Spartanburg, SC Rental Market
Spartanburg is a mid-size industrial city with significant manufacturing heritage and a growing healthcare and education sector. Often overshadowed by nearby Greenville, Spartanburg offers meaningfully lower home prices and strong gross yields for investors. The arrival of new employers and infrastructure investment in downtown Spartanburg is gradually lifting rents and tenant quality.
Get a rent estimate for an address in SpartanburgAverage Rent in Spartanburg, SC
$1,180
per month · 2026-06
Market Score
Key Facts — Spartanburg, SC Rental Market
- Average rent in Spartanburg, SC:$1,180/mo
- Median rent:$1,100/mo
- Rent range:$625 – $2,600/mo
- Most common rental (2 bedrooms):$1,050/mo
- Active listings:210
- Avg days to lease:38 days
- Year-over-year change:+3.2%
- Median home value:$180,000
- Est. gross annual yield:7.9%
- Data as of:2026-06
Rent by Bedroom in Spartanburg, SC
Average monthly rent for each bedroom type based on current active listings in Spartanburg.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $850/mo |
2 Bedrooms | $1,050/mo |
3 Bedrooms | $1,280/mo |
4 Bedrooms | $1,600/mo |
5 Bedrooms | $1,950/mo |
Spartanburg Rental Market Statistics
Key indicators from the current Spartanburg, SC rental market.
210
Available now in Spartanburg
38
From list to lease
$0.87
Average across listings
1,360 sq ft
Typical rental size
$625 – $2,600
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Spartanburg, SC Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$180,000
Typical purchase price in Spartanburg
Est. Gross Annual Yield
7.9%
Before expenses & vacancy
Avg Monthly Income
$1,180
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 Spartanburg for a full cash-flow breakdown including all costs.
Spartanburg, SC Rental Market FAQ
Common questions about renting and investing in Spartanburg, SC.
What is the average rent in Spartanburg, SC?
The average rent in Spartanburg, SC is $1,180 per month as of 2026. One-bedroom apartments average $850/mo, two-bedrooms $1,050/mo, and three-bedroom homes $1,280/mo — among the most affordable markets in the Upstate region.
Is Spartanburg, SC a good place to invest in rental property?
Spartanburg offers an estimated 7.9% gross annual yield based on an average rent of $1,180/mo and a median home value near $180,000. The city's ongoing downtown revitalization, strong manufacturing employment base (BMW suppliers, Denny's, Milliken), and position between Greenville and Charlotte make it an underrated investment market.
How competitive is the Spartanburg, SC rental market?
Spartanburg averages 38 days on market with approximately 210 active listings. It is a moderately competitive market where well-maintained properties in desirable neighborhoods lease quickly, while properties in older stock may take longer.
How does Spartanburg compare to Greenville for rental investing?
Spartanburg offers higher gross yields (~7.9% vs. ~6.8% for Greenville) with lower median home values ($180,000 vs. $285,000). Greenville has stronger brand recognition, faster rent growth, and deeper demand. Investors focused on cash flow may prefer Spartanburg; those prioritizing appreciation lean toward Greenville.
How have rents changed in Spartanburg, SC recently?
Rents in Spartanburg, SC have increased approximately 3.2% year-over-year. Growth is steady, supported by the Upstate's broader economic expansion and Spartanburg's downtown revitalization efforts.
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