From downtown Athens, the Cobbham neighborhood is less than a half-mile to the west, south of Prince Avenue. Considering its proximity to campus and the amenities of the downtown area, it’s a popular area for college students to find an apartment, but you’ll also find young professionals and families putting down Cobbham roots. As another of Athens’ historic neighborhoods, much of the area is comprised of beautiful 19th-century homes dating and tree-lined streets. Although there are several apartment buildings in Cobbham, this is also a great neighborhood to find a rental home or duplex.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the August 2020 Athens Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the August 2020 key findings and figures for the Athens rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Athens and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Athens rent prices in the chart below.
Athens rent prices increased over the last month. From July to August, the city experienced a 3.5% increase for the price of a one-bedroom apartment. The rent price for a Athens one-bedroom apartments currently stands at $858.0.
When we take a look at the two-bedroom comparison from July to August, Athens experienced a 1.92% increase for the price of a two-bedroom apartment. The rent price for a Athens two-bedroom apartments currently stands at $1,114.0.
Rent prices have increased in Athens over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Athens suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Athens suburbs
Rents did not decrease in any of the Athens suburbs.
Rent growth in Athens over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Athens rent prices appear to be relatively affordable for local residents.
The price for a Athens one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of ABODO's August 2020 National Apartment Report and data set here.
For more information about Athens and surrounding area rent prices, take a look at the complete data set below.
|1 BR August||1 BR M/M % Change||2 BR August||2 BR M/M % Change|
Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.