The Collins Apartment Homes
305 Brookfield Dr,
Myrtle Beach, SC 29588
2-3 Beds | $1,449 - $1,849
Rental Market Trends in Myrtle Beach, SC
What is the average rent in Myrtle Beach, SC?
$1,380/month
Average Rent
730 Sq Ft
Average Apartment Size
-1.4%
Decrease in the Last Year
As of May 2025, the average rent in Myrtle Beach, SC is $1,380 per month. This is 15% lower than the national average rent of $1,625/month, making renting in Myrtle Beach more affordable than most cities in the US. When you rent an apartment in Myrtle Beach, you can expect to pay about $1,256 per month for a studio, $1,380 for a one-bedroom apartment, and around $1,618 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,901 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Myrtle Beach, SC?
In the past year, rent has decreased by 1.4%, which averages out to $19 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Myrtle Beach?
Based on current rent prices, River Oaks, Palm Cove and Brandy Mill are the most affordable neighborhoods in Myrtle Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Myrtle Beach?
Based on current rent prices, Cipriana Park, Willows at Bellegrove Preserve and The Farm at Carolina Forest are the most expensive neighborhoods in Myrtle Beach.
Neighborhood
Average Rent
Average Sq Ft
Which Myrtle Beach neighborhoods have the most rentals available?
The neighborhoods in Myrtle Beach with the most apartments available are The Oaks at Bellegrove Preserve, Vinings and Willows at Bellegrove Preserve .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Myrtle Beach, SC?
Because the average rent in Myrtle Beach is $1,380, you’ll want to make about $4,600 per month or $55,200 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Myrtle Beach, SC is 7.3% lower than the national average. Generally, housing in Myrtle Beach is 32.2% less expensive than the national average, with rent falling between $1,256 - $1,901. You can expect to pay 0.7% more for groceries, 18.6% more for utilities, and 10.6% more for transportation.
How does Myrtle Beach, SC compare to other nearby cities and neighborhoods?
Use the tool below to compare Myrtle Beach, SC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.