Hillsborough, 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 Hillsborough is $1,503, a 1.51% decrease compared to the previous year, when the average rent was $1,526.
One-bedroom apartments provide 797 square feet for $1,389, balancing privacy and affordability.
Two-beedroom units at $1,477 offer 1,080 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,404 sq ft) for $1,754, suitable for larger households.
Average rent in Hillsborough, NC
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,503 | 1,058 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,389 | 797 sq. ft. |
| 2 Beds | $1,477 | 1,080 sq. ft. |
| 3 Beds | $1,754 | 1,404 sq. ft. |
Hillsborough, NC rent trends
Rental prices in Hillsborough, NC have decreased by 1.51% over the past year. The average rent moved from $1,526 to $1,503.
What's the typical rent budget in Hillsborough, NC?
The largest share of rentals in Hillsborough, NC (59%) 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 Hillsborough, NC?
1,511 or 36% of the households in Hillsborough, NC are renter-occupied while 2,646 or 64% are owner-occupied.
How Hillsborough Compares to Other Cities
| City | Average Rent |
|---|---|
| Hillsborough | $1,503 |
| 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 |
| Morrisville | $1,678 |
| Chapel Hill, NC | $1,768 |
| Mebane, NC | $1,444 |
| Creedmoor, NC | $1,381 |
| Carrboro, NC | $1,317 |
| Graham, NC | $1,313 |
| Pittsboro, NC | $1,530 |
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 Hillsborough 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.