Rents are 13% below what Myrtle Beach's 10-year trend predicts — a better deal than its own history suggests.
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 $1,697 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: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
Who lives here
Myrtle Beach, SC is majority owner-occupied, has a large retiree population, has a median income below the national average, 33.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Myrtle Beach, SC has changed in 5 years
Compared with 2021, rent in Myrtle Beach, SC has climbed by $402 per month, settling near $1,697 after starting the period at $1,295. Household income in the area moved from $45,701 to $60,394 across the same window, up 32.2% versus 2021. Headcount in the area went from 35,116 to 38,371 between 2021 and 2024, a 9.3% change. About 39.5% of households rent today, against 42.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 30.5% to 33.5%. Reading these numbers side by side helps frame whether current listings in Myrtle Beach, SC look reasonable against where the market sat half a decade ago.
Discussions about Myrtle Beach
No discussions yet. Start the conversation.
Can you afford rent in Myrtle Beach on your salary?
At $1,697/mo, how Myrtle Beach rent compares to typical pay (30% rule).
Myrtle Beach rent by bedroom count
Median rent for each apartment size in Myrtle Beach. Click any size for full breakdown.
Tips for renters in Myrtle Beach
Last updated: August 17, 2026
The median rent in Myrtle Beach is $1,697/mo as of August 2026. A studio apartment averages $1,173/mo while a 2-bedroom runs $1,453/mo. One-bedroom apartments average $1,238/mo and 3-bedroom units go for $1,833/mo.
At 34% of local median household income ($60,394/yr), Myrtle Beach ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
Is Myrtle Beach an affordable city for renters?
How much income do you need to rent in Myrtle Beach?
Is rent going up or down in Myrtle Beach?
Which Myrtle Beach neighborhoods have the lowest rent?
How does Myrtle Beach rent compare to other cities in South Carolina?
Which nearby cities are cheaper to rent in than Myrtle Beach?
What percentage of Myrtle Beach residents rent vs. own?
How does Myrtle Beach rent compare to the national average?
At $1,697/mo, rent takes ~34% of Myrtle Beach's median household income ($60,394/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Myrtle Beach.
No discussions yet.
