Greensboro, NC Rental Market Trends

Highlights

The average rent for an apartment in Greensboro is $872, a 4% increase compared to the previous year, when the average rent was $840.

Average Rent in Greensboro, NC

Last updated Feb 2019
Average Rent Y-o-Y Change Average Apartment Size
$872 4% 939 sq. ft.

The average size for a Greensboro, NC apartment is 939 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.

Greensboro, NC Apartment Rent Ranges

  • < $5001%
  • $501-$70026%
  • $701-$1,00055%
  • $1,001-$1,50014%
  • $1,501-$2,0003%
  • > $2,0001%

Greensboro, NC Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Greensboro, NC $782 $805 $814 $809 $838 $840 $839 $839 $872
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Greensboro, NC By Neighborhood

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The most affordable neighborhoods in Greensboro are Bryson Ridge, where the average rent goes for $767/month, Cone Mills, where renters pay $767/mo on average, and East Bessemer, where the average rent goes for $767/mo. If you’re looking for other great deals, check out the listings from Glendale Hills ($767), Kings Forest ($767), and Lakewood ($767), where the asking prices are below the average Greensboro rent of $872/mo.

The most expensive neighborhoods in Greensboro are Lindley Park ($1,480), Starmount Forest ($1,480) and Sunset Hills ($1,480).

Greensboro | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Adams Farm is 2% higher than in Arlington Park

$844

Adams Farm rent is 3% lower than Greensboro average

Average Rent $844
$829

Arlington Park rent is 5% lower than Greensboro average

Average Rent $829

How Does Greensboro Compare to Nearby Cities

Average Rent Y-o-Y Change
High Point $792 6%
Greensboro $872 4%
Gibsonville $700 10%
Jamestown $1,009 7%
Whitsett $969 12%
Gibsonville Town $700 10%
Browns Summit $746 -5%
Forest Oaks $829 3%
Downsfield Meadows $567 n/a

For more information about the Greensboro 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 Greensboro 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.

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