Property prices for rent in Myrtle Beach (South Carolina)

The rent prices in real estate in Myrtle Beach, in the South Carolina region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,139.5
Average price last 6 months
$3.25
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Myrtle Beach has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.15. In the following month the price per sq.feet fell to $1.09. The price for the following two months in (February, March) had a considerable rise of 285 %. The price per sq.feet has had a considerable rise of 252 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.16 to $5.43 during April, and May.

Average price

When referring to the price in Myrtle Beach (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,097. In January This price remains at $1,083. During the following two months (February, March) the price has had an average rise from $1,090 to $1,191. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,140.5 and $1,137.5 between April and May.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,129 they are 26 % more affordable than the average price for Myrtle Beach . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,368.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.82 / sq.feet, with an average $4.1 / sq.feet price in Myrtle Beach. The properties with the most expensive average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.36 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,129 it is 16 % more affordable than the average price in Myrtle Beach. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $1,075 it is 5 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.68 / sq.feet followed by "House" priced at $5.96 / sq.feet. "Townhouse" is the most expensive type of property with a $6 / sq.feet value followed by "House" with an average price of $5.96 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Myrtle Beach
Number of properties used in region South Carolina
$1,129
$4.1
2,786
96,930
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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