Two years of huge rent increases in the already-expensive Charleston area have caused some tenants to take extra jobs, consider relocating to the rural edges of the suburbs or leave altogether for more affordable cities.
Stress-inducing monthly rates have radiated out from the pricey Charleston peninsula and Mount Pleasant to once-affordable places such as West Ashley, North Charleston and Summerville.
In September, according to Apartment List, the median yearly rent for an apartment in Ladson — some 20 miles from downtown Charleston — was $5,292 higher than it was two years earlier.
“I went in (to the rental office) today in tears,” said the Rev. Jo Anna Fallaw, a disabled single mother on leave from her work as a Methodist pastor. “I can see how someone could end up on the street.”
Huge rent increases have #CharlestonSC-area residents questioning if they should move #southcarolina #economy #housing #inflation #personalfinance #lowcountrylife https://t.co/aKER0cOoCH
— Kendall Harmon (@KendallHarmon6) October 8, 2022