ZIP Code · SC

ZIP 29407

Part of Charleston, SC

Pop. 36,706·Charleston County·46th most expensive ZIP in South Carolina

Median rent (all units)

$1,752/mo

Year-over-Year

-1.6%

Month-over-Month

-1.3%

vs US Median

-$180

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 29407 · $1,752

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,640

1 BR

$1,720

2 BR

$1,880

3 BR

$2,340

4 BR+

$2,700

Research median

$1,880/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

January. Asking rents in ZIP 29407 usually run 1.6% below trend in January and 1.6% above it in July, about $56 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 29407 is 2.3% below its high of $1,794 in March 2026, at $1,752 as of September 2026.

Past year vs. the rest of South Carolina

Rent in ZIP 29407 changed -1.6% 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 29407 rose 48.7% while median household income rose 43.6% ($59,454 to $85,367). Rent outpaced income.

Since before the pandemic

Rent in ZIP 29407 is 46.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($85,367) is $2,134 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,880); a 3-bedroom is $2,340.

Rank in Charleston

1st cheapest of 7 ZIP codes in Charleston.

From Zillow's monthly rent index (ZORI) for ZIP 29407. 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

$21,024/yr

At $1,752/mo median

Location

CityCharleston

StateSC

CountyCharleston County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.6% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.6% YoY, -1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 29407 (Charleston, SC) is majority owner-occupied, 49.7% of residents hold a bachelor's degree or higher.

Population

36,706

Median income

$85,367

Median age

Renters

43.1%

Age distribution

18.1%

25.9%

25.4%

19.5%

Under 1818.1%

18–3425.9%

35–5425.4%

55–6411.1%

65+19.5%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

62.8%

26.8%

White62.8%

Black26.8%

Hispanic4.9%

Asian1.7%

Other3.8%

Education (25+)

19.1%

25.5%

49.7%

No HS diploma5.7%

HS diploma19.1%

Some college25.5%

Bachelor's+49.7%

Housing tenure

56.9%

43.1%

Owner56.9%

Renter43.1%

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

2021 vs 2026

How ZIP 29407 in Charleston, SC has changed in 5 years

Rent

$1,278 → $1,752

up 37.1%

Income

$67,486 → $85,367

up 26.5%

Population

36,294 → 36,706

up 1.1%

Renter share

44.3% → 43.1%

-1.2 pts

Bachelor's+

46.5% → 49.7%

+3.2 pts

The median rent in ZIP 29407 in Charleston, SC stood at $1,278 in 2021 and currently runs about $1,752, reflecting a 37.1% increase over the period. Census figures show median household income at $85,367 today, compared with $67,486 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.1% since 2021, moving from about 36,294 residents to roughly 36,706. College-educated residents now make up 49.7% of adults here, versus 46.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 29407

Last updated: October 17, 2026

ZIP code 29407 covers Charleston, SC. The median rent here is $1,752/mo as of October 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $1,880/mo.

At 25% of local median household income ($85,367/yr), ZIP 29407 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 29407?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,752/mo in ZIP 29407. The local median household income is $85,367/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 29407?

Rent in ZIP 29407 has fallen 1.6% over the past year as of September 2026. It sits 2.3% below its high of $1,794 in March 2026.

When is the cheapest time to rent in ZIP 29407?

Asking rents in ZIP 29407 are usually lowest in January, about 1.6% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $56 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 29407?

Yes. From 2019 to 2024, rent in ZIP 29407 rose 48.7% while median household income rose 43.6%, from $59,454 to $85,367. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 29407 compare to other ZIPs in South Carolina?

ZIP 29407 is in the middle among South Carolina ZIP codes for rent, ranking #46 of 117 at $1,752/mo. Over the year to September 2026, rent in ZIP 29407 changed -1.6%, against a typical +3.4% across the 101 South Carolina ZIP codes Zillow tracks.