North Carolina Rental Market Trends
What is the average rent in North Carolina?
The average rent for an apartment in North Carolina is $1,528. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in North Carolina
Last updated July 2024
| Average Rent | Average Apartment Size |
|---|---|
| $1,528 | 963 sq. ft. |
What is the average apartment size in North Carolina?
The average size for a North Carolina apartment is 963 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
North Carolina apartment rent ranges
North Carolina Occupied Housing Units
1,387,271 or 34% of the households in North Carolina are renter-occupied while 2,717,961 or 66% are owner-occupied.
North Carolina rent trends
Average Rent in North Carolina By City
| City | Average Rent |
|---|---|
| Boone | $2,402 |
| Troutman | $2,011 |
| Chapel Hill | $1,946 |
| Weaverville | $1,784 |
| Pinehurst | $1,782 |
| Wendell | $1,745 |
| Indian Trail | $1,741 |
| Arden | $1,721 |
| Pineville | $1,721 |
| Asheville | $1,719 |
| Candler | $1,713 |
| Colfax | $1,709 |
| Huntersville | $1,679 |
| Elon | $1,678 |
| Morrisville | $1,676 |
| Cornelius | $1,662 |
| Holly Springs | $1,658 |
| Pembroke | $1,657 |
| Charlotte | $1,651 |
| Pittsboro | $1,646 |
| Cary | $1,645 |
| Wilmington | $1,644 |
| Apex | $1,638 |
| Wake Forest | $1,635 |
| Marvin | $1,597 |
| Waxhaw | $1,597 |
| Fuquay Varina | $1,595 |
| Carthage | $1,593 |
| Fletcher | $1,592 |
| Southern Pines | $1,589 |
| Raleigh | $1,585 |
| Davidson | $1,575 |
| Jamestown | $1,575 |
| Sherrills Ford | $1,563 |
| Durham | $1,560 |
| Denver | $1,558 |
| Mooresville | $1,549 |
| Hillsborough | $1,547 |
| Concord | $1,533 |
| Clayton | $1,532 |
| Advance | $1,521 |
| Knightdale | $1,516 |
| Belmont | $1,509 |
| Aberdeen | $1,504 |
| Hampstead | $1,481 |
| Elizabeth City | $1,477 |
| Garner | $1,470 |
| Mount Holly | $1,458 |
| Monroe | $1,436 |
| Hendersonville | $1,432 |
| Kannapolis | $1,427 |
| Dallas | $1,416 |
| Mebane | $1,389 |
| Parkton | $1,384 |
| Greenville | $1,383 |
| Goldsboro | $1,377 |
| Lincolnton | $1,377 |
| Lillington | $1,359 |
| Carrboro | $1,356 |
| Burlington | $1,348 |
| Raeford | $1,339 |
| Hickory | $1,332 |
| Saxapahaw | $1,323 |
| Creedmoor | $1,317 |
| Gastonia | $1,317 |
| Hurdle Mills | $1,316 |
| Greensboro | $1,302 |
| Waynesville | $1,295 |
| Whitsett | $1,283 |
| Cramerton | $1,277 |
| Sanford | $1,268 |
| Salisbury | $1,263 |
| Lenoir | $1,261 |
| Siler City | $1,260 |
| Morganton | $1,258 |
| Fayetteville | $1,251 |
| Winston - Salem | $1,248 |
| Reidsville | $1,243 |
| Angier | $1,242 |
| Oxford | $1,235 |
| High Point | $1,233 |
| Graham | $1,232 |
| Lexington | $1,224 |
| Youngsville | $1,212 |
| Henderson | $1,172 |
| Browns Summit | $1,167 |
| Mount Airy | $1,167 |
| Jacksonville | $1,161 |
| Statesville | $1,149 |
| Newton | $1,148 |
| Asheboro | $1,105 |
| Shelby | $1,104 |
| Bessemer City | $1,094 |
| Washington | $1,064 |
| Thomasville | $1,016 |
| Gibsonville | $950 |
| Whiteville | $941 |
| Eden | $917 |
| Kings Mountain | $905 |
| Kinston | $899 |
| Camden | $896 |
| Mocksville | $891 |
| Laurinburg | $848 |
| Rocky Mount | $846 |
| Rockingham | $826 |
| Yadkinville | $753 |
| Randleman | $735 |
| Roxboro | $725 |
| Lumberton | $705 |
| Granite Falls | $658 |
| Albemarle | $604 |
| Margarettsville | $563 |
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What are the most affordable cities in North Carolina?
The most affordable cities in North Carolina are Margarettsville, where the average rent goes for $563/month, Albemarle, where renters pay $604/mo on average, and Granite Falls, where the average rent goes for $658/mo. If you’re looking for other great deals, check out the listings from Lumberton ($705), Roxboro ($725), and Randleman ($735), where the asking prices are below the average North Carolina rent of $1,528/mo.
What are the most expensive cities in North Carolina?
The most expensive cities in North Carolina are Chapel Hill ($1,946), Troutman ($2,011) and Boone ($2,402).
What are the most popular cities in North Carolina?
The most popular city in North Carolina is Charlotte, where there are 393 listings with an average rent of $1,651. Next up is Raleigh, where apartments go for $1,585/month, followed by Winston - Salem with $1,248 If you’re looking to rent in North Carolina’s most popular cities, make sure to also check out Greensboro, where renters pay $1,302 on average, and Durham, where the average monthly rent is $1,560.
