RentData

Average Rent in Colleton County, SC Rents rising 3.1% YoY🔻 3rd cheapest in SC

HUD FY2025 · Official government data · Updated annually · Metro pop. 38,623

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Colleton County, SC has rental prices ranging from $705/month to $1,566/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $757/month — 46% below the national average of $1,400/month. With a median household income of $48,779/year, spending $757/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Colleton County Compares

With an average 2-bedroom rent of $933/month, Colleton County ranks #36 most expensive of the 38 cities tracked in South Carolina — more affordable than 60% of all US cities in our data.

The Colleton County Rental Market

The Colleton County, SC area has a population of about 38,623 and 27% 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 Colleton County, SC have risen by $28/month (3.1%) over the past year, from $905 to $933. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Colleton County, SC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,280. The local median household income of $48,779 exceeds that threshold by $18,499, making Colleton County relatively accessible compared to local wages.

Economy & Jobs

Colleton County, SC has an unemployment rate of 4.8%, 0.9 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$705
Affordable
1 Bedroom
$757
Affordable
2 Bedrooms
$933
3.1% YoY
Affordable
3 Bedrooms
$1,124
Affordable
4 Bedrooms
$1,566
Average
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Is Colleton County, SC Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$37,320/year
Local median income: $48,779
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $933/month and 20% down on a home at 7% rate.

Nearby Cities in SClargest metros in the state

CityStudio1BR2BR3BRHome Value
Anderson$787$792$947$1,204
Greenville$1,136$1,180$1,306$1,599
Columbia$1,063$1,172$1,298$1,656
Charleston$1,583$1,644$1,820$2,255
Myrtle Beach$1,133$1,199$1,406$1,771
Spartanburg$1,053$1,094$1,211$1,493

Rent or Buy in Colleton County?

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

Should I Rent or Buy?

Break-even analysis using real Colleton County data

$
Home Value
$350,000
2BR Rent
$933/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $933/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Colleton County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Colleton County

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💵Rent Affordability in Colleton County

Salary needed to afford rent here

🗺️All Cities in SC

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📋SC Tenant Rights

Deposit limits, eviction laws & renters protections