Local

Report: Macon among Georgia cities with fastest-growing rent prices

One of the newly renovated apartments at the Broadway Lofts.
One of the newly renovated apartments at the Broadway Lofts. wmarshall@macon.com

The most expensive places to rent a two-bedroom apartment in Georgia are in Atlanta or its suburbs, but rents in Macon are among the fastest growing in the state, according to a new report.

Residential rent rates across Georgia remain among the most affordable in the country, but rents are growing more rapidly than they are in the rest of the country, according to the online rental site Apartmentlist.com.

The 10 fastest-growing Georgia rents, based on highest year-over-year growth, are:

Riverdale, 16.7 percent

Jonesboro, 13.2 percent

Smyrna, 9.4 percent

Marietta, 9 percent

Lawrenceville, 8 percent

College Park, 7.9 percent

Sandy Springs, 7 percent

Norcross, 6.7 percent

Alpharetta, 6.3 percent

Macon, 4.9 percent

As far as rental prices, North Atlanta is Georgia's most expensive city, with a median two-bedroom price tag of $1,570. Rents have increased in North Atlanta by 2.6 percent since December 2014.

Statewide, one-bedroom rents showed a 0.7 percent increase while two-bedroom rents grew by 0.2 percent between November and December 2015. They are now up 6.3 percent and 4.1 percent respectively over last year, with an average two-bedroom price of $750, the report said.

Apartment List said its data was drawn from several hundred thousand monthly listings on its site.

To see the report, go to: http://bit.ly/1O8Rh4Y.

This story was originally published January 5, 2016 at 5:16 PM with the headline "Report: Macon among Georgia cities with fastest-growing rent prices ."

Get unlimited digital access
#ReadLocal

Try 1 month for $1

CLAIM OFFER