A recent report by Apartment List shows some interesting rental trends in the metro Atlanta area. Among them: Smyrna rent continued to steeply rise into October — up a total of 8.9 percent over the past year.
Speculators could easily attribute the phenomenon to the Atlanta Braves’ upcoming relocation to Smyrna, but we all know what happens when we assume.
The data also show that Atlanta is the most expensive city in the metro (don't say "duh" when Sandy Springs and Decatur are in the mix), with two-bedroom dwellings costing $1,680 and one bedrooms with a median rent of $1,370.
Meanwhile, Midtown remains the most expensive neighborhood for Atlanta renters overall: a two-bedroom there goes for $2,410, and it costs $1,540 to rent a one-bedroom spot. Those numbers are getting high for Atlanta, but such is the price of a "Great Place" these days.
Some other interesting findings: Atlanta rents decreased by 0.1 percent between August and September and are up 5.2 percent over the last year.
Apartment List is an online apartment rental marketplace. Data from its studies come from the hundreds of thousands of listings on the site.
- Rent Report Atlanta [Apartment List]