Atlanta’s rental market showed steady growth in Q1 2025, driven by consistent demand, rising rents, and quicker leasing activity across most property types. While concessions increased slightly, they remained higher than the national average, suggesting landlords are using incentives to stay competitive.
Rents continued to rise, particularly for larger units, reflecting ongoing demand for space. Inventory also grew across various property types, offering renters more options as the busy spring season approached. Despite the increase in available units, properties are leasing faster, indicating strong interest in the market.
Looking ahead, property managers largely expect rents to remain stable, suggesting a stable outlook for the coming months. However, rising maintenance costs and expanding inventory in the multifamily sector are trends to watch as the year progresses.For now, Atlanta’s rental market remains strong, with solid fundamentals and positive momentum heading into peak season.
Continue reading for detailed insights into Atlanta’s rental landscape, including rent trends, leasing activity, property manager sentiment, and more.
When asked about rent price trends over the next six months, 89% of property managers expect prices to remain the same, with only 9% predicting an increase and 2% forecasting a decrease. This suggests a general expectation of stability in the rental market. Regarding rental applications, 74% of property managers reported that the number of applicants for their available rentals has remained steady, while 19% are seeing an increase in applications, signaling rising demand in some areas. However, 7% noted a decrease in applicants, likely due to localized market conditions or property-specific factors. Overall, the sentiment reflects a stable rental market with slight variations in demand across regions.
In Q1 2025, 37% of rental listings in Atlanta featured concessions, significantly above the national average of 28%. While nationally the share of listings with concessions remained flat, Atlanta continues to demonstrate a higher reliance on incentives to attract tenants, reflecting either ongoing competition among landlords or a sustained need to reduce vacancy rates early in the year.
By Q1 2025, Atlanta’s rental market saw some leveling in days on market compared to national trends. Both single family and multifamily properties in Atlanta averaged 24 days on market, just one day longer than the national averages of 23 days for each property type. This narrowing gap suggests improved efficiency in Atlanta’s leasing activity and signals potential alignment with national leasing patterns after a year of slight lag.
Rental prices in Atlanta showed subtle but steady growth across most property types in Q1 2025. One-bedroom units held steady at $1,395, while two-bedrooms reached $1,645 and three-bedrooms climbed to $1,749—the highest point in the last five quarters. Single family homes recovered to $1,649 after a dip in late 2024, and multifamily rents maintained upward momentum at $1,557. These figures point to ongoing demand, especially for larger units, and suggest pricing strength despite seasonal headwinds.
Atlanta experienced a broad-based increase in rental inventory in Q1 2025. Three-bedroom listings surged 7.4%, the strongest growth among all unit types, followed by single family homes at 5.8%. One- and two-bedroom units, along with multifamily properties, also saw healthy gains of 3.5% to 4.2%. This expansion in availability marks a positive start to the year, positioning the market to meet renter demand heading into the spring leasing season.
This guest chart, courtesy of Snaptimate, illustrates regional cost trends for a typical residential unit turnover. The sample scope is for an 800 single-family unit and includes interior painting, carpet replacement, and resurfacing a pressure-treated deck. While the Northeast remains the most expensive region, the West is rapidly catching up with a 3.8% quarter-over-quarter increase - the highest in the country. Turnover costs are rising nearly everywhere, with 95% of markets analyzed showing upward movement. In the Atlanta market specifically, costs increased by 0.49%. In this work scope labor costs made up the bulk of the total, so wage inflation had the greatest impact on overall increases. The effect of tariffs on construction materials remains unclear, but it will be a key factor to watch in the coming quarters.
Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Rental Beast listing data covers a range of rental property types and owner types operating within the long-term rental market (generally considered to be leases with a minimum of three months). Single-family rentals are considered to be properties with 4 or fewer units. Multifamily is more than 4 doors. Unless otherwise noted, our analysis uses the Atlanta-Sandy Springs-Alpharetta, GA metropolitan statistical area (MSA) as the geographical unit. Unique listings counts are based on rentals that were on-market at any point during the stated period. Rents are calculated based on these listings. Days on market (DOM) and concession analysis are based on these listings, with some data sources excluded due to DOM and concession info being unavailable or deemed to be unreliable. Concessions are incentives that entice renters to sign a lease (e.g., one month free, a gift card, etc.). Our sentiment survey is based on phone conversations during Q1 2025 with rental building and community managers and property managers. Questions and answer choices:
DISCLAIMER. This report attempts to provide reliable and useful information; however, there is no guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Our analysis uses MSA as the geographical unit and is not reflective of all-U.S. measures. Information from this document may be used with proper attribution.
©2025 by Rental Beast
Snaptimate (www.snaptimate.com) is an app that delivers instant, localized cost estimates for residential repairs, replacements, and renovations—tailored specifically for real estate professionals. It is fueled by the same data trusted by contractors for more than 20 years in the nation’s #1 estimating platform.
