Hickory, NC Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hickory is $1,440, a 3.69% increase compared to the previous year, when the average rent was $1,389.
One-bedroom apartments provide 757 square feet for $1,286, balancing privacy and affordability.
Two-beedroom units at $1,429 offer 1,090 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,334 sq ft) for $1,745, suitable for larger households.
Average rent in Hickory, NC
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,440 | 1,050 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,286 | 757 sq. ft. |
| 2 Beds | $1,429 | 1,090 sq. ft. |
| 3 Beds | $1,745 | 1,334 sq. ft. |
Hickory, NC rent trends
Rental prices in Hickory, NC have increased by 3.69% over the past year. The average rent moved from $1,389 to $1,440.
What's the typical rent budget in Hickory, NC?
The largest share of rentals in Hickory, NC (55%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Hickory, NC?
7,635 or 44% of the households in Hickory, NC are renter-occupied while 9,674 or 56% are owner-occupied.
How Hickory Compares to Other Cities
| City | Average Rent |
|---|---|
| Hickory | $1,440 |
| Charlotte | $1,653 |
| Raleigh | $1,591 |
| Fayetteville | $1,276 |
| Winston - Salem | $1,293 |
| Durham | $1,555 |
| Greensboro | $1,320 |
| Cary | $1,664 |
| Concord | $1,535 |
| Wilmington | $1,629 |
| Asheville | $1,716 |
| Mooresville | $1,618 |
| Troutman, NC | $2,236 |
| Cornelius, NC | $1,648 |
| Lenoir, NC | $1,394 |
| Denver, NC | $1,593 |
| Statesville, NC | $1,177 |
| Kings Mountain, NC | $1,012 |
| Shelby, NC | $1,134 |
| Morganton, NC | $1,562 |
| Dallas, NC | $1,891 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Hickory apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.