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North Myrtle Beach Rental Market: What Investors & Landlords Need to Know
North Myrtle Beach is known as a popular vacation destination but there is great demand for long term rentals. This area can be particularly good for apartments or small multi-family developments close to the major resorts or businesses. With steady population growth, strong tenant demand, and an evolving real estate landscape, landlords and investors are seeing the potential for serious returns.
In this blog, we break down exactly what you need to know to navigate the North Myrtle Beach rental market in 2025 — including rent trends, leasing timelines, neighborhood performance, and landlord strategies that actually work.
Why North Myrtle Beach Is Gaining Attention
North Myrtle Beach has long been a favorite among vacationers, but today it’s also a go-to location for long-term residents. Retirees, remote workers, and young families are seeking more space, stability, and access to the coast — and this town offers all three.
Key drivers include:
Proximity to the beach
Family-friendly neighborhoods and an old-school feel
Access to Highway 17 and Highway 31
Shopping, dining, and excellent public safety ratings
North Myrtle Beach also benefits from a healthy mix of seasonal tourism and year-round residency. For property owners, this opens opportunities for hybrid rental strategies or stable long-term tenancy in high-demand zones. In this blog we will focus exclusively on long term or annual rentals, but you can learn more about vacation rentals from our sister company myBeach Vacation Rentals blog.
Key Rental Market Highlights in 2025
According to market data from RentCafe and Zillow:
1-bedroom average rent: ~$1,400/month
Our best performing property is a 3 bedroom home that rents for $2795 per month
Our lowest performing property is a 1 bedroom condo that rents for $1295 per month
Average lease-up time: 21 - 35 days, depending on property type and location
Compared to Myrtle Beach and surrounding markets, North Myrtle Beach tends to command slightly higher rents thanks to its coastal appeal, lower crime rate, and low supply of homes.
By Property Type: What Landlords Should Know
Each property type will have its own advantages that can be levered to create great returns for your investment. I’ll share some important details and dive into statistics for each type of rental below.
You will find many Condos along the oceanfront of North Myrtle Beach, however, many of those Condos are used as a vacation rental or second home. Not many are used as long term rentals by investors. Many of the Condos that you’ll find for long term rental are closer to the Intracoastal waterway in neighborhoods like Barefoot Resort, Waterway Landing, and Briarcliffe Commons.
Similar to Condos, Homes are in short supply as many of the homes perform better as a Vacation Rental. This does create a large demand and low supply of annual rental homes in North Myrtle Beach, which can be great if you’re an investor.
Condos & Apartments
Condos remain a strong option for first-time investors and owners seeking a low-maintenance rental property.
Typical lease time: 25–30 days
Tenant profile: Singles, couples, retirees
Challenges: Oversupply in certain areas, old finishes
Tips: Modernize interiors (neutral paint, updated flooring), highlight community amenities (pools, beach access), and price competitively.
Townhomes
Townhomes offer a blend of space and affordability, appealing to renters not quite ready for a single-family home.
Typical lease time: 30–38 days
Tenant profile: Small families, professionals, empty nesters
Challenges: Limited parking, use as vacation rentals
Tips: Showcase any outdoor space, mention proximity to local schools, and keep landscaping tidy. Townhomes near Cherry Grove or Ocean Drive fetch higher rents.
Single-Family Homes
These properties are ideal for maximizing rental income — particularly in family-centric neighborhoods like Barefoot Resort or Belle Park.
Typical lease time: 35–45 days
Tenant profile: Families, long-term residents, remote workers
Challenges: Competition with new builds, landscaping upkeep
Tips: Invest in curb appeal, update kitchens and bathrooms, and allow pets. Many families looking in this area will prioritize school zoning and yard space.
Rental Price Ranges in North Myrtle Beach (2025)
Here’s what landlords and investors can expect in terms of current rent ranges:
Condos/Apartments
1-Bedroom: $1,250 – $1,375/month
2-Bedroom: $1,450 – $1,650/month
3-Bedroom: $1,700 – $1,950/month
Popular Areas: Ocean Keyes, Tidewater Ridge, Ironwood at Barefoot Resort, Willow Bend in Barefoot Resort, Waterway Landing
Townhomes
2-Bedroom: $1,600 – $1,750/month
3-Bedroom: $1,800 – $2,000/month
Popular Areas: Crescent Beach Villas, Sea Garden Townhomes, North Beach Townhomes
Single-Family Homes
3-Bedroom: $1,900 – $2,200/month
4-Bedroom: $2,200 – $2,500/month
5-Bedroom or Luxury: $2,700 – $3,300/month+
Premium Communities: Barefoot Resort, Belle Grove, Seabrook Plantation, Del Webb Adult Community
Use a Pricing Analysis
Pricing too high can lead to extended vacancy, while pricing too low can leave money on the table. It’s extremely important to get your pricing strategy correct when you start leasing your home or Condo. At Beach Rental Group, we provide a deep analysis on the market to our clients so we can make an informed decision together.
We also provide a complimentary rental projection simply by requesting one on our website here. We leverage our expertise, market conditions, condition of the home, and other factors to put together a rental projection for your specific home.
Neighborhoods & Communities to Watch
Not all neighborhoods rent the same. North Myrtle Beach is broken up into a few sections of beach that are commonly known once you move to this area.
Each section has its own flare and is important to know as some are better than others for long term rentals. You’ll also want to keep in mind the supply of condo, townhomes, and homes in each section. Certain areas are too saturated with Condos.
These communities are delivering value and strong demand in 2025:
Barefoot Resort: Golf course access, luxury townhomes, HOA-maintained homes. Barefoot has a lot of Condo rentals so I would research how many are available for rent before buying in this area.
Cherry Grove: Close to the beach and one of the most popular areas for vacation rentals. If you have a long term rental here it should go fast as so few pop up.
Ocean Drive: Near Main Street, walkability, strong seasonal-to-yearly tenant conversion. Homes and Condos around this area are desirable as they are in close walking proximity to a lot of the popular bars and restaurants in North Myrtle Beach.
Windy Hill: This is the oceanfront section closest to Barefoot Landing. It has quite a few homes and some large, Condo resorts.
Market Timing and Investor Tips
Price it right: Overpricing leads to longer vacancies. Compare actively rented comps weekly.
Highlight pet-friendliness: Pet-friendly listings in North Myrtle Beach lease faster and command higher rent.
Invest in presentation: Landscaping, lighting, and professional photography make a big difference.
Time your listing: Summer and early fall are peak leasing seasons, especially for families.
Consider mid-term rentals: For properties near the coast, mid-term (3–6 month) leases may attract remote workers or traveling professionals.
FAQs
Can I rent out my condo if it's in an HOA?
Yes, but you must confirm lease length restrictions or rental caps with the HOA. Some communities require leases to be 6+ months.
How long does it take to find a tenant?
With competitive pricing and a well-maintained unit, most rentals in North Myrtle Beach lease within 30 to 45 days.
Is now a good time to invest in North Myrtle Beach?
Yes — it’s a great buyers market. There is a lot of inventory for sale so buyers have a lot of negotiating power right now.
Can I convert my vacation rental into a long term rental?
Yes- we have had a few clients make this transition. It is ideal for owners looking for less stress and more consistency in income. Long term or annual rentals have a consistent monthly income that investors appreciate.
Ready to Explore Your Property’s Rental Potential?
Whether you're managing a single condo or a portfolio of coastal properties, the North Myrtle Beach market offers exciting opportunities in 2025. From pricing strategy to tenant placement, the right guidance makes all the difference.
Schedule a free rental analysis with Beach Rental Group today and let us help you maximize your investment — stress-free.
