Rent Tracker
Rent Inflation in Myrtle Beach, SC
The average asking rent in Myrtle Beach, SC is $1,709/month as of 2026-08. That is +2.2% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,709/mo
as of 2026-08
Year-over-Year Change
+2.2%
24-Month Rent Trend
Monthly ZORI index values for Myrtle Beach, SC.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,709 | +0.53% |
| 2026-07 | $1,700 | +0.00% |
| 2026-06 | $1,700 | -0.18% |
| 2026-05 | $1,703 | +0.18% |
| 2026-04 | $1,700 | +0.41% |
| 2026-03 | $1,693 | +1.26% |
| 2026-02 | $1,672 | +0.36% |
| 2026-01 | $1,666 | -0.12% |
| 2025-12 | $1,668 | -1.13% |
| 2025-11 | $1,687 | -0.18% |
| 2025-10 | $1,690 | +0.66% |
| 2025-09 | $1,679 | +0.42% |
| 2025-08 | $1,672 | -0.06% |
| 2025-07 | $1,673 | -0.48% |
| 2025-06 | $1,681 | -0.06% |
| 2025-05 | $1,682 | -0.18% |
| 2025-04 | $1,685 | +0.06% |
| 2025-03 | $1,684 | +0.54% |
| 2025-02 | $1,675 | +0.42% |
| 2025-01 | $1,668 | -0.24% |
| 2024-12 | $1,672 | -1.18% |
| 2024-11 | $1,692 | -1.28% |
| 2024-10 | $1,714 | -0.23% |
| 2024-09 | $1,718 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices