NEWS BRIEF: Cost of Atlanta apartment rentals declining, report says

Landlords can’t always get what they want

AZ2 Lofts tower over Edgewood Court Apartments. Eric Cash For CL/2016
Photo credit: CL File
Atlanta is one of the few large cities in the country that saw rents for one-bedroom apartments go down in 2021. According to rent.com, the city’s average declined by 7 percent versus the previous year, despite it being a hot construction zone. Two-bedroom rents also fell by about 2.4 percent, for a current average of $2,217. The drop in rent growth could be attributed to affordable housing initiatives and a plethora of available choices, sources said. The report looks at what renters are facing across the country two years into the pandemic. urbanize.city