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Riverwood...if you're looking for an overpriced apt in Mt P, I'm sure they've got all the basic amenities you need!!
Wow, that's surprising. We had a 3-bedroom apartment there for $1100 last year. I can't believe they dared to raise the rates considering the age and quality. That's terrible. Must be due to the increases in taxes and the upgrades they did to the pool area.
Parish Place seems to be the only one at $1000 for a 2-bedroom.
I would check out the websites mentioned, but keep your mind open for moving out of MtP.
See if you can lock in a lower price for a 2 year lease? It never hurts to shop around. Keep in mind that rents always go up in a growing market, always.
We have friends that live off Harbor View on James Island and it's a nice area. I don't know what the price range on apts would be there, but if I didn't live in Mt P that would be an area we would consider for sure.
It happened to us, too, but it was 3 years ago before we bought our home here. These apartment complexes are taking advantage of the huge influx of newbies to the Charleston area. They figure that they can raise the rent as high as they want, and they will still get the business. Pretty crappy, if you ask me.
It happened to us, too, but it was 3 years ago before we bought our home here. These apartment complexes are taking advantage of the huge influx of newbies to the Charleston area. They figure that they can raise the rent as high as they want, and they will still get the business. Pretty crappy, if you ask me.
Well, you also have places like the Boulevard setting very high rent and getting it. That has an impact on the entire rental market in Mt P.
I have seen at least a dozen apartment complexes/buildings go out for bid since new year. At some point they might flood the market and actually lower rates as people have properties to fill.
But if truth be told most are either higher end buildings or in pricier areas. A 3 building complex at patriots point, student apartments at the base of the Ravenel, another near Belle Hall, a large building on Daniel Island and another large one beside Riverland Terrace spring to mind. If nothing else it should clear up some space in older complexes that can't compete with the amenities or more modern units.
Most places now use a supply/demand computer program to set their vacancy rates, so it is very market driven. That's a free economy right? We want the market to set the prices right?
And with all the ones out for bids, there are more in the works - -not at the bid point yet. It seems that everyone wants to put an apartment building somewhere in the greater Charelston area. I think the original shortage, influx of folks will fill some of those apartments but eventually they will have to start competing for the tenants. In the mean time -- check out more affordable and equably great areas. Good Luck
In many municipalities they set legislation that landlords can only raise rents by a certain percentage, we surely don't want our communities to do that.
Thanks everyone for the tips. We are going to be buying a home in the near future, but just didn't think we'd have to move to another apt before that happens. Grrrrr.
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