Cape Landing
3851 Cape Landing Dr,
Myrtle Beach, SC 29588
1-3 Beds | $1,328 - $1,781
Rental Market Trends in Myrtle Beach, SC
Updated August 2026
The average rent in Myrtle Beach, SC is $1,378/month.
Rent in Myrtle Beach is 17% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,378/month
Average Rent
718 Sq Ft
Average Size
+1.2%
Change / Year
1,518
Available Apartments
Myrtle Beach rent varies by unit size and layout:
- Studio apartments in Myrtle Beach average $1,378 per month.
- One-bedroom apartments in Myrtle Beach average $1,378 per month.
- Two-bedroom apartments in Myrtle Beach average $1,607 per month.
- Three-bedroom apartments in Myrtle Beach average $1,881 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Myrtle Beach, SC?
In the past year, rent has increased by 1.2%, which averages out to $17 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Myrtle Beach, SC
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
11%
$700 - $1,000/month
36%
$1,001 - $1,500/month
38%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Myrtle Beach?
Based on current rent prices, Downtown Myrtle Beach is the most affordable neighborhood in Myrtle Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Myrtle Beach?
Based on current rent prices, Downtown Myrtle Beach is the most expensive neighborhood in Myrtle Beach.
Neighborhood
Average Rent
Average Sq Ft
Which Myrtle Beach neighborhoods have the most rentals available?
The neighborhood in Myrtle Beach with the most apartments available is Downtown Myrtle Beach .
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 $1,378, you’ll want to make about $4,593 per month or $55,116 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 8.0% lower than the national average. Generally, housing in Myrtle Beach is 29.6% less expensive than the national average, with rent falling between $1,378 - $1,881. You can expect to pay 3.2% more for groceries, 11.1% more for utilities, and 6.7% less 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.
View the Myrtle Beach Area GuideStudio
$1,135/month
$1,135/month
One Bedroom
$1,198/month
$1,198/month
Two Bedroom
$1,399/month
$1,399/month
Three Bedroom
$1,535/month
$1,535/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Myrtle Beach?
The average rent in Myrtle Beach is $1,378 per month, which is 17.2% lower than the national average of $1,664.
What is the average rent for a house in Myrtle Beach?
The average rent for a house in Myrtle Beach, SC is $2,167 per month.
What is the average rent for a townhome in Myrtle Beach?
The average rent for a townhome in Myrtle Beach, SC is $1,548 per month.
What is the average rent for a condo in Myrtle Beach?
The average rent for a condo in Myrtle Beach, SC is $1,322 per month.
Are rents going up or down in Myrtle Beach?
Rents in Myrtle Beach, SC are increasing, with prices up 1.2% year-over-year and $17 more per month.
What rent range is most common in Myrtle Beach?
In Myrtle Beach, SC, 38% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.