Apex, NC Rental Market Trends

Highlights

The average rent for an apartment in Apex is $1,250, a 10% increase compared to the previous year, when the average rent was $1,139.

Average Rent in Apex, NC

Last updated October 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,250	10%	1,032 sq. ft.

The average size for a Apex, NC apartment is 1,032 square feet, but this number varies greatly depending on apartment type. 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.

Apex, NC Apartment Rent Ranges

$701-$1,0008%
$1,001-$1,50083%
$1,501-$2,0009%

Apex, NC Occupied Housing Units

Renter-occupied Households24%
Owner-occupied Households75%

3,894 or 24% of the households in Apex, NC are renter-occupied while 12,283 or 75% are owner-occupied.

Apex, NC Rent Trends

Average Rent	Jul / 2016	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Oct / 2019
Apex, NC	$1,075	$1,076	$1,131	$1,152	$1,149	$1,139	$1,139	$1,161	$1,182	$1,250
National	$1,342	$1,350	$1,346	$1,378	$1,380	$1,383	$1,418	$1,427	$1,431	$1,466

How Does Apex Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Raleigh	$1,208	4%
Cary	$1,238	6%
Garner	$1,074	6%
Wake Forest	$1,167	11%
Morrisville	$1,259	11%
Knightdale	$1,176	12%
Apex	$1,250	10%
Holly Springs	$1,234	10%

For more information about the Apex rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Apex apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.