Greensboro, NC Rental Market Trends
Highlights
The average rent for an apartment in Greensboro is $988, a 8% increase compared to the previous year.
Average Rent in Greensboro, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $988 | 8% | 935 sq. ft. |
The average size for a Greensboro, NC apartment is 935 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.
Greensboro, NC Apartment Rent Ranges
- $501-$70012%
- $701-$1,00054%
- $1,001-$1,50029%
- $1,501-$2,0002%
- > $2,0003%
Greensboro, NC Occupied Housing Units
- Renter-occupied Households42%
- Owner-occupied Households57%
49,279 or 42% of the households in Greensboro, NC are renter-occupied while 67,030 or 57% are owner-occupied.
Greensboro, NC Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Greensboro, NC | $837 | $837 | $861 | $870 | $877 | $906 | $914 | $914 | $944 | $984 | $988 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
Average Rent in Greensboro, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Glenwood | $1,586 |
| Hillsdale Park | $1,586 |
| Lindley Park | $1,586 |
| Starmount Forest | $1,586 |
| Sunset Hills | $1,586 |
| Downtown Greensboro | $1,214 |
| Spring Valley | $1,070 |
| Lake Shore | $1,033 |
| North Hills | $1,033 |
| Northern Shores | $1,033 |
| Old Towne Greensboro | $1,033 |
| The Orchard | $1,033 |
| The Reserve | $1,033 |
| Three Meadows | $1,033 |
| Whitehall | $1,033 |
| Battle Forest | $1,020 |
| Lake Brandt Estates | $1,020 |
| British Woods | $1,014 |
| Forest Valley | $1,014 |
| Friendly Lakes | $1,014 |
| Jefferson Club Lake | $1,014 |
| Jefferson Gardens | $1,014 |
| Laurel Park | $1,014 |
| Maple Ridge | $1,014 |
| Quaker Run | $1,014 |
| Saddlecreek | $1,014 |
| Green Valley | $1,000 |
| Dudley Heights | $999 |
| East Market Street | $999 |
| Eastside Park | $999 |
| Lincoln Heights | $999 |
| McConnell Road | $999 |
| Hamilton Forest | $982 |
| Longview Hills - Quaker Acres | $974 |
| Madison Woods | $974 |
| Piedmont Centre | $974 |
| Piedmont Triad International Airport | $974 |
| Westerwood | $964 |
| Adams Farm | $953 |
| Fairview Homes | $953 |
| Hewitt Area - Pomona | $953 |
| Highland Park West | $953 |
| Hilltop | $953 |
| Hunter Hills | $953 |
| Meadowood Homes | $953 |
| Oaks West - Beechcroft | $953 |
| Pennydale | $953 |
| Random Woods | $953 |
| Rolling Rodes | $953 |
| Sedgefield Lakes | $953 |
| Terra Cotta | $953 |
| Benjamin Benson | $951 |
| Gorrell Street | $951 |
| Greentree | $944 |
| Lamrocton | $944 |
| The Thicket | $938 |
| New Irving Park | $929 |
| Arlington Park | $928 |
| Asheboro | $928 |
| Bethany Woods | $928 |
| Clinton Heights | $928 |
| Englewood Forest | $928 |
| Greenhaven | $928 |
| Shannon Hills | $928 |
| Shannon Woods | $928 |
| Southmont - Oak Grove | $928 |
| Southside Greensboro | $928 |
| The Pines | $928 |
| Warnersville | $928 |
| Westbury | $928 |
| Woodlea | $928 |
| Woodlea Lakes | $928 |
| Wynnmere | $928 |
| Friendship | $913 |
| Friendswood | $913 |
| Idle Acres | $913 |
| Charles Aycock | $897 |
| Hope Valley | $897 |
| Scott Park | $897 |
| Sharing Terrace | $897 |
| Latham Park | $895 |
| Garden Homes | $883 |
| Guilford Hills | $883 |
| Kirkwood | $883 |
| Lake Daniel | $883 |
| Lawndale Homes | $883 |
| Old Irving Park | $883 |
| Bryson Ridge | $822 |
| Cone Mills | $822 |
| East Bessemer | $822 |
| Glendale Hills | $822 |
| Kings Forest | $822 |
| Lakewood | $822 |
| Mount Zion | $822 |
| O'Henry Oaks | $822 |
| Park Grove | $822 |
| Phillips Avenue | $822 |
| Rankin Area | $822 |
| Rosewood | $822 |
The most affordable neighborhoods in Greensboro are Bryson Ridge, where the average rent goes for $822/month, Cone Mills, where renters pay $822/mo on average, and East Bessemer, where the average rent goes for $822/mo. If you’re looking for other great deals, check out the listings from Glendale Hills ($822), Kings Forest ($822), and Lakewood ($822), where the asking prices are below the average Greensboro rent of $988/mo.
The most expensive neighborhoods in Greensboro are Lindley Park ($1,586), Starmount Forest ($1,586) and Sunset Hills ($1,586).
The most popular neighborhood in Greensboro is Jefferson Club Lake, where there are 8 verified RENTCafé listings with an average rent of $1,014. Next up is Lake Brandt Estates, where apartments go for $1,020/month, followed by Adams Farm with $953 If you’re looking to rent in Greensboro’s most popular neighborhoods, make sure to also check out Three Meadows, where renters pay $1,033 on average, and Lakewood, where the average monthly rent is $822.
Greensboro | Rent Comparison by Neighborhood
Rent in Adams Farm is 3% higher than in Arlington Park
Adams Farm rent is 4% lower than Greensboro average
| Average Rent | $953 |
|---|
Arlington Park rent is 6% lower than Greensboro average
| Average Rent | $928 |
|---|
How Greensboro Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,290 | 3% |
| Raleigh | $1,253 | 2% |
| Winston - Salem | $944 | 6% |
| Durham | $1,200 | 1% |
| Greensboro | $988 | 8% |
| Wilmington | $1,217 | 4% |
| High Point | $903 | 7% |
| Kernersville | $980 | 6% |
| Jamestown | $1,169 | 14% |
| Whitsett | $1,049 | 7% |
| Archdale | $722 | 8% |
For more information about the Greensboro 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!