RentData

Average Rent in Spartanburg, SC Rents rising 6.1% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 365,086

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

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 FY2025
Studio
$1,053
Affordable
1 Bedroom
$1,094
Affordable
2 Bedrooms
$1,211
6.1% YoY
Affordable
3 Bedrooms
$1,493
Affordable
4 Bedrooms
$1,631
Average
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Median Home Value
$236,395
Source: Zillow ZHVI
Est. monthly payment
$1,258/mo
20% down · 30yr · 7%

Is Spartanburg, 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
$48,440/year
Local median income: $62,440
To buy a median home
$50,328/year
US national median: $75,000
💡 Based on a 2BR rent of $1,211/month and 20% down on a $236,395 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
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

$
Home Value
$236,395
2BR Rent
$1,211/mo
Mortgage Rate
7%
Monthly P&I
$1,258/mo
🏠 Buy

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

Total monthly buy cost: $1,741/movs rent: $1,211/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $236,395 home at 7% rate

20% — $47,279
3%50%
Estimated Monthly Payment
$1,258
per month · 30 years · 7% APR
Loan Amount
$189,116
Total Paid
$452,950
Total Interest
$263,834
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Spartanburg

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Frequently Asked Questions

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🏘️Neighborhoods in Spartanburg

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Spartanburg

Is it cheaper to rent or buy here?

💵Rent Affordability in Spartanburg

Salary needed to afford rent here

🗺️All Cities in SC

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📋SC Tenant Rights

Deposit limits, eviction laws & renters protections