Apartment rentals are increasingly difficult to find in Atlanta

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Tenants trying to find housing in the Metro Atlanta area for rent continue to find themselves in dead ends.

For months, FOX 5 has reported that the housing market is booming and, like many other changes in early 2020, it’s because of the pandemic. For the most part, the chaos seemed to come from home sales. But that is changing.

“Prices are up, interest rates are extremely low historically,” said real waste agent John Adams.

Avondale Station property management in Decatur said on Wednesday that an apartment there was being renovated. It’s the first vacant position they’ve had in several months, and housing experts say metro Atlanta apartment complexes are experiencing something similar.

A glance at the light fixtures and stucco in the Avondale Station apartments on Twin Oaks Drive tells you that the property isn’t exactly “new.”

“It was an old property from the 1940s,” Adams said. “They renovated it, made it a gated community.”

“This place never has any vacancies. I use them as a benchmark because they are indicative of the rental community in Atlanta,” Adams said.

He said the ability to work from home and ditch an office has sent people looking for rentals across the country, but especially here in the metro Atlanta area.

“Nationally, Atlanta is a real bargain on rentals,” he continued.

He said the average rent is $ 1,600 for a one-bedroom apartment in Atlanta and the population keeps growing.

A new rental community named after Hank Aaron, for example, boasts record rentals. It coincides with the World Series victory, but Adams said the excitement in the city would only attract more people here and drive rental prices even higher.

“If you come to my office and say, ‘I have $ 3,000 a month in disposable income. I will say, “It’s time we talked about buying,” he said.

“The interest rates are so low,” he said. “Block payment for housing at a low interest rate for years to come,” he said.

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