Average Rent in Spartanburg, SC↑ Rents rising 6.1% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 365,086
Market Overview
Spartanburg, SC has rental prices ranging from $1,053/month to $1,631/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,094/month — 22% below the national average of $1,400/month. With a median household income of $62,440/year, spending $1,094/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.
How Spartanburg Compares
With an average 2-bedroom rent of $1,211/month, Spartanburg ranks #8 most expensive of the 38 cities tracked in South Carolina — pricier than 82% of all US cities in our data.
The Spartanburg Rental Market
The Spartanburg, SC area has a population of about 365,086 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 Spartanburg, SC have risen by $70/month (6.1%) over the past year, from $1,141 to $1,211. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Spartanburg, SC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $43,760. The local median household income of $62,440 exceeds that threshold by $18,680, making Spartanburg relatively accessible compared to local wages.
Rent vs. Buy
The median home value in Spartanburg, SC is $236,395, giving a price-to-rent ratio of 16.3. With a break-even horizon of approximately 16 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.
Neighborhoods
Home values — and by extension rent levels — vary significantly across Spartanburg's neighborhoods. Among the highest-value areas are Washington Heights ($109,860 median home value), Historic Beaumont Village ($135,690 median home value), Forest Park ($144,549 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.
Fair Market Rents
HUD FY2025Is Spartanburg, SC Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in SClargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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 | — |
| Florence | $857 | $862 | $1,065 | $1,359 | — |
Rent or Buy in Spartanburg?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Spartanburg data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Mortgage Calculator
Estimate monthly payment for $236,395 home at 7% rate
Living in Spartanburg
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Frequently Asked Questions
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⚖️Rent vs Buy in SpartanburgIs it cheaper to rent or buy here?
💵Rent Affordability in SpartanburgSalary needed to afford rent here
🗺️All Cities in SCSee how Spartanburg ranks statewide
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