ZIP Code · SC

ZIP 29401

Pop. 9,339·Charleston County·1st most expensive ZIP in South Carolina
Median rent (all units)
$3,776/mo
Year-over-Year
+3.3%
Month-over-Month
+0.7%
vs US Median
+$1,844
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 29401 · $3,776
More expensive than 97% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,020
1 BR
$2,120
2 BR
$2,320
3 BR
$2,890
4 BR+
$3,330
Research median
$2,320/mo

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

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

October. Asking rents in ZIP 29401 usually run 2.7% below trend in October and 2.2% above it in April, about $185 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 29401 is at its highest level since Zillow's records here began in October 2017.

Past year vs. the rest of South Carolina

Rent in ZIP 29401 changed +3.3% over the year to September 2026. Across the 101 South Carolina ZIP codes Zillow tracks, the typical change was +3.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 29401 rose 77.4% while median household income rose 25.3% ($79,539 to $99,667). Rent outpaced income.

Since before the pandemic

Rent in ZIP 29401 is 87.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($99,667) is $2,492 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,320); a 3-bedroom is $2,890.

Rank in Charleston

7th cheapest of 7 ZIP codes in Charleston.

Cheaper nearby

ZIP 29403, 2 miles away, rents for 27% less ($2,751/mo), about $12,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 29401. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$45,312/yr
At $3,776/mo median
Location
StateSC
CountyCharleston County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.3% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 29401 (Charleston, SC) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 74.7% of residents hold a bachelor's degree or higher.

Population
9,339
Median income
$99,667
Median age
44
Renters
39.8%
Age distribution
13.2%
34.2%
12.5%
14.8%
25.2%
Under 1813.2%
18–3434.2%
35–5412.5%
55–6414.8%
65+25.2%
Gender
45.2%
54.8%
Male45.2%
Female54.8%
Race & ethnicity
79.8%
White79.8%
Black9.7%
Hispanic5.5%
Asian1.1%
Other3.9%
Education (25+)
14%
74.7%
No HS diploma2.6%
HS diploma8.8%
Some college14%
Bachelor's+74.7%
Housing tenure
60.2%
39.8%
Owner60.2%
Renter39.8%

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

2021 vs 2026

How ZIP 29401 in Charleston, SC has changed in 5 years

Rent
$2,159 → $3,776
up 74.9%
Income
$88,311 → $99,667
up 12.9%
Population
8,587 → 9,339
up 8.8%
Renter share
42% → 39.8%
-2.2 pts
Bachelor's+
77.1% → 74.7%
-2.4 pts
Median age
41.2 → 44
+2.8 yrs

Across the past five years, the going rent in ZIP 29401 in Charleston, SC has shifted from $2,159 to $3,776, up 74.9% since 2021. Census figures show median household income at $99,667 today, compared with $88,311 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 29401 in Charleston, SC adding about 752 residents over the five-year window, up 8.8% on net. The renter share has eased from 42% to 39.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 77.1% to 74.7% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 29401

Last updated: October 17, 2026

ZIP code 29401 covers Charleston, SC. The median rent here is $3,776/mo as of October 2026. A 1-bedroom rents for a median of $2,120/mo. A 2-bedroom rents for a median of $2,320/mo.

At 45% of local median household income ($99,667/yr), ZIP 29401 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 29401?

To keep rent at or below 30% of gross income, you would need to earn at least $151,000/year (about $73/hour full-time) to afford the median rent of $3,776/mo in ZIP 29401. The local median household income is $99,667/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 29401?

Rent in ZIP 29401 has risen 3.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2017.

When is the cheapest time to rent in ZIP 29401?

Asking rents in ZIP 29401 are usually lowest in October, about 2.7% below their yearly trend, and highest in April, about 2.2% above it. At today's median that is a gap of roughly $185 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 29401?

Yes. From 2019 to 2024, rent in ZIP 29401 rose 77.4% while median household income rose 25.3%, from $79,539 to $99,667. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 29401 compare to other ZIPs in South Carolina?

ZIP 29401 is one of the pricier among South Carolina ZIP codes for rent, ranking #1 of 117 at $3,776/mo. Over the year to September 2026, rent in ZIP 29401 changed +3.3%, against a typical +3.4% across the 101 South Carolina ZIP codes Zillow tracks.

How does ZIP 29401 compare to the rest of Charleston?

At $3,776/mo, ZIP 29401 is $1,488 above the Charleston citywide median of $2,288/mo. It is the 7th cheapest of 7 ZIP codes in Charleston.
Income Affordability
45%
STRETCHED

At $3,776/mo, rent takes ~45% of ZIP 29401's median household income ($99,667/yr). The standard benchmark is 30%.

ZIP 29401 45%Benchmark 30%
State income tax3–6.2%
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Schools nearby

Public schools near ZIP 29401 (Charleston, SC)

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