Augusta Logs the Most Revenue Growth in the Southeast

The small Augusta apartment market recorded one of the nation’s largest revenue increases in September. At 5.2%, annual revenue growth in Augusta, which has about 34,100 existing units, ranked #4 among the nation’s 150 largest apartment markets and was the highest increase across the Southeast, according to data from RealPage Market Analytics. While the latest revenue growth performance in Augusta was ahead of the market’s five-year average (4.1%), it was down from the recent annual peak of more than 9% in April 2025. Apartment demand hit an all-time high in Augusta recently, helping occupancy climb to 95% as of September, up 190 basis points for the year. In addition, Augusta’s recent occupancy rate was well ahead of the market’s five-year average (94.4%) but still behind the peak rates above 97% the market hit in 2021 and 2022. Meanwhile, effective asking prices were up 3.3% year-over-year as of September. While solid, that figure was slightly behind the market’s five-year average annual increase of 4.4%.