How much does it cost to rent in Bonanza, GA?

As of July 2026, the median monthly rent in Bonanza, GA is $1,891. This figure is based on aggregated data from public sources and community-submitted rents.

Is Bonanza cheaper than other Georgia cities?

Bonanza falls in the middle range for Georgia, ranking #56 out of 135 cities at $1,891/mo.

When was Bonanza rent data last updated?

Bonanza rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · GA

Bonanza

Name: Average Rent Prices in Bonanza, GA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 3,279·56th most expensive in Georgia·Rental market data updated monthly for Bonanza, GA

Median rent (all units)

$1,891/mo

Year-over-Year

Stable

Month-over-Month

+1.9%

vs US Median

-$74

Rising (Monthly)

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Most AffordableMost Expensive

Bonanza · $1,891

More expensive than 52% of US cities · National median $1,965/mo

Affordability

38% of income

MODERATE

0%30% benchmark60%+

At $1,891/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.

Income to afford

$76,000/yr

Local median income

$60,260/yr

Based on the 30%-of-income rule using Bonanza's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

1 BR

$1,289

3 BR

$1,615

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$22,692/yr

At $1,891/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Bonanza, GA is roughly split between renters and owners, has a median income below the national average, 24.5% of residents hold a bachelor's degree or higher.

Population

3,279

Median income

$60,260

Median age

43.1

Renters

46.4%

Age distribution

16.4%

17.1%

37.2%

16.4%

12.9%

Under 1816.4%

18–3417.1%

35–5437.2%

55–6416.4%

65+12.9%

Gender

43.8%

56.2%

Male43.8%

Female56.2%

Race & ethnicity

20.9%

62.9%

12.3%

White20.9%

Black62.9%

Hispanic12.3%

Asian3.5%

Education (25+)

42.9%

23.6%

24.5%

No HS diploma9%

HS diploma42.9%

Some college23.6%

Bachelor's+24.5%

Housing tenure

53.6%

46.4%

Owner53.6%

Renter46.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bonanza, GA has changed in 5 years

Income

$62,375 → $60,260

down 3.4%

Population

3,832 → 3,279

down 14.4%

Renter share

44.8% → 46.4%

+1.6 pts

Bachelor's+

21.7% → 24.5%

+2.8 pts

Median age

32.9 → 43.1

+10.2 yrs

Local incomes tracked alongside that move, going from a median of $62,375 in 2021 to $60,260 more recently. The population has contracted by 14.4% since 2021, moving from about 3,832 residents to roughly 3,279. Renters now make up 46.4% of households, compared with 44.8% five years ago. College-educated residents now make up 24.5% of adults here, versus 21.7% in 2021.

Community

Discussions about Bonanza

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View Bonanza rent history (2015–2026) →

Salary vs rent

Can you afford rent in Bonanza on your salary?

At $1,891/mo, how Bonanza rent compares to typical pay (30% rule).

Registered Nurse

Avg $89,756/yr · Rent = 25.3% income

affordable

Elementary School Teacher

Avg $63,726/yr · Rent = 35.6% income

stretched

Police Officer

Avg $73,407/yr · Rent = 30.9% income

stretched

Software Developer

Avg $131,205/yr · Rent = 17.3% income

very comfortable

Lawyer

Avg $167,647/yr · Rent = 13.5% income

very comfortable

Firefighter

Avg $59,670/yr · Rent = 38% income

stretched

Truck Driver

Avg $53,875/yr · Rent = 42.1% income

rent-burdened

Electrician

Avg $66,405/yr · Rent = 34.2% income

stretched

By apartment size

Bonanza rent by bedroom count

Median rent for each apartment size in Bonanza. Click any size for full breakdown.

Local insights

Tips for renters in Bonanza

About renting in Bonanza, GA

Last updated: July 20, 2026

The median rent in Bonanza is $1,891/mo as of July 2026. . One-bedroom apartments average $1,289/mo and 3-bedroom units go for $1,615/mo.

At 38% of local median household income ($60,260/yr), Bonanza ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Bonanza an affordable city for renters?

Bonanza is considered moderate for renters. At $1,891/mo, rent takes approximately 38% of the local median household income ($60,260/yr). The standard benchmark is 30%. Bonanza slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Bonanza?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,891/mo in Bonanza. The local median household income is $60,260/yr, meaning the typical Bonanza household falls short of that threshold.

Is rent going up or down in Bonanza?

Rent in Bonanza has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Bonanza rent compare to other cities in Georgia?

Bonanza is middle-of-the-pack for Georgia for rent, ranking #56 out of 135 tracked cities at $1,891/mo.

Which nearby cities are cheaper to rent in than Bonanza?

Several nearby cities have lower median rents than Bonanza ($1,891/mo): Jonesboro ($1,604/mo), Riverdale ($1,628/mo).

What percentage of Bonanza residents rent vs. own?

According to Census data, approximately 46.4% of Bonanza households are renters, while 53.6% are owner-occupied. Bonanza leans toward homeownership, which can mean a smaller rental inventory.