Hillsborough, NC Rental Market Trends
Highlights
The average rent for an apartment in Hillsborough is $1,125, a 7% increase compared to the previous year, when the average rent was $1,054.
Average Rent in Hillsborough, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,125 | 7% | 1,081 sq. ft. |
The average size for a Hillsborough, NC apartment is 1,081 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.
Hillsborough, NC Apartment Rent Ranges
- $701-$1,00024%
- $1,001-$1,50076%
Hillsborough, NC Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
824 or 31% of the households in Hillsborough, NC are renter-occupied while 1,779 or 68% are owner-occupied.
Hillsborough, NC Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hillsborough, NC | $991 | $1,014 | $1,017 | $1,037 | $1,037 | $1,039 | $1,054 | $1,125 | $1,197 | $1,125 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Hillsborough Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,259 | 6% |
| Raleigh | $1,238 | 6% |
| Durham | $1,181 | 3% |
| Greensboro | $914 | 4% |
| Winston - Salem | $895 | 7% |
| Cary | $1,220 | 3% |
| Chapel Hill | $1,409 | 3% |
| Hillsborough | $1,125 | 7% |
| Sunshine Acres | $1,125 | 7% |
For more information about the Hillsborough 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!