georgia (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Georgia Median Gross Rent $933 +1.30% +9.12%
Atlanta, GA Median Gross Rent $1,068 +3.89% +12.18%

Atlanta, GA Real Gross Rent Trends

At $1,068, real median gross rent in Atlanta was at its highest level in 2016 since the series began in 2005. At $1,082, real average gross rent in Atlanta was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Atlanta: Atlanta GA Median, Atlanta GA Average, Georgia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Atlanta

Date US
Median
Georgia
Median
Atlanta, GA
Median
Atlanta, GA
Average
2016 $981 $933 $1,068 $1,082
2015 $972 $921 $1,028 $1,049
2014 $942 $889 $990 $1,010
2013 $910 $855 $952 $973
2012 $898 $850 $944 $962
2011 $898 $859 $943 $977
2010 $912 $874 $971 $985
2009 $916 $871 $993 $1,008
2008 $932 $890 $1,011 $1,020
2007 $885 $862 $984 $985
2006 $895 $865 $993 $991
2005 $869 $846 $971 $981

Atlanta Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Atlanta Georgia was 5.58% according to Census ACS data.

Rental Vacancy Rate in Atlanta Georgia

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Georgia 6.15% -0.32% -3.11%
Atlanta, GA 5.58% -0.35% -3.64%

Trends in Atlanta, GA Rental Vacancy Rate

The rental vacancy rate in Atlanta peaked in 2009 at 13.96%. Since then it has fallen by 8.38% to 5.58%. Data records for this series originated in 2005.

Rental Vacancy Rate: Atlanta GA, Georgia, US

Rental vacancy rate in Georgia

Historical Rental Vacancy Rate data for Atlanta

Date US Georgia Atlanta, GA
2016 5.89% 6.15% 5.58%
2015 5.85% 6.47% 5.93%
2014 6.32% 8.17% 8.42%
2013 6.49% 9.26% 9.22%
2012 6.77% 9.53% 9.68%
2011 7.40% 10.72% 10.79%
2010 8.17% 11.72% 12.92%
2009 8.43% 12.32% 13.96%
2008 7.86% 10.89% 11.92%
2007 7.87% 10.54% 11.34%
2006 7.70% 10.33% 12.13%
2005 7.74% 11.53% 12.81%

Rent as a Fraction of Income

Using median household income data for Atlanta, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Atlanta, median monthly gross rent as a fraction of median household income was 20.47% in 2016 according to the ACS.

Atlanta Georgia Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Georgia 20.90% -0.38% -0.42%
Atlanta, GA 20.47% +0.24% +0.08%

Trends in Atlanta, GA Rent as a Fraction of Income

The fraction of median Atlanta household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.98%. Since then it has fallen by 0.51% to 20.47%.

Fraction of Income towards Rent: Atlanta GA, Georgia, US

Percent of median household income going towards median monthly gross rent in Atlanta Georgia

Historical Data for Annual Rent as a Fraction of Income in Atlanta Georgia

Date US Georgia Atlanta, GA
2016 20.43% 20.90% 20.47%
2015 20.63% 21.29% 20.23%
2014 20.89% 21.46% 20.98%
2013 20.78% 21.33% 20.39%
2012 20.65% 21.28% 20.41%
2011 20.70% 21.73% 20.84%
2010 20.50% 21.17% 20.53%
2009 20.12% 20.17% 19.73%
2008 19.00% 18.57% 17.68%
2007 18.66% 18.76% 18.40%
2006 18.90% 18.91% 18.30%
2005 18.89% 18.66% 18.04%

Renter Fraction in Atlanta Georgia

You can calculate the renter fraction in Atlanta in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Atlanta as a fraction of total Atlanta households. In 2016 38.68% of households were renters according to Census ACS data.

Atlanta Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Georgia 38.46% +0.30% +1.12%
Atlanta, GA 38.68% +0.23% +2.00%

Trends in the Atlanta, GA Renter Fraction

At 38.68%, the 2016 household based renter fraction in Atlanta was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Atlanta GA, Georgia, US

Fraction of renters in Atlanta

History of Atlanta Renter Fraction

Date US Georgia Atlanta, GA
2016 36.88% 38.46% 38.68%
2015 36.97% 38.16% 38.45%
2014 36.90% 37.77% 37.59%
2013 36.50% 37.34% 36.68%
2012 36.09% 36.35% 36.19%
2011 35.42% 35.42% 35.66%
2010 34.65% 33.83% 33.50%
2009 34.13% 32.96% 31.52%
2008 33.36% 32.55% 31.35%
2007 32.80% 31.46% 30.44%
2006 32.73% 32.33% 30.96%
2005 33.10% 33.19% 32.54%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.