Average Rent in Anderson, SC↓ Rents falling 9.3% YoY

Anderson, SC has rental prices ranging from $787/month to $1,581/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $792/month — 43% below the national average of $1,400/month. With a median household income of $69,016/year, spending $792/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Anderson Compares

With an average 2-bedroom rent of $947/month, Anderson ranks #20 most expensive of the 38 cities tracked in South Carolina — pricier than 55% of all US cities in our data.

The Anderson Rental Market

The Anderson, SC area has a population of about 945,301 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Anderson, SC have fallen by $97/month (9.3%) over the past year, from $1,044 to $947. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Anderson, SC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,680. The local median household income of $69,016 exceeds that threshold by $37,336, making Anderson relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Anderson, SC is $274,865, giving a price-to-rent ratio of 24.2. With a break-even horizon of approximately 24 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Anderson, SC Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Anderson?

Break-even analysis and mortgage estimates based on local market data.

Living in Anderson

Cost of living, job market, crime rates, and moving cost estimates.