Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in 29577
Myrtle Beach is a popular vacation destination along the Atlantic Ocean, with a lively atmosphere and strong tourist economy. It's the home to several landmarks like the Myrtle Beach Boardwalk, Carolina Opry, Broadway at the Beach, and Myrtle Beach Art Museum. For those seeking higher education, it's the location of Coastal Carolina University, a nationally recognized institution. The Myrtle Beach economy thrives, driven by tourism, real estate, retail, and healthcare.
Nature enthusiasts can explore the beauty of the Grand Strand, including the Myrtle Beach State Park, Brookgreen Gardens, and the Waccamaw National Wildlife Refuge. Myrtle Beach is also known for its unique food scene, with many restaurants showcasing seafood and Southern cuisine. In addition, Myrtle Beach hosts various events throughout the year, including the Carolina Country Music Fest and the Myrtle Beach Bike Week, showcasing motorcycles and live music, making it an exciting destination for visitors and residents alike.
With its vibrant atmosphere, warm climate, and cultural and recreational opportunities, Myrtle Beach is a great place to call home for those who enjoy a beach lifestyle and a bustling community.
Rental Market Trends
Myrtle Beach, SC
As of June 2026, Myrtle Beach's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Myrtle Beach's average rent is 2.9% ($45) higher than the South Carolina average of $1,572 and 10.0% ($180) lower than the U.S. average of $1,797.
Average Rent
$1,617
Monthly ChangeMonth Over Month Change
2.7% ($42)
Yearly ChangeYear Over Year Change
10.8% ($196)
Avg. Days on MarketAverage Days on Market
33
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,239 | 2.1% ($25) | No change |
| 2 Beds | $1,502 | 0.1% ($1) | 1.7% ($26) |
| 3 Beds | $1,998 | 2.7% ($52) | 4.1% ($85) |
| Nearby Cities | Average Rent | Avg. Rent vs. Myrtle BeachAverage Rent vs. Myrtle Beach | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Conway | $1,607 | 0.6% ($10) | 29 days |
| Murrells Inlet | $1,675 | 3.6% ($58) | 30 days |
| Longs | $1,629 | 0.7% ($12) | 33 days |
| North Myrtle Beach | $1,758 | 8.7% ($141) | 32 days |
| Little River | $1,609 | 0.5% ($8) | 29 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Myrtle Beach Rental Market FAQs
Explore rental prices, market trends, and availability in Myrtle Beach, SC.
The average rent in Myrtle Beach, SC is $1,617 per month.
Apartments in Myrtle Beach typically rent for between $867 and $2,597 per month, with an average of $1,617 per month.
In Myrtle Beach, the average rent for a 1-bedroom apartment is $1,239 per month, for a 2-bedroom apartment, $1,502 per month, and a 3-bedroom apartment is $1,998 per month.
The average rent in Myrtle Beach is 10% ($180) lower than the national average of $1,797 per month.
The average rent in Myrtle Beach has increased by 2.7% ($42) in the last month and decreased by 10.8% ($196) over the past year.
The rental market in Myrtle Beach, SC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Myrtle Beach, SC, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 183 rental properties available in Myrtle Beach, SC.
Based on the current averages, a household would need an annual income of $60,080 to comfortably afford a 2-bedroom apartment in Myrtle Beach.
