Apartment hunting bringing you down? We get it.
With a median rent of $1,140 a month and an average of $1,237 for all property types, Atlanta has seen an increase of roughly 8.2 percent year-over-year and sits among the top cities nationwide for rent growth in 2015, according to RENTCafé, an online listing service.
Data from its sister company, YARDI Matrix—a business development tool—shows that the projected growth for Atlanta rent in 2016 is 6.8 percent.
In its Winter 2016 Multifamily Outlook report, YARDI Matrix examined factors such as economic expansion, renter demand, supply growth and the health of the city's capital markets.
As daunting as it may seem with the city's continuing rising rent growth, it's still possible to find a nice selection of rental bargains in Atlanta for below average rent per month–whether you're looking for high-rise living near the heart of downtown or a cozy unit in metro Atlanta's most desirable neighborhoods.
Here are some of the best finds under or around the city average of $1,200/month:
The Highland Ridge Apartments in Loring Heights, Intown Atlanta, offer quiet and comfortable living just minutes away from downtown and are conveniently located near entertainment, dining and shopping options. Rates for one-bedroom apartments begin at $780 and the one-bedroom units start at 450 square feet. Photo credit: RENTCafé.
Rents for one-bedroom apartments at the Residences at City Center Apartments in Vine City, Northwestern Atlanta, begin at $795 with floor plans starting at 575 square feet. These stylish units offer pet owners a pet-friendly community with a bark park. Residents also enjoy a clubhouse, a Cyber Café. Photo credit: RENTCafé.
Located just outside the Midtown Atlanta area, the Sterling Collier Hills Apartments in Channing Valley, Buckhead, come with upgraded interiors, hardwood floors, stainless steel appliances and more. Rates for one-bedroom apartments begin at $914 with floor plans starting at 506 square feet. Photo credit: RENTCafé.
The City View Apartments in Old Fourth Ward, East Side Atlanta, are not only close to downtown, but also offer newly renovated kitchens and new washers and dryers. Rates for one-bedroom apartments start at $1,051 with spacious floor plans from 693 square feet up to 1,304 square feet. Photo credit: RENTCafé.
If you're looking for something a bit more luxurious, check out the Uptown Buckhead Apartments in North Buckhead. Rates for one-bedroom units start at $1,105 with floor plans starting at 550 square feet. With its prime location in the desirable Buckhead district, residents get a great value for their money. The complex also offers a saltwater pool, fitness center, e-Lounge and bark park. Photo credit: RENTCafé.
The Virginia Highlands Apartments in East Side Atlanta are located in another desirable Atlanta neighborhood, Virginia Highlands. Rates for one-bedroom units start at $1,175 and floor plans start at 525 square feet. The stylish apartment homes come with granite counter tops, stainless steel appliances, large walk-in closets and more. Photo credit: RENTCafé.
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