Aerial View of Charleston, South Carolina

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Average Rent

$1,798 average rent in Charleston, Q1 2026

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Occupancy Rate

92% occupancy rate Charleston, Q1 2026

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T4Q Net Absorption

4,075 T4Q net absorption in Charleston, Q1 2026

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Annual Rent Change

0% annual rent change in Charleston, Q1 2026

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BPS Annual Occupancy Change

-70 BPS annual occupancy change in Charleston, Q1 2026

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T4Q Unit Completions

2,775 T4Q net absorption in Charleston, Q1 2026

KEY TAKEAWAYS

  • Demand momentum is strong — trailing 12-month absorption of 4,075 units outpaced 2,775 units delivered, pointing to a market that has absorbed its delivery wave and is finding firmer footing.
  • The supply cycle is moderating: the under-construction pipeline has contracted to 2,565 units (3.4% of inventory), and trailing 12-month starts of 1,501 units point to manageable forward deliveries through 2027.
  • Average effective rents of $1,798 per unit reflect 0.4% YoY growth and a 2.1% sequential rebound, with occupancy at 91.7% stabilizing as the absorption-to-delivery surplus provides pricing support.

MARKET OUTLOOK

Charleston’s near-term setup points to continued improvement as deliveries ease and absorption remains firmly positive. With renter demand…