RentData

Average Rent in Cherokee County, SC↑ Rents rising 0.9% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 56,299

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Cherokee County, SC has rental prices ranging from $713/month to $1,354/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $718/month — 49% below the national average of $1,400/month. With a median household income of $49,047/year, spending $718/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Cherokee County Compares

With an average 2-bedroom rent of $942/month, Cherokee County ranks #21 most expensive of the 38 cities tracked in South Carolina — pricier than 54% of all US cities in our data.

The Cherokee County Rental Market

The Cherokee County, SC area has a population of about 56,299 and 27% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Cherokee County, SC have risen by $8/month (0.9%) over the past year, from $934 to $942. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Cherokee County, SC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,720. The local median household income of $49,047 exceeds that threshold by $20,327, making Cherokee County relatively accessible compared to local wages.

Economy & Jobs

Cherokee County, SC has an unemployment rate of 5.5%, 1.6 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$713
Affordable
1 Bedroom
$718
Affordable
2 Bedrooms
$942
↑0.9% YoY
Affordable
3 Bedrooms
$1,172
Affordable
4 Bedrooms
$1,354
Average
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Is Cherokee County, SC Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$37,680/year
Local median income: $49,047
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $942/month and 20% down on a — home at 7% rate.

Nearby Cities in SClargest metros in the state

CityStudio1BR2BR3BRHome Value
Anderson$787$792$947$1,204—
Greenville$1,136$1,180$1,306$1,599—
Columbia$1,063$1,172$1,298$1,656—
Charleston$1,583$1,644$1,820$2,255—
Myrtle Beach$1,133$1,199$1,406$1,771—
Spartanburg$1,053$1,094$1,211$1,493—

Rent or Buy in Cherokee County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Cherokee County data

$
Home Value
$350,000
2BR Rent
$942/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $942/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Cherokee County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Cherokee County

Compare rent & home prices by neighborhood

💵Rent Affordability in Cherokee County

Salary needed to afford rent here

🗺️All Cities in SC

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⚖️Compare Cherokee County

Side-by-side rent & cost of living with any city

📋SC Tenant Rights

Deposit limits, eviction laws & renters protections