Apartments in Downtown Athens

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Downtown Athens

An Athens Neighborhood

Summary

Athens is an old antebellum city that hasn’t lost its classic charm. The downtown area, just off the northern tip of the University of Georgia along Broad Street, is lined with beautiful old buildings, unique boutiques, and local eateries, making it a destination for residents of all Athens neighborhoods. Downtown Athens claimed its spot on the National Register of Historic Places in 1978, but the area also continues to grow. New luxury apartment buildings are springing up all the time, such as the modern and upscale Uncommon Athens and the Cotton Exchange, which pushes luxury while playing up the area’s history with exposed beams, worn hardwood floors and brick.

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Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$535
Studio
$982
1 Bedroom
$1,166
2 Bedrooms
$1,415
3 Bedrooms
$1,876
4 Bedrooms
$2,338
5+ Bedrooms
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Athens:
July Rent Report

Welcome to the July 2020 Athens Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the July 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.

Monthly Rent Report

Athens Rent Prices Increase From June to July

Athens rent prices increased over the last month. From June to July, 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 June to July, 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.

July Prices: Athens vs. Surrounding Areas

Rent Prices in Athens and Surrounding Areas

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.

July 2020 Pricing Trends: Athens vs. National Comparisons

Athens Rent Prices More Affordable Than Major Cities

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 July 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.

Data set for Athens and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Athens, GA $829.0 0.85% $1,093.0 -0.09%

Methodology

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.