Shocked at rent prices (Atlanta, Sandy Springs: apartments, rentals, how much)

[southkakkatlantan]

Lived in ATL for about 14 years...I moved from there in 2012 to Chicago. My current job has the potential of me working remotely. So I naturally just assumed I'd move back to ATL.


However, I've been priced out of the area I used to live in by Emory...the rents are so high there that I wonder if I would come out paying the same price in ATL as in Chicago. Yes, in Chicago the rents are a little higher, but in ATL the rents have gone up so much in the past 4 years...although it's not quite as high as Chicago, I'd still have to purchase a vehicle (I don't own a car in Chicago).


What gives?

[waronxmas]

Originally Posted by southkakkatlantan

What gives?

High demand, lack of supply.

[primaltech]

Because they can charge whatever for the best ITP locations, and people will pay it. Especially if it's a nice apartment.

I think Atlanta used to be kind of a secret. That's why rent was so relatively low for so long. Now, everybody knows about Atlanta. And, the city just keeps on getting better, and adding a lot of good jobs as well.

Rent should probably flatten at some point, after all these tons and tons of under construction apartments are open. But, it will probably never go down.

[fieldm]

You know that there are plenty of areas OTP that are not expensive right? You know Emory is higher because its near Emory right? ?

People act like Midtown, Inman Park. Emory,etc are the only places to live in Atlanta.

If you work from home and want cheaper rent live in Smyrna, Marietta, Vinings, Sandy Springs, Tucker, the southside, etc. Anywhere near 285. Now im not talking about new upscale apartments. I recommend Promove because they will give you all the apartments that arent new and upscale

[southkakkatlantan]

Originally Posted by fieldm

You know that there are plenty of areas OTP that are not expensive right? You know Emory is higher because its near Emory right? ?

People act like Midtown, Inman Park. Emory,etc are the only places to live in Atlanta.

If you work from home and want cheaper rent live in Smyrna, Marietta, Vinings, Sandy Springs, etc. Anywhere near 285. Now im not talking about new upscale apartments.

Well of course I know that.


I worked at Emory for nearly a decade so living close to there in a place like Atlanta was an obvious good choice considering how horrible traffic is in Atl. Especially since I was only paying in the 600s at the time.


Yes I do realize I can look at other areas but when I left I thought I'd be coming back to the area I used to live in since I left paying in the mid 600s in rent but now that same old mediocre apartment is going for close to $1k.


As far as the south side though...been there...done that, no way I'm going back there.

[southkakkatlantan]

Originally Posted by primaltech

Because they can charge whatever for the best ITP locations, and people will pay it. Especially if it's a nice apartment.

I think Atlanta used to be kind of a secret. That's why rent was so relatively low for so long. Now, everybody knows about Atlanta. And, the city just keeps on getting better, and adding a lot of good jobs as well.

Rent should probably flatten at some point, after all these tons and tons of under construction apartments are open. But, it will probably never go down.

I guess I'm just wondering how everyone is affording the skyrocketing rent prices...I guess many people are being forced to move further out is my guess. Atl may be adding new jobs but I don't see peoples' salaries keeping up with the rents there (I'm speaking of myself and those people I know personally).

[Forhall]

Originally Posted by southkakkatlantan

I guess I'm just wondering how everyone is affording the skyrocketing rent prices...I guess many people are being forced to move further out is my guess. Atl may be adding new jobs but I don't see peoples' salaries keeping up with the rents there (I'm speaking of myself and those people I know personally).

The new people moving in are from the Northeast mainly and used to higher rent. Also salaries are rising and Atlanta is adding more high paying tech and business jobs. Demand is there, so the price point is going up.

[fieldm]

Originally Posted by southkakkatlantan

Well of course I know that.


I worked at Emory for nearly a decade so living close to there in a place like Atlanta was an obvious good choice considering how horrible traffic is in Atl. Especially since I was only paying in the 600s at the time.


Yes I do realize I can look at other areas but when I left I thought I'd be coming back to the area I used to live in since I left paying in the mid 600s in rent but now that same old mediocre apartment is going for close to $1k.


As far as the south side though...been there...done that, no way I'm going back there.

When you left Atlanta we were still in a recession so things were cheaper. Things are still cheap but not in high demand areas such as Emory, Midtown, Atlantic Station, etc.

If you want to stay in that general area try out around the N Dekalb Mall, Clairmont Rd (West of 85), Northlake area, etc.

I would recommend apartments in Smyrna off Akers Mill rd, apartments off Cumberland Parkway in Vinings, Atlanta Rd/S Cobb Dr outside of 285, etc. Good luck


How much you want to pay per month? How many bedrooms you want?

[ElleKaye]

There's a lot of new construction in progress. I think the older places are getting all they an while they can. It won't be long before they cannot compete So the prices for the will drop. Just got to wait it out.

Also, the demand for being in town is trendy right now so demand is very high. It's not as high with families but with young singles. It's difficult to outspend someone who has absolute control of how much is left to be considered disposable income.

I remember in the early 2000s when they were almost giving houses away and rentals I had liked for a while we're dropping by $300 - $500 per month. This is a little similar and just requires patience.

[southkakkatlantan]

Originally Posted by fieldm

When you left Atlanta we were still in a recession so things were cheaper. Things are still cheap but not in high demand areas such as Emory, Midtown, Atlantic Station, etc.

If you want to stay in that general area try out around the N Dekalb Mall, Clairmont Rd (West of 85), Northlake area, etc.

I would recommend apartments in Smyrna off Akers Mill rd, apartments off Cumberland Parkway in Vinings, Atlanta Rd/S Cobb Dr outside of 285, etc. Good luck


How much you want to pay per month? How many bedrooms you want?

Ideally no more than $1k and I'm good with a one bedroom. I could pay more but the point is to move back and spend less on things such as rent.