Average Rent in North Carolina

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Current Versus Historical North Carolina Rents

North Carolina rentals average $1,848 for a studio rental to $2,350 for a 4-bedroom rental. The median price of all currently available listings is $1,950, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $102 (5.98%) year-over-year from $1,699 to $1,801. 1-bedroom rentals prices have increased by $54 (3.28%) year-over-year from $1,635 to $1,689. 2-bedroom rentals prices have increased by $331 (22.50%) year-over-year from $1,469 to $1,800. 3-bedroom rentals prices have increased by $209 (12.05%) year-over-year from $1,736 to $1,945. 4-bedroom rentals prices have increased by $52 (2.25%) year-over-year from $2,298 to $2,350. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 11.99% this month. 1-bedroom rents have gone down by 0.90% this month. 2-bedroom rents have gone up by 1.33% this month. 3-bedroom rents have gone up by 0.83% this month. 4-bedroom rents have gone down by 1.33% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.74	$1,801	$1,699 (5.98%)	$1,405 (28.17%)
1 BR	$2.05	$1,689	$1,635 (3.28%)	$1,681 (0.48%)
2 BR	$1.47	$1,800	$1,469 (22.50%)	$1,443 (24.77%)
3 BR	$1.23	$1,945	$1,736 (12.05%)	$1,590 (22.33%)
4+ BR	$1.05	$2,350	$2,298 (2.25%)	$2,098 (11.99%)

Historical Rents in North Carolina

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near North Carolina

There are a total of 28 cities nearby North Carolina. The average rent in North Carolina is currently $2,082 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Fayetteville, NC, with an average rent of $1,395, is the most affordable city nearby. In contrast, the most expensive city near North Carolina is Bethesda, MD. Monthly rents here are on average $3,663 per month.

Let's compare North Carolina's rent against other top cities nearby by bedroom size. One bedrooms are about 6.08% more affordable. Two bedrooms in North Carolina are about 10.42% more affordable. Finally, rent for three bedrooms are about 8.72% more affordable. Want more information? Check out the top 10 cities out of 28 total cities near North Carolina in the following chart.

City	Studio	1 Bed	2 Bed	All
Fayetteville, NC	N/A	$800	$1,065	$1,395
Kannapolis, NC	N/A	N/A	$1,295	$1,830
Raleigh, NC	$1,650	$1,250	$1,700	$1,855
Mooresville, NC	N/A	$1,155	$1,545	$1,868
Concord, NC	N/A	$950	$1,295	$1,893
Durham, NC	$1,225	$1,461	$1,650	$1,935
Charlotte, NC	$2,500	$1,562	$1,850	$2,055
Morrisville, NC	N/A	$1,521	$1,900	$2,148
Cary, NC	N/A	$1,527	$1,773	$2,225
Alexandria, VA	$1,850	$2,114	$2,740	$2,508

Top Neighborhoods Near North Carolina

There are a total of 8 neighborhoods in or near North Carolina. Some of these neighborhoods include Westover, Terry Sanford, and Seventy-First. We've included all of these top 8 neighborhoods in or near North Carolina in the following chart.

The average rent for these 8 neighborhoods in or near North Carolina is currently around $2,550 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,550. Interestingly, the neighborhoods' average rent is higher than North Carolina's average rent, which is only $1,950. Out of all the neighborhoods in or near North Carolina, Westover has the most affordable average rent at $1,350 per month. Whereas, at $3,795 average rent per month, North Buckhead is the most expensive neighborhood in or near North Carolina. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Westover, Fayetteville, NC	N/A	$750	$1,125	$1,350
Terry Sanford, Fayetteville, NC	N/A	$788	$1,065	$1,350
Seventy-First, Fayetteville, NC	N/A	$825	$995	$1,395
Midtown, Atlanta, GA	$1,360	$1,884	$2,750	$2,300
Old Fourth Ward, Atlanta, GA	$1,815	$2,007	$2,985	$2,800
Columbia Heights, Washington, DC	N/A	$2,200	$3,000	$3,250
Cathedral - Wesley Heights - McLean Gardens, Washington, DC	$2,050	$2,901	$4,317	$3,500
North Buckhead, Atlanta, GA	N/A	$1,900	$3,150	$3,795

