At $1,629/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,629 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Oakwood changed +6.8% over the year to September 2026. Across the 115 Georgia cities Zillow tracks, the typical change was +2.3%.
Rent has risen 8 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($67,917) is $1,698 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,570); a 3-bedroom is $1,890.
Peachtree Corners, 27 miles away, rents for 11% less ($1,450/mo), about $2,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Oakwood. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Oakwood, GA is majority renter-occupied, skews toward younger working-age adults, 24% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Oakwood, GA has changed in 5 years
On the earnings side, the typical household in Oakwood, GA now reports about $67,917, up from $53,380 in 2021. Headcount in the area went from 4,853 to 5,862 between 2021 and 2024, a 20.8% change. About 56.4% of households rent today, against 62.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.8% to 24%.
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Can you afford rent in Oakwood on your salary?
At $1,629/mo, how Oakwood rent compares to typical pay (30% rule).
Oakwood rent by bedroom count
Median rent for each apartment size in Oakwood. Click any size for full breakdown.
Tips for renters in Oakwood
Last updated: October 17, 2026
The median rent in Oakwood is $1,629/mo as of October 2026. A studio apartment averages $1,200/mo while a 2-bedroom runs $1,570/mo. One-bedroom apartments average $1,420/mo and 3-bedroom units go for $1,890/mo.
At 29% of local median household income ($67,917/yr), Oakwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.
Frequently asked questions
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Is rent going up or down in Oakwood?
How does Oakwood rent compare to other cities in Georgia?
At $1,629/mo, rent takes ~29% of Oakwood's median household income ($67,917/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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