City Report · SC

Anderson

Pop. 30,051·63rd most expensive in South Carolina·One of the most affordable rental markets in the US
Median rent (all units)
$1,277/mo
Year-over-Year
+0.5%
Month-over-Month
+1.0%
vs US Median
-$685
Rising (Monthly)
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Most AffordableMost Expensive
Anderson · $1,277
More affordable than 89% of US cities · National median $1,962/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 6% below what Anderson's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,277/mo
Expected by trend
$1,363/mo
The Rent Reality Score compares today's median rent to where Anderson's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$815
1 BR
$818
2 BR
$985
3 BR
$1,243
4 BR+
$1,655
Fair Market Rent (HUD)
$985/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,277 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$15,324/yr
At $1,277/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.5% YoY, +1.0% MoM), not inventory.
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Demographics

Who lives here

Anderson, SC is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 28.3% of residents hold a bachelor's degree or higher.

Population
30,051
Median income
$46,933
Median age
32.7
Renters
48.9%
Age distribution
21.5%
31%
19.2%
17.1%
Under 1821.5%
18–3431%
35–5419.2%
55–6411.2%
65+17.1%
Gender
45.8%
54.2%
Male45.8%
Female54.2%
Race & ethnicity
61.3%
27.1%
White61.3%
Black27.1%
Hispanic5.1%
Asian2.2%
Other4.4%
Education (25+)
27.5%
32.5%
28.3%
No HS diploma11.7%
HS diploma27.5%
Some college32.5%
Bachelor's+28.3%
Housing tenure
51.1%
48.9%
Owner51.1%
Renter48.9%

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

2022 vs 2026

How Anderson, SC has changed in 5 years

Rent
$1,114 → $1,277
up 14.6%
Income
$37,439 → $46,933
up 25.4%
Population
28,796 → 30,051
up 4.4%
Renter share
51.3% → 48.9%
-2.4 pts
Bachelor's+
24% → 28.3%
+4.3 pts
Median age
34.1 → 32.7
-1.4 yrs

Compared with 2022, rent in Anderson, SC has climbed by $163 per month, settling near $1,277 after starting the period at $1,114. Median household income grew from $37,439 to $46,933 between 2021 and 2024, a 25.4% shift. Income growth outran rent by about 10.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 28,796 to 30,051 between 2021 and 2024, a 4.4% change. About 48.9% of households rent today, against 51.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 24% to 28.3%. Taken together, the five-year picture in Anderson, SC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Anderson rent history (2015–2026) →
Salary vs rent

Can you afford rent in Anderson on your salary?

At $1,277/mo, how Anderson rent compares to typical pay (30% rule).

By apartment size

Anderson rent by bedroom count

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

Local insights

Tips for renters in Anderson

About renting in Anderson, SC

Last updated: August 17, 2026

The median rent in Anderson is $1,277/mo as of August 2026. A studio apartment averages $815/mo while a 2-bedroom runs $985/mo. One-bedroom apartments average $818/mo and 3-bedroom units go for $1,243/mo.

At 33% of local median household income ($46,933/yr), Anderson ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

Is Anderson an affordable city for renters?

Anderson is considered moderate for renters. At $1,277/mo, rent takes approximately 33% of the local median household income ($46,933/yr). The standard benchmark is 30%. Anderson slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Anderson?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,277/mo in Anderson. The local median household income is $46,933/yr, meaning the typical Anderson household falls short of that threshold.

Is rent going up or down in Anderson?

Rent in Anderson has been relatively stable over the past year, with a 0.5% change year over year as of August 2026.

Which Anderson neighborhoods have the lowest rent?

The most affordable ZIP codes in Anderson are 29626 ($1,200/mo), 29625 ($1,214/mo), and 29624 ($1,229/mo). Citywide, the median rent in Anderson is $1,277/mo.

How does Anderson rent compare to other cities in South Carolina?

Anderson is one of the more affordable cities in South Carolina for rent, ranking #63 out of 67 tracked cities at $1,277/mo.

What percentage of Anderson residents rent vs. own?

According to Census data, approximately 48.9% of Anderson households are renters, while 51.1% are owner-occupied. Anderson leans toward homeownership, which can mean a smaller rental inventory.

How does Anderson rent compare to the national average?

Anderson's median rent of $1,277/mo is $685 (35%) below the US national median of $1,962/mo. Within South Carolina, it ranks #63 out of 67 tracked cities.
Income Affordability
33%
MODERATE

At $1,277/mo, rent takes ~33% of Anderson's median household income ($46,933/yr). The standard benchmark is 30%.

Anderson 33%Benchmark 30%
State income tax3–6.2%
Run the Anderson affordability calculator →
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Neighborhoods

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Public schools near Anderson, SC

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