Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Carrboro, NC Rental Market Trends
What is the average rent in Carrboro?
The average rent for an apartment in Carrboro is $1,273. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Carrboro, NC
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,273 | 857 sq. ft. |
What is the average apartment size in Carrboro?
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
Carrboro, NC Occupied Housing Units
4,154 or 46% of the households in Carrboro, NC are renter-occupied while 4,800 or 53% are owner-occupied.
Carrboro, NC Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Carrboro, NC | $984 | $1,027 | $1,072 | $1,032 | $1,064 | $1,081 | $1,078 | $1,111 | $1,168 | $1,273 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Carrboro Compares to Other Cities
| City | Average Rent |
|---|---|
| Charlotte | $1,559 |
| Raleigh | $1,522 |
| Winston - Salem | $1,119 |
| Greensboro | $1,147 |
| Durham | $1,468 |
| Concord | $1,457 |
| Wilmington | $1,492 |
| Gastonia | $1,210 |
| Mooresville | $1,465 |
| Monroe | $1,000 |
| Cary | $1,558 |
| Clayton | $1,464 |
| High Point | $1,108 |
| Morrisville | $1,628 |
| Burlington | $1,261 |
| Chapel Hill | $1,744 |
| Fuquay Varina | $1,508 |
| Garner | $1,414 |
| Knightdale | $1,580 |
| Apex | $1,616 |
| Carrboro | $1,273 |
Most Popular Apartments in Carrboro
The Villages Of Chapel Hill
500 Smith Level Rd, Carrboro, NC 27510- Studio
- 1 BED
- 2+ BEDS
- Ask for pricing
- Ask for pricing
- $1,290+
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 Carrboro apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.