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Apartments for Rent in North Carolina under $500 – 16 Rentals available

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North Carolina Demographics

  • Total Population10,155,624
  • Female 4,944,759
    Male 5,210,865
  • Median Age42

Average Rent in North Carolina

  • North Carolina Average Rental Price, May 2020 $1,155 /mo

North Carolina Apartment Rent Ranges

  • $501-$7005%
  • $701-$1,00032%
  • $1,001-$1,50051%
  • $1,501-$2,0009%
  • > $2,0003%

North Carolina Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 May / 2020
North Carolina $1,012 $1,039 $1,041 $1,045 $1,046 $1,086 $1,098 $1,135 $1,152 $1,155
National $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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North Carolina Households

  • Total Number of Households3,918,597
  • Family 2,573,526
    Non-family 1,345,071
  • Children 1,219,054
    No Children 2,699,543
  • Average People Per Household2.47
  • Median Household Income$47,147
  • Median Housing Costs Per Month$752

North Carolina Education Statistics

  • No High School5%
  • Some High School37%
  • Some College29%
  • Associate Degree10%
  • Bachelor Degree20%

Apartments in North Carolina under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 16 apartments for rent in North Carolina on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in North Carolina is 644 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!