The Grace Residences
200 Nerem St NW,
Atlanta, GA 30332
$1,449 - $5,838 | Studio - 3 Beds
Downtown Atlanta
Atlanta, GA
Downtown Atlanta - Atlanta, GA
Area Guide
The heart of Atlanta is peachy
Walkable
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Mass Transit
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Artistic
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Festivals
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University
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With its vibrant arts scene, top-rated restaurants, and endless destinations, Downtown Atlanta has much to offer. The iconic skyline houses some quirky neighborhoods, including Old Fourth Ward – famous for its murals – and Midtown, home of the High Museum of Art. Even the shopping is a unique experience, ranging from the historic underground to trendy boutiques and second-hand stores. Downtown Atlanta hosts a variety of festivals and events, including Dragon Con and Music Midtown.
Getting around the downtown area is fairly easy. Residents have access to the MARTA rail, the Atlanta Streetcar, a bike share program, and, of course, downtown is walkable. Downtown Atlanta is home to Georgia State University, a top-ranking research university and one of the state’s largest universities. Sports fans will appreciate having the State Farm Arena, home of the Atlanta Hawks and the Dream, and Mecedes-Benz Stadium, home of the Atlanta Falcons and the Atlanta United, in the neighborhood. Other destinations include Centennial Olympic Park, Woodruff Park, the Georgia Aquarium, the World of Coca-Cola, and the National Center for Civil and Human Rights.
Explore the Neighborhood
Centennial Olympic Park was built for the 1996 summer Olympics and covers 21 acres
The National Center for Civil and Human Rights was established in 2007
The High Museum of Art includes a permanent collection of more than 15,000 works of art
The Mercedes Benz Stadium achieved LEED Platinum status with the highest score ever for a sports venue
Rent Trends
As of March 2025, the average apartment rent in Downtown Atlanta is $1,477 for a studio, $1,520 for one bedroom, $1,952 for two bedrooms, and $2,676 for three bedrooms. Apartment rent in Downtown Atlanta has decreased by -1.9% in the past year.
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Studio
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580 sq ft
Average Sq Ft
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$1,477/month
Average Rent
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1 BR
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760 sq ft
Average Sq Ft
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$1,520/month
Average Rent
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2 BR
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1,128 sq ft
Average Sq Ft
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$1,952/month
Average Rent
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3 BR
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1,447 sq ft
Average Sq Ft
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$2,676/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Imagine It! The Children's Museum of Atlanta
- Georgia Aquarium
- The Georgia Capitol Museum
- Park Pride
- Georgia Conservancy
Transit / Subway
Commuter Rail
Military Bases
Airports
- Hartsfield - Jackson Atlanta International
Top Apartments in Downtown Atlanta
Houses for Rent in Downtown Atlanta
Property Management Companies
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FPI Management
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Cushman & Wakefield
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279
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.