Resource Directory
Renting and Leasing
Alternatives to Buying a Home

If you are relocating to the Atlanta area, you may not be ready to purchase another home. In that case, renting or leasing may be the perfect solution. Atlanta and its surrounding suburbs offer a wide selection of housing options, whether you’re looking for an apartment, townhouse, mid-rise, high-rise, condo or single-family home. Better yet, rental rates in the Atlanta area are very affordable.

While some people strive to obtain home ownership, others realize that renting or leasing is a much more suitable decision for them in the short or long term. After all, you have just arrived in your new city and with so many things to be done, making a large investment may be handled best after getting acclimated to the area. If your employer has relocated you, the chance of another relocation may be in your future so purchasing a house might not guarantee a return on your investment. On the other hand, perhaps you moved from a rental and are not ready to take the plunge into owning your first piece of property. Allowing yourself time to settle into your new environment before committing to home ownership will give you time to get a feel for the various communities that make the Atlanta area such a diverse place to live and decide which type of home is best for you.

While Atlanta is certainly a great place to buy a home, it is also a great place to satisfy all renting appetites. With numerous units found throughout the city and new construction on the rise, finding a place to rent or lease in Atlanta is not difficult. Due to the suburban nature of the metro area, high-rises are few and far between except in the Buckhead area. Instead, Metro Atlanta offers rental houses, apartments in houses, duplexes and triplexes, small apartment buildings and large low-rise apartment buildings. Typically, the closer you live to the city, the more likely you can find an apartment in a house or a small apartment complex. Communities further outside the city limits tend to have larger apartment buildings, often in gated communities, with many amenities and ample parking spaces.

The average price range for a one-bedroom apartment each month is $700 to $950; and you can expect to pay anywhere from $950 to $1,500 for a two-bedroom; and between $1,500 to $2,500 for a three-bedroom. Overall, average apartment rentals cost $930 with utilities around $90, putting it on par with apartments for rent in other metropolitan cities like Philadelphia and Los Angeles. Of course, rents vary according to location and amenities. The best part of looking for apartments in Atlanta is the variety available. There are more than 1,500 apartment complexes in the city, so you’ll find everything from historic buildings to modern high-rise luxury rentals.

For newcomers looking for an urban lifestyle, one of Atlanta’s most popular housing trends is loft living. Old industrial areas recently have been converted into loft districts; today it’s possible to find a great loft almost anywhere in the city. Many buildings in Atlanta’s downtown and in the Midtown, Virginia Highland and Buckhead neighborhoods have been converted to lofts that can be rented or purchased. Many more newly constructed loft condominiums are under way as well.

Another housing trend is the revitalization of Atlanta’s older communities. Many newcomers have been drawn to Atlanta with the hope of buying in the next up-and-coming neighborhood, renovating the house and seeing their investment appreciate quickly. In recent years, several communities in Atlanta, including Kirkwood, East Point and East Atlanta have all experienced this revival trend.

When selecting a unit, leverage the fact that you have many options by asking about move-in specials or discounted rent. Property managers are aware that there is fierce competition to obtain and keep high occupancy, so negotiating for the best deal is within your right and never hurts to ask. Also, keep in mind that apartment hunting in Atlanta can become extremely competitive in late summer when returning college students flood the rental market.

LOCATION

— Intown
You can’t call yourself a true Atlantan without taking in a few key experiences, and many of them can be found within Intown Atlanta, the epicenter of the city. Watching a show at the Fox Theatre on Peachtree Street. Join 55,000 runners for the Peachtree Road Race, the world’s largest 10K run, on the Fourth of July. Seeing musical acts at Classic Chastain, an annual summer concert series. Enjoy a cocktail in the revolving Sun Dial Restaurant atop the Westin Hotel. Root for your new home sports teams: the Atlanta Braves, the Atlanta Falcons and the Atlanta Hawks. It’s all in Intown.

Intown Atlanta offers a mixture of historic neighborhoods, trendy artist havens, established communities and revitalized areas. Many neighborhoods have distinct architectural characteristics and plenty of charm. Intown is also known for its celebrated Peachtree Street and signature skyline; historic landmarks, such as the Martin Luther King, Jr., Historic Site; prominent universities; and numerous Fortune 500 companies like The Coca-Cola Company, The Southern Company, UPS, Equifax and Acuity Brands.

Major Intown Atlanta neighborhoods include the following:

Downtown has an ever-changing skyline dominated by skyscraper hotels and office buildings. The area offers refurbished warehouse lofts, high-end condominiums, great restaurants, luxurious hotels, shopping, nightlife and access to some of Atlanta’s best-known attractions. You can find most major chain hotels, including the Ritz-Carlton, the Atlanta Hilton & Towers, the Marriott Marquis and the Westin at Peachtree Plaza. The area is also home to some of city’s major tourist attractions, including Underground Atlanta, the New World of Coca-Cola, Turner Field and the Georgia Aquarium. Downtown also supports the campuses of Georgia Tech and Georgia State University and the Castleberry Hill Arts District.

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