Top Counties Near North Carolina

There are a total of 8 counties located by North Carolina. Some of these counties include Cumberland, NC, Johnston, NC, and Harnett, NC. The average rent for rentals in these counties is $2,100. That's roughly around $1 per sqft. A total of 16 counties have a lower average rent. The county that is the most affordable is Cumberland, NC. It's average rent per month is $1,400. Vice versa, with an average rent of $3,200, Loudoun, VA is the most expensive county by North Carolina.

In comparison, rent for one bedroom listings in North Carolina is 1.64% more affordable than other counties nearby. Finally, rent for two bedrooms in North Carolina is 9.72% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cumberland, NC	N/A	$800	$1,050	$1,400
Johnston, NC	$1,875	N/A	$1,413	$1,800
Harnett, NC	N/A	$1,098	$1,500	$1,945
Cabarrus, NC	N/A	$950	$1,298	$1,949
Wake, NC	$1,973	$1,311	$1,695	$2,000
Durham, NC	$1,225	$1,479	$1,673	$2,000
Orange, NC	N/A	$1,250	$1,695	$2,000
Union, NC	N/A	$925	$1,723	$2,100
Mecklenburg, NC	$2,499	$1,553	$1,850	$2,100
Henrico, VA	N/A	N/A	$2,000	$2,473

Top Zipcodes Near North Carolina

There are a total of 35 zipcodes in or near North Carolina. The average rent for all of these zipcodes is $2,203. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 27606, Wake County, NC at $1,695 per month. In comparison, the zipcode with the most expensive average rent of $3,800 per month is 30342, Sandy Springs, GA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near North Carolina is $1,540 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,900 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in North Carolina. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
30318, Atlanta, GA	$1,484	$1,643	$2,495	$2,499
30309, Atlanta, GA	$1,332	$1,884	$2,750	$2,400
30024, Gwinnett County, GA	N/A	$1,531	$1,953	$2,655
22201, Arlington, VA	$2,070	$2,321	$3,417	$2,498
30328, Sandy Springs, GA	$1,460	$1,553	$1,950	$2,050
30080, Smyrna, GA	N/A	$1,540	$1,825	$2,400
30058, DeKalb County, GA	N/A	N/A	$1,410	$1,898
28208, Charlotte, NC	N/A	$1,398	$1,500	$1,795
27519, Cary, NC	N/A	$1,527	$2,043	$2,350
28269, Charlotte, NC	N/A	$1,330	$1,678	$2,000

Frequently Asked Questions - North Carolina Average Rents

What is the average rent price in North Carolina?

The average monthly rental price for North Carolina apartments for rent is approximately $1,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do North Carolina rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in North Carolina.

How much is a studio apartment in North Carolina?

The average monthly rental price for studio apartments is $1,848 and an average price per square feet of $1.74. There are a total of 28 studio apartment listings currently available for rent in North Carolina.

How much is a one bedroom apartment in North Carolina?

The average monthly rental price for one bedroom apartments is $1,402 and an average price per square feet of $2.05. There are a total of 360 one bedroom apartment listings currently available for rent in North Carolina.

How much is a two bedroom apartment in North Carolina?

The average monthly rental price for two bedroom apartments is $1,595 and an average price per square feet of $1.47. There are a total of 915 two bedroom apartment listings currently available for rent in North Carolina.

How have rent prices in North Carolina changed this year?

Rent prices for rentals in North Carolina can fluctuate yearly. Specifically, studio rental prices have changed by 0.06%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.23%, and three bedroom rental prices have changed by 0.12% year-over-year.

What is a reasonable rent price in North Carolina?

A reasonable rent price in North Carolina is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.