RentData

Average Rent in Morgan County, GA↑ Rents rising 3.1% YoY🔺 6th priciest in GA

HUD FY2025 · Official government data · Updated annually · Metro pop. 20,614

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

Market Overview

Morgan County, GA has rental prices ranging from $1,032/month to $2,289/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,039/month — 26% below the national average of $1,400/month. With a median household income of $85,692/year, spending $1,039/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Morgan County Compares

With an average 2-bedroom rent of $1,363/month, Morgan County ranks #6 most expensive of the 114 cities tracked in Georgia — pricier than 88% of all US cities in our data.

The Morgan County Rental Market

The Morgan County, GA area has a population of about 20,614 and 25% 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 Morgan County, GA have risen by $41/month (3.1%) over the past year, from $1,322 to $1,363. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Morgan County, GA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $41,560. The local median household income of $85,692 exceeds that threshold by $44,132, making Morgan County relatively accessible compared to local wages.

Economy & Jobs

Morgan County, GA has an unemployment rate of 2.7%, 1.2 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$1,032
Affordable
1 Bedroom
$1,039
Affordable
2 Bedrooms
$1,363
↑3.1% YoY
Affordable
3 Bedrooms
$1,642
Affordable
4 Bedrooms
$2,289
Average
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Is Morgan County, GA 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
$54,520/year
Local median income: $85,692
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,363/month and 20% down on a — home at 7% rate.

Nearby Cities in GAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Atlanta$1,591$1,653$1,830$2,205—
Augusta$868$1,039$1,175$1,545—
Chattanooga$1,231$1,284$1,426$1,796—
Savannah$1,324$1,431$1,584$2,131—
Talbot County$723$767$905$1,268—
Stewart County$770$817$964$1,161—

Rent or Buy in Morgan County?

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

Should I Rent or Buy?

Break-even analysis using real Morgan County data

$
Home Value
$350,000
2BR Rent
$1,363/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,363/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Morgan 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 Morgan County

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💵Rent Affordability in Morgan County

Salary needed to afford rent here

🗺️All Cities in GA

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⚖️Compare Morgan County

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📋GA Tenant Rights

Deposit limits, eviction laws & renters protections