North Carolina | Rent Comparison by City
Rent in Aberdeen is 1% lower than in Advance
$1,504
Aberdeen rent is 2% lower than North Carolina average
Average Rent
$1,504
$1,521
Advance rent is 1% lower than North Carolina average
Average Rent
$1,521
How North Carolina Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,289 | 985 sq. ft. |
| Alaska | $1,483 | 704 sq. ft. |
| Arizona | $1,582 | 847 sq. ft. |
| Arkansas | $1,080 | 894 sq. ft. |
| California | $2,555 | 852 sq. ft. |
| Colorado | $1,914 | 871 sq. ft. |
| Connecticut | $1,992 | 892 sq. ft. |
| Delaware | $1,627 | 909 sq. ft. |
| District of Columbia | $2,441 | 748 sq. ft. |
| Florida | $1,955 | 971 sq. ft. |
| Georgia | $1,606 | 1,016 sq. ft. |
| Hawaii | $2,677 | 845 sq. ft. |
| Idaho | $1,593 | 913 sq. ft. |
| Illinois | $1,940 | 836 sq. ft. |
| Indiana | $1,276 | 903 sq. ft. |
| Iowa | $1,209 | 893 sq. ft. |
| Kansas | $1,227 | 903 sq. ft. |
| Kentucky | $1,278 | 930 sq. ft. |
| Louisiana | $1,218 | 915 sq. ft. |
| Maine | $1,947 | 842 sq. ft. |
| Maryland | $1,841 | 903 sq. ft. |
| Massachusetts | $2,819 | 890 sq. ft. |
| Michigan | $1,324 | 916 sq. ft. |
| Minnesota | $1,537 | 887 sq. ft. |
| Mississippi | $1,304 | 1,015 sq. ft. |
| Missouri | $1,273 | 899 sq. ft. |
| Montana | $1,584 | 869 sq. ft. |
| Nebraska | $1,261 | 933 sq. ft. |
| Nevada | $1,526 | 900 sq. ft. |
| New Hampshire | $2,070 | 882 sq. ft. |
| New Jersey | $2,267 | 856 sq. ft. |
| New Mexico | $1,353 | 829 sq. ft. |
| New York | $2,722 | 842 sq. ft. |
| North Carolina | $1,528 | 963 sq. ft. |
| North Dakota | $1,057 | 957 sq. ft. |
| Ohio | $1,261 | 896 sq. ft. |
| Oklahoma | $1,019 | 856 sq. ft. |
| Oregon | $1,748 | 852 sq. ft. |
| Pennsylvania | $1,696 | 888 sq. ft. |
| Rhode Island | $2,084 | 927 sq. ft. |
| South Carolina | $1,590 | 1,002 sq. ft. |
| South Dakota | $1,127 | 901 sq. ft. |
| Tennessee | $1,487 | 949 sq. ft. |
| Texas | $1,447 | 881 sq. ft. |
| Utah | $1,612 | 920 sq. ft. |
| Vermont | $2,107 | 813 sq. ft. |
| Virginia | $1,956 | 920 sq. ft. |
| Washington | $2,028 | 835 sq. ft. |
| West Virginia | $1,282 | 989 sq. ft. |
| Wisconsin | $1,525 | 903 sq. ft. |
| Wyoming | $1,185 | 877 sq. ft. |
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Popular Cities in North Carolina
- Apartments in Angier $1,242
- Apartments in Apex $1,638
- Apartments in Asheville $1,719
- Apartments in Belmont $1,509
- Apartments in Boone $2,402
- Apartments in Burlington $1,348
- Apartments in Cary $1,645
- Apartments in Chapel Hill $1,946
- Apartments in Charlotte $1,651
- Apartments in Clayton $1,532
- Apartments in Concord $1,533
- Apartments in Cornelius $1,662
- Apartments in Denver $1,558
- Apartments in Durham $1,560
- Apartments in Fayetteville $1,251
- Apartments in Fuquay Varina $1,595
- Apartments in Garner $1,470
- Apartments in Gastonia $1,317
- Apartments in Goldsboro $1,377
- Apartments in Greensboro $1,302
- Apartments in Greenville $1,383
- Apartments in Hickory $1,332
- Apartments in High Point $1,233
- Apartments in Huntersville $1,679
- Apartments in Indian Trail $1,741
- Apartments in Jacksonville $1,161
- Apartments in Kannapolis $1,427
- Apartments in Kinston $899
- Apartments in Knightdale $1,516
- Apartments in Lillington $1,359
- Apartments in Monroe $1,436
- Apartments in Mooresville $1,549
- Apartments in Morrisville $1,676
- Apartments in Mount Airy $1,167
- Apartments in Raeford $1,339
- Apartments in Raleigh $1,585
- Apartments in Rocky Mount $846
- Apartments in Roxboro $725
- Apartments in Salisbury $1,263
- Apartments in Shelby $1,104
- Apartments in Statesville $1,149
- Apartments in Wake Forest $1,635
- Apartments in Whitsett $1,283
- Apartments in Wilmington $1,644
- Apartments in Winston - Salem $1,248
- Apartments in Youngsville $1,212