RentData

Average Rent in Chesterfield County, SC↓ Rents falling 1.9% YoY🔻 Cheapest in SC

HUD FY2027 · Official government data · Updated annually · Metro pop. 43,575

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Chesterfield County, SC has rental prices ranging from $643/month to $1,217/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $677/month — 52% below the national average of $1,400/month. With a median household income of $47,620/year, spending $677/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Chesterfield County Compares

With an average 2-bedroom rent of $885/month, Chesterfield County ranks #38 most expensive of the 38 cities tracked in South Carolina — more affordable than 98% of all US cities in our data.

The Chesterfield County Rental Market

The Chesterfield County, SC area has a population of about 43,575 and 28% 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 Chesterfield County, SC have fallen by $17/month (1.9%) over the past year, from $902 to $885. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Chesterfield County, SC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,080. The local median household income of $47,620 exceeds that threshold by $20,540, making Chesterfield County relatively accessible compared to local wages.

Economy & Jobs

Chesterfield County, SC has an unemployment rate of 4.5%, 0.6 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 FY2027
Studio
$643
Affordable
1 Bedroom
$677
Affordable
2 Bedrooms
$885
↓1.9% YoY
Affordable
3 Bedrooms
$1,153
Affordable
4 Bedrooms
$1,217
Average
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Is Chesterfield 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
$35,400/year
Local median income: $47,620
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $885/month and 20% down on a — home at 7% rate.

Nearby Cities in SClargest metros in the state

CityStudio1BR2BR3BRHome Value
Anderson$972$1,012$1,102$1,444—
Greenville$1,329$1,384$1,507$1,801—
Columbia$992$1,126$1,226$1,546—
Charleston$1,661$1,731$1,884$2,336—
Myrtle Beach$1,155$1,258$1,504$1,823—
Spartanburg$1,055$1,099$1,196$1,457—

Rent or Buy in Chesterfield County?

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

Should I Rent or Buy?

Break-even analysis using real Chesterfield County data

$
Home Value
$350,000
2BR Rent
$885/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $885/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Chesterfield 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 Chesterfield County

Compare rent & home prices by neighborhood

💵Rent Affordability in Chesterfield County

Salary needed to afford rent here

🗺️All Cities in SC

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⚖️Compare Chesterfield County

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

📋SC Tenant Rights

Deposit limits, eviction laws & renters protections