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Rent Inflation in Columbia, SC

The average asking rent in Columbia, SC is $1,537/month as of 2026-05. That is +1.3% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) | zillow.com/research

Current Avg Rent

$1,537/mo

as of 2026-05

Year-over-Year Change

+1.3%

24-Month Rent Trend

Monthly ZORI index values for Columbia, SC.

Month Avg Asking Rent Change from Prior Month
2026-05 $1,537 +0.07%
2026-04 $1,536 -0.32%
2026-03 $1,541 +0.33%
2026-02 $1,536 +0.26%
2026-01 $1,532 +0.13%
2025-12 $1,530 -0.07%
2025-11 $1,531 +0.26%
2025-10 $1,527 +0.07%
2025-09 $1,526 +0.46%
2025-08 $1,519 -0.07%
2025-07 $1,520 +0.13%
2025-06 $1,518 +0.00%
2025-05 $1,518 +0.46%
2025-04 $1,511 +0.60%
2025-03 $1,502 +0.87%
2025-02 $1,489 +0.47%
2025-01 $1,482 +0.68%
2024-12 $1,472 +0.41%
2024-11 $1,466 +0.41%
2024-10 $1,460 -0.07%
2024-09 $1,461 +0.00%
2024-08 $1,461 +0.41%
2024-07 $1,455 +0.55%
2024-06 $1,447

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