Logo Savannah Fair Market Rent FY 2017 Savannah, GA MSA Rental Data

Fair Market Rent Prices in Savannah, GA :
$706 $801 $924 $1,260 $1,472
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Savannah are very high compared to the national average. This FMR area is more expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Savannah is $924 per month.

The previous year, rent for a two-bedroom home was $897 per month. This is a 3.01% increase year-over-year.

This FMR rate applies to Pembroke, GA, Ellabell, GA, Bloomingdale, GA, Richmond Hill, GA and other cities within the region. The Metro Code or CBSA code for this region is METRO42340M42340.

Additionally, This Fair Market Rent (FMR) area Savannah, GA MSA spans one county or city in Georgia which is listed in the table below. Estimated population of Savannah, GA MSA FMR area is 30,233 people based on latest Census data.

Compared to the rest of Georgia, the Savannah FMR area is more expensive than 98% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Savannah. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Savannah

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 755
1-BR 1-Bedroom $ 857
2-BR 2-Bedroom $ 989
3-BR 3-Bedroom $ 1349
4-BR 4-Bedroom $ 1576
Change Year:

There is just one county (listed below) within the Savannah, GA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Savannah.

County / Region Est. Population
Savannah, GA Metro 30,233
Zip Codes in Savannah, GA MSA

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

31302, 31308, 31321 and 31324

Lookup Fair Market Rent by Zip Code