Apartments in Five Points Athens

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Five Points

An Athens Neighborhood

Summary

Named for the busy intersection of South Milledge Avenue, South Lumpkin Street, and Milledge Circle, Five Points is a hip and upscale Athens neighborhood just west of the University of Georgia. Known for its mix of eclectic shops and historic homes, the Five Points area is a hotspot for UGA students. In fact, many of UGA’s sorority and fraternity houses are in the mansions along Milledge Avenue. Like most Athens neighborhoods, converted homes and duplexes are the main rental options in Five Points. Downtown Athens, the center of the area’s nightlife, is just 3 miles to the northeast.

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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.

$776
Studio
$888
1 Bedroom
$1,166
2 Bedrooms
$1,358
3 Bedrooms
$1,607
4 Bedrooms
$2,492
5+ Bedrooms
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Athens:
August Rent Report

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.

Monthly Rent Report

Athens Rent Prices Increase From July to August

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.

August 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.

August 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 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.

Data set for Athens and suburbs

1 BR August 1 BR M/M % Change 2 BR August 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.