Carrboro, NC Rental Market Trends
Highlights
The average rent for an apartment in Carrboro is $1,072, a 10% increase compared to the previous year, when the average rent was $978.
Average Rent in Carrboro, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,072 | 10% | 857 sq. ft. |
The average size for a Carrboro, NC apartment is 857 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.
Carrboro, NC Apartment Rent Ranges
- $701-$1,00035%
- $1,001-$1,50061%
- $1,501-$2,0004%
Carrboro, NC Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
4,488 or 49% of the households in Carrboro, NC are renter-occupied while 4,503 or 50% are owner-occupied.
Carrboro, NC Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Carrboro, NC | $907 | $951 | $922 | $978 | $978 | $978 | $984 | $1,027 | $1,072 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Carrboro Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,234 | 4% |
| Raleigh | $1,222 | 5% |
| Winston - Salem | $892 | 7% |
| Greensboro | $914 | 5% |
| Durham | $1,182 | 5% |
| Chapel Hill | $1,417 | 7% |
| Carrboro | $1,072 | 10% |
For more information about the Carrboro rental trends, check out our monthly rent report
Check out North Carolina Cities, North Carolina Neighborhoods and North Carolina Zip Codes for more details on verified listings, including the North Carolina Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!