savannah apartments / housing for rent - craigslist (2024)

FAQs

Why is rent so high in Savannah Georgia? ›

Landlords feel the heat

In Savannah, continued millage rate increases from the county have driven tax rates up substantially. Dozens of people told the Savannah Morning News they believe this is one of the main contributing factors to the housing crisis.

Savannah, GA housing is 24% cheaper than the U.S average, while utilities are about 11% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 2% less in Savannah, GA than in the rest of the country, while clothing costs around 2% less .

Population trends

Among Savannah residents, there is a homeowner vacancy rate of 3.2% and a rental vacancy rate of 7.1% from a total of 62,775 units.

With both adults working, a family of four living in Savannah requires a liveable wage of $21.83, lower than the national average. That puts the family's required annual income before taxes at $90,819.

Savannah's homeless population is down 22.5% from 2023, according to the Chatham Savannah Authority for the Homeless. "It tells us we're headed in the right direction," said Jennifer Dulong, executive director of CSAH.In January 2024, the authority counted 579 people experiencing homelessness.

Some of the best neighborhoods near Savannah include: Ardsley Park: Considered the first suburb created within Savannah, it is safe, quiet, and pedestrian friendly. This is the perfect place to raise a family! Pooler: Just 10 miles from Savannah, this unique neighborhood is located within preserved woodlands.

With no estate tax, and a median home price 31% below the national average, Savannah is a great place to retire. Although Savannah is not large in size, you'll find plenty of space to spread out here. Its modest dimensions make it highly walkable as well as bicycle friendly.

Dutch Island

This picturesque community is located on the Intracoastal Waterway north of Savannah and offers stunning views of the water. The homes in this area are also some of the most luxurious in all of Savannah, so Dutch Island is worth considering if you're looking for luxury living.

What is the dropout rate in Savannah GA? ›

While dropout rates hover at less than 5% for the district, several area high schools saw staggering cohort declines from the time a class entered ninth grade to its senior year. Last school year, 953 students withdrew from SCCPSS high schools, according to data provided by the district.

The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. A vacancy rate is the opposite of the occupancy rate, which is the percentage of units in a rental property that are occupied.

Job availability and economic growth are a major factor when looking at the overall cost of living in Savannah. The more jobs that are available, the higher the demand for housing and other goods and services. This can lead to an increase in prices. Economic growth also plays a crucial role.

The number one cause of high rents and high home prices -- not just in metro Atlanta but across the state and across the country -- is too little supply," Wingfield said. But Bell said local governments should have a say in how much rents can and can not rise. "They know what's best for their communities.

With no estate tax, and a median home price 31% below the national average, Savannah is a great place to retire. Although Savannah is not large in size, you'll find plenty of space to spread out here. Its modest dimensions make it highly walkable as well as bicycle friendly.

The Savannah Economic Development Authority is offering to pay tech workers up to $2,000 in moving expenses if they relocate to Chatham County. The effort is aimed at “boosting the region's technology industry,” which already boasts employers in health care, aerospace and advanced manufacturing.