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Studio Apartment for Rent in Lancaster, SC

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    $1,100 Per Month

    • Studio
    • 1 Bath
    • 1,700 Sq Ft
    • Condo for Rent

    1192 Memorial Park Rd Unit 1192, Lancaster, SC 29720

    Commercial PropertyBase Rent $950.00 Property Tax $150/monthly3 offices, 2 half baths, kitchen w/ snack area,central air, and showroom approximately 16 x 28. Total building approx. 1700 square feetTo view a property you must come to the office and present a picture ID and leave a $20.00 key deposit. Keys must be returned same business day!RATES AND DATES ARE SUBJECT TO

    1192 Memorial Park Rd Unit 1192, Lancaster, SC 29720

Why Live in Lancaster

Lancaster, South Carolina, known as "Red Rose City," is a small city with a rich history and a growing population of over 9,000 residents. Founded by Scots-Irish and English settlers, Lancaster has transitioned from a textile mill hub to a center for manufacturing, retail, and medical services. The downtown area is undergoing revitalization, with plans for new parks and amenities, enhancing its appeal. Main Street features locally owned stores and restaurants, while the Red Rose Festival and a vibrant arts scene add cultural depth. Lancaster offers 15 parks, including Red Rose Park and the Lindsay Pettus Greenway, with trails for outdoor activities. Residents are a short drive from attractions like Andrew Jackson State Park and Lancaster Motor Speedway. The crime rate is slightly lower than the national average, with less activity in the western areas. Housing is affordable compared to neighboring cities, with Craftsman and ranch-style homes prevalent. Indian Land High School and the University of South Carolina Lancaster are highly rated educational institutions. Lancaster is conveniently located 47 miles from Charlotte, with U.S. Route 521 providing easy access. The Charlotte Douglas International Airport is about 46 miles away, offering further connectivity. The city is predominantly Christian, with numerous churches but no masjids or synagogues.

Frequently Asked Questions

How much does it cost to rent a home in Lancaster, SC?
The median rent for a home in Lancaster, SC is $1,095 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Lancaster, SC?
To comfortably afford the median rent in Lancaster, SC, a household needs to earn roughly $43,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,095 per month in Lancaster, SC, renters typically need to show $3,285 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lancaster, SC?
In Lancaster, SC, the price-to-rent ratio is 30.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,095
Median Single Family Home Rent
$1,600
Median Townhouse Rent
$1,719
Median Condo Rent
$900
How to Rent a Home