Average Rent In North Carolina For January 2024
Average Rent
What is the average rent in North Carolina?
The average rent in North Carolina for January 2024 is $1,231, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in North Carolina is $1,155. The average rent of a 1-bedroom apartment in North Carolina is $1,130.
Compared to the national average of $1,379, North Carolina rent costs -10.7% less. Read our analysis of rents by state to see how North Carolina ranks.
Here's a look at how average rents have changed over time:
How Does North Carolina Rent Compare To The Rest Of The Country?
| Statistic | NC | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,231 | $1,379 | -10.7% |
| M-o-M Change | -$11 | -$11 | -0.0% |
| Y-o-Y Change | -$28 | -$14 | 100.0% |
| M-o-M % Change | -0.9% | -0.8% | - |
| Y-o-Y % Change | -2.2% | -1.0% | - |
Median Rent By Bedrooms In North Carolina
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in North Carolina increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in North Carolina clocking in at $1,130, while a 2-bedroom rental will set you back $1,155 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $577/room/month.
Read on to find out more or for more on North Carolina check out:
- Best Places To Live In North Carolina
- Cheapest Places To Live In North Carolina
- Most Dangerous Cities In North Carolina
Month Over Month North Carolina Rent Statistics
M-o-M Increase
M-o-M Increase
North Carolina has experienced a -$11 change in rent over the past month going from $1,242 to $1,231. That change comes out to -0.9%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for North Carolina:
Year Over Year North Carolina Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in North Carolina changed -$28 from $1,259 to $1,231. A change of -$28 means that rents changed -2.2% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for North Carolina:
The 10 Places With The Highest Rent In North Carolina
Population: 6,174
Median Rent: $3,501
More on Marvin: Data | Cost Of Living | Real Estate
Population: 15,580
Median Rent: $1,747
More on Pinehurst: Data | Crime | Cost Of Living | Real Estate
Population: 14,856
Median Rent: $1,499
More on Harrisburg: Data | Cost Of Living | Real Estate
Population: 13,343
Median Rent: $1,460
More on Waxhaw: Data | Crime | Cost Of Living | Real Estate
Population: 8,447
Median Rent: $1,442
More on Wesley Chapel: Data | Cost Of Living | Real Estate
Population: 23,873
Median Rent: $1,350
More on Morrisville: Data | Crime | Cost Of Living | Real Estate
Population: 14,970
Median Rent: $1,333
More on Stallings: Data | Crime | Cost Of Living | Real Estate
Population: 37,191
Median Rent: $1,319
More on Indian Trail: Data | Cost Of Living | Real Estate
Population: 31,827
Median Rent: $1,312
More on Holly Springs: Data | Crime | Cost Of Living | Real Estate
Population: 53,302
Median Rent: $1,285
More on Huntersville: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In North Carolina
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.