Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Hillsborough, NC Rental Market Trends
What is the average rent in Hillsborough?
The average rent for an apartment in Hillsborough is $1,415. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Hillsborough, NC
Last updated May 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,415 | 1,058 sq. ft. |
What is the average apartment size in Hillsborough?
The average size for a Hillsborough, NC apartment is 1,058 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
Hillsborough, NC Occupied Housing Units
1,243 or 41% of the households in Hillsborough, NC are renter-occupied while 1,771 or 58% are owner-occupied.
Hillsborough, NC Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | May / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hillsborough, NC | $1,054 | $1,125 | $1,197 | $1,125 | $1,131 | $1,199 | $1,176 | $1,271 | $1,341 | $1,415 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Hillsborough Compares to Other Cities
| City | Average Rent |
|---|---|
| Charlotte | $1,559 |
| Raleigh | $1,522 |
| Winston - Salem | $1,119 |
| Greensboro | $1,147 |
| Durham | $1,468 |
| Concord | $1,457 |
| Wilmington | $1,492 |
| Cary | $1,558 |
| Clayton | $1,464 |
| Mooresville | $1,465 |
| High Point | $1,108 |
| Morrisville | $1,628 |
| Burlington | $1,261 |
| Chapel Hill | $1,744 |
| Apex | $1,616 |
| Garner | $1,414 |
| Wake Forest | $1,533 |
| Knightdale | $1,580 |
| Mebane | $1,313 |
| Fuquay Varina | $1,508 |
| Hillsborough | $1,415 |
Most Popular Apartments in Hillsborough
Lory Of Hillsborough
600 S. Churton Street, Hillsborough, NC 27278- 1 BED
- 2 BEDS
- 3 BEDS
- $1,290+
- $1,280+
- $1,530+
Patriots Pointe
100 Patriots Pointe Drive, Hillsborough, NC 27278- 1 BED
- 2 BEDS
- 3 BEDS
- $1,371+
- $1,460+
- $1,474+
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 Hillsborough 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.