Florence, SC Rental Market
Florence is the commercial and healthcare hub of the Pee Dee region of South Carolina. McLeod Health, MUSC Health Florence, and Francis Marion University anchor consistent tenant demand from healthcare workers, students, and regional service professionals. Low home values relative to rent create strong gross yields, though the smaller market size means slower lease-up times.
Get a rent estimate for an address in FlorenceAverage Rent in Florence, SC
$1,150
per month · 2026-06
Market Score
Key Facts — Florence, SC Rental Market
- Average rent in Florence, SC:$1,150/mo
- Median rent:$1,075/mo
- Rent range:$625 – $2,500/mo
- Most common rental (2 bedrooms):$1,050/mo
- Active listings:165
- Avg days to lease:43 days
- Year-over-year change:+2.5%
- Median home value:$155,000
- Est. gross annual yield:8.9%
- Data as of:2026-06
Rent by Bedroom in Florence, SC
Average monthly rent for each bedroom type based on current active listings in Florence.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $825/mo |
2 Bedrooms | $1,050/mo |
3 Bedrooms | $1,300/mo |
4 Bedrooms | $1,600/mo |
5 Bedrooms | $1,950/mo |
Florence Rental Market Statistics
Key indicators from the current Florence, SC rental market.
165
Available now in Florence
43
From list to lease
$0.83
Average across listings
1,390 sq ft
Typical rental size
$625 – $2,500
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Florence, SC Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$155,000
Typical purchase price in Florence
Est. Gross Annual Yield
8.9%
Before expenses & vacancy
Avg Monthly Income
$1,150
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Florence for a full cash-flow breakdown including all costs.
Florence, SC Rental Market FAQ
Common questions about renting and investing in Florence, SC.
What is the average rent in Florence, SC?
The average rent in Florence, SC is $1,150 per month as of 2026. Two-bedroom units average $1,050/mo and three-bedroom homes average $1,300/mo. Florence offers some of the most affordable rents in South Carolina while still offering a full urban amenity set.
Is Florence, SC a good place to invest in rental property?
Florence offers an estimated 8.9% gross annual yield — one of the highest in South Carolina — based on an average rent of $1,150/mo and a median home value near $155,000. McLeod Health and the broader healthcare sector provide a stable, professional tenant base.
What drives rental demand in Florence, SC?
Florence's rental demand is anchored by its large healthcare sector (McLeod Health employs over 3,000 people), Francis Marion University, and its role as the regional trade center for eastern South Carolina. Interstate 95 makes Florence a logistics and distribution hub as well, adding blue-collar rental demand.
How competitive is the Florence, SC rental market?
Florence has approximately 165 active listings and averages 43 days on market. The market is less competitive than urban SC markets, with more tenant choice and a need for landlords to price carefully and maintain properties well to minimize vacancy.
How have rents changed in Florence, SC recently?
Rents in Florence, SC have increased approximately 2.5% year-over-year — a moderate, steady pace. The market does not experience sharp booms but maintains consistent occupancy due to stable healthcare and education employment.
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