Myrtle Beach, SC Rental Market
Myrtle Beach is South Carolina's largest coastal city and the center of the Grand Strand — a 60-mile stretch of Atlantic coastline. The long-term rental market operates alongside a massive short-term vacation rental sector. Year-round demand is driven by tourism and hospitality workers, healthcare professionals at Conway Medical Center, and an influx of retirees drawn by the area's low cost of living and warm weather.
Get a rent estimate for an address in Myrtle BeachAverage Rent in Myrtle Beach, SC
$1,480
per month · 2026-06
Market Score
Key Facts — Myrtle Beach, SC Rental Market
- Average rent in Myrtle Beach, SC:$1,480/mo
- Median rent:$1,375/mo
- Rent range:$750 – $3,400/mo
- Most common rental (2 bedrooms):$1,300/mo
- Active listings:390
- Avg days to lease:35 days
- Year-over-year change:+2.9%
- Median home value:$235,000
- Est. gross annual yield:7.5%
- Data as of:2026-06
Rent by Bedroom in Myrtle Beach, SC
Average monthly rent for each bedroom type based on current active listings in Myrtle Beach.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,050/mo |
2 Bedrooms | $1,300/mo |
3 Bedrooms | $1,650/mo |
4 Bedrooms | $2,050/mo |
5 Bedrooms | $2,600/mo |
Myrtle Beach Rental Market Statistics
Key indicators from the current Myrtle Beach, SC rental market.
390
Available now in Myrtle Beach
35
From list to lease
$1.10
Average across listings
1,350 sq ft
Typical rental size
$750 – $3,400
Min to max active listings
+2.9%
Avg rent vs. prior year
Investing in Myrtle Beach, SC Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$235,000
Typical purchase price in Myrtle Beach
Est. Gross Annual Yield
7.5%
Before expenses & vacancy
Avg Monthly Income
$1,480
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 Myrtle Beach for a full cash-flow breakdown including all costs.
Myrtle Beach, SC Rental Market FAQ
Common questions about renting and investing in Myrtle Beach, SC.
What is the average rent in Myrtle Beach, SC?
The average long-term rent in Myrtle Beach, SC is $1,480 per month as of 2026. One-bedroom units average $1,050/mo, two-bedrooms $1,300/mo, and three-bedrooms $1,650/mo. Note that short-term vacation rental rates in the same market are significantly higher on a nightly basis.
Is Myrtle Beach, SC a good place to invest in rental property?
Myrtle Beach offers an estimated 7.5% gross yield on long-term rentals with a median home value near $235,000. Investors who can navigate the STR/LTR decision have additional flexibility. The market is best suited for investors who understand the seasonal dynamics of a tourist-heavy economy.
What is the difference between short-term and long-term rentals in Myrtle Beach?
Myrtle Beach has one of the densest vacation rental markets in the Southeast, with thousands of short-term rental units. Long-term (12-month) rentals cater to permanent residents and year-round workers. Investors should research local STR regulations, HOA rules, and zoning restrictions before choosing a strategy.
How competitive is the Myrtle Beach, SC rental market?
Myrtle Beach has approximately 390 active long-term listings and averages 35 days on market. The market is moderately competitive — the high supply of STR units can occasionally spill into the long-term market during off-season months, creating more tenant choices.
How have rents changed in Myrtle Beach, SC recently?
Long-term rents in Myrtle Beach, SC have increased approximately 2.9% year-over-year — a moderated pace compared to some inland SC markets. The large vacation rental supply provides an effective ceiling on long-term rent growth in peak demand periods.
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