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.
Siler City, NC Rental Market Trends
What is the average rent in Siler City?
The average rent for an apartment in Siler City is $740, a change amounting to approximately 0% compared to the previous year.
Average Rent in Siler City, NC
Last updated April 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $740 | 0% | 950 sq. ft. |
What is the average apartment size in Siler City?
The average size for a Siler City, NC apartment is 950 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.
Siler City, NC Apartment Rent Ranges
- $501-$70050%
- $701-$1,00050%
Siler City, NC Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
962 or 35% of the households in Siler City, NC are renter-occupied while 1,773 or 64% are owner-occupied.
Siler City, NC Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Apr / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Siler City, NC | $700 | $700 | $725 | $740 | $735 | $735 | $740 | $745 | $745 | $740 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Siler City Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,301 | 3% |
| Raleigh | $1,258 | n/a |
| Winston - Salem | $957 | 7% |
| Durham | $1,210 | 1% |
| Greensboro | $991 | 8% |
| Cary | $1,236 | 1% |
| High Point | $913 | 8% |
| Morrisville | $1,305 | 5% |
| Chapel Hill | $1,461 | 4% |
| Garner | $1,143 | 3% |
| Siler City | $740 | n/a |
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 Siler City 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.