RentData

Average Rent in Sumter, SC Rents rising 5.1% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 104,853

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

Market Overview

Sumter, SC has rental prices ranging from $839/month to $1,719/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $951/month — 32% below the national average of $1,400/month. With a median household income of $55,990/year, spending $951/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Sumter Compares

With an average 2-bedroom rent of $1,224/month, Sumter ranks #7 most expensive of the 38 cities tracked in South Carolina — pricier than 83% of all US cities in our data.

The Sumter Rental Market

The Sumter, SC area has a population of about 104,853 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Sumter, SC have risen by $59/month (5.1%) over the past year, from $1,165 to $1,224. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Sumter, SC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,040. The local median household income of $55,990 exceeds that threshold by $17,950, making Sumter relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Sumter, SC is $215,942, giving a price-to-rent ratio of 14.7. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2025
Studio
$839
Affordable
1 Bedroom
$951
Affordable
2 Bedrooms
$1,224
5.1% YoY
Affordable
3 Bedrooms
$1,475
Average
4 Bedrooms
$1,719
Average
🔔
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Median Home Value
$215,942
Source: Zillow ZHVI
Est. monthly payment
$1,149/mo
20% down · 30yr · 7%

Is Sumter, 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
$48,960/year
Local median income: $55,990
To buy a median home
$45,973/year
US national median: $75,000
💡 Based on a 2BR rent of $1,224/month and 20% down on a $215,942 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 Sumter?

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

Should I Rent or Buy?

Break-even analysis using real Sumter data

$
Home Value
$215,942
2BR Rent
$1,224/mo
Mortgage Rate
7%
Monthly P&I
$1,149/mo
🏠 Buy

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

Total monthly buy cost: $1,590/movs rent: $1,224/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 $215,942 home at 7% rate

20% — $43,188
3%50%
Estimated Monthly Payment
$1,149
per month · 30 years · 7% APR
Loan Amount
$172,754
Total Paid
$413,760
Total Interest
$241,006
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Sumter

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🏘️Neighborhoods in Sumter

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⚖️Rent vs Buy in Sumter

Is it cheaper to rent or buy here?

💵Rent Affordability in Sumter

Salary needed to afford rent here

🗺️All Cities in SC

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📋SC Tenant Rights

Deposit limits, eviction laws & renters protections