Average Rent in North Carolina

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Current Versus Historical North Carolina Rents

North Carolina rentals average $355,000 for a studio rental to $2,450 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 February 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $1,805 (118.34%) year-over-year from $1,525 to $3,330. 1-bedroom rentals prices have decreased by $628 (-37.41%) year-over-year from $1,678 to $1,050. 2-bedroom rentals prices have decreased by $134 (-9.05%) year-over-year from $1,484 to $1,350. 3-bedroom rentals prices have increased by $128 (7.48%) year-over-year from $1,717 to $1,845. 4-bedroom rentals prices have increased by $136 (6.01%) year-over-year from $2,259 to $2,395. 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 50.09% this month. 1-bedroom rents have gone down by 26.47% this month. 2-bedroom rents have gone down by 7.07% this month. 3-bedroom rents have gone up by 3.51% this month. 4-bedroom rents have gone up by 2.72% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $119.33 $3,330 $1,525 (118.34%) $1,626 (104.76%)
1 BR $1.88 $1,050 $1,678 (-37.41%) $1,387 (-24.31%)
2 BR $1.35 $1,350 $1,484 (-9.05%) $1,298 (3.98%)
3 BR $1.19 $1,845 $1,717 (7.48%) $1,483 (24.41%)
4+ BR $1.02 $2,395 $2,259 (6.01%) $1,900 (26.05%)

Historical Rents in North Carolina

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near North Carolina

There are a total of 46 cities nearby North Carolina. The average rent in North Carolina is currently $1,819 per month. A total of 25 cities nearby have an average rent lower than that. Our records show that Columbus, GA, with an average rent of $950, is the most affordable city nearby. In contrast, the most expensive city near North Carolina is Margate City, NJ. Monthly rents here are on average $20,000 per month.

Let's compare North Carolina's rent against other top cities nearby by bedroom size. Typically, rent for studios in North Carolina is 99.67% more expensive than other cities nearby. One bedrooms are about 13.72% more affordable. Two bedrooms in North Carolina are about 21.39% more affordable. Finally, rent for three bedrooms are about 6.64% more affordable. Want more information? Check out the top 10 cities out of 46 total cities near North Carolina in the following chart.
City Studio 1 Bed 2 Bed All
Fayetteville, NC N/A $850 $998 $1,295
Winston-Salem, NC N/A $850 $1,200 $1,300
Jacksonville, NC $385,000 $825 $1,150 $1,308
Greenville, NC $597,000 $773 $1,150 $1,400
Norfolk, VA N/A $1,013 $1,373 $1,600
Raleigh, NC $1,300 $1,295 $1,700 $1,923
Durham, NC N/A $1,525 $1,750 $1,995
Charlotte, NC N/A $1,697 $1,740 $2,100
Virginia Beach, VA N/A $1,547 $1,750 $2,200
Cary, NC $1,850 N/A $1,798 $2,295

Top Neighborhoods Near North Carolina

There are a total of 19 neighborhoods in or near North Carolina. Some of these neighborhoods include Westwood, Five Points South, and Elm Heights. We've included all of these top 19 neighborhoods in or near North Carolina in the following chart.

The average rent for these 19 neighborhoods in or near North Carolina is currently around $2,450 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $2,450. 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, Westwood has the most affordable average rent at $875 per month. Whereas, at $9,500 average rent per month, Lower Chelsea is the most expensive neighborhood in or near North Carolina. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Westwood, Cincinnati, OH $613 $800 $975 $875
Five Points South, Birmingham, AL $777 $918 $1,207 $995
Elm Heights, Bloomington, IN $1,000 $1,050 $1,419 $1,200
Westover, Fayetteville, NC N/A $875 $1,028 $1,300
Seventy-First, Fayetteville, NC N/A $850 $913 $1,350
Anacostia, Washington, DC $1,023 $1,438 $1,650 $2,013
Midtown, Atlanta, GA $1,590 $1,900 $3,000 $2,250
Northwest Virginia Beach, Virginia Beach, VA N/A $1,748 $1,698 $2,370
Canton, Baltimore, MD N/A $2,013 $2,440 $2,400
Old Northeast, Bloomington, IN $1,110 $1,089 $2,069 $2,450
Dupont Circle, Washington, DC $2,005 $2,673 $4,491 $2,475
Trinidad - Langston, Washington, DC $1,409 $1,950 $2,500 $2,495
Logan Circle - Shaw, Washington, DC $1,743 $2,942 $3,200 $3,145
Foggy Bottom - GWU - West End, Washington, DC $1,900 $3,079 $5,275 $3,200
Capitol Hill, Washington, DC $2,500 $1,995 $3,299 $3,250
Columbia Heights, Washington, DC $1,987 $2,300 $3,400 $3,250
Cathedral - Wesley Heights - McLean Gardens, Washington, DC $2,475 $3,060 $4,890 $3,784
Georgetown, Washington, DC N/A $3,225 $4,973 $6,500
Lower Chelsea, Atlantic City, NJ $1,575 $10,250 $1,850 $9,500

Top Counties Near North Carolina

There are a total of 19 counties located by North Carolina. Some of these counties include Cumberland, NC, Forsyth, NC, and Pitt, NC. The average rent for rentals in these counties is $2,085. That's roughly around $1 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Muscogee, GA. It's average rent per month is $950. Vice versa, with an average rent of $9,325, Atlantic, NJ is the most expensive county by North Carolina.

Typically, rent for studios in North Carolina is 99.69% more expensive than other counties nearby. In comparison, rent for one bedroom listings in North Carolina is 13.19% more affordable than other counties nearby. Finally, rent for two bedrooms in North Carolina is 21.32% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Cumberland, NC N/A $850 $1,000 $1,300
Forsyth, NC N/A $873 $1,200 $1,395
Pitt, NC $400,000 $773 $1,100 $1,495
Onslow, NC $490,000 $838 $1,157 $1,500
Norfolk, VA N/A $1,013 $1,325 $1,600
Durham, NC N/A $1,537 $1,750 $2,063
Wake, NC $1,760 $1,303 $1,700 $2,100
Mecklenburg, NC N/A $1,697 $1,750 $2,185
Albemarle, VA N/A $1,523 $1,650 $2,195
Virginia Beach, VA N/A $1,547 $1,750 $2,200

Top Zipcodes Near North Carolina

There are a total of 44 zipcodes in or near North Carolina. The average rent for all of these zipcodes is $2,314. A total of 15 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 35205, Birmingham, AL at $990 per month. In comparison, the zipcode with the most expensive average rent of $20,000 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $1,204. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near North Carolina is $1,700 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,281 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
08402, Margate City, NJ $7,500 $11,750 $16,000 $20,000
20002, Washington, DC $2,093 $2,100 $2,725 $2,649
35205, Birmingham, AL $778 $919 $1,200 $990
08406, Ventnor City, NJ $12,000 $9,300 $7,500 $12,250
08203, Brigantine, NJ N/A $1,400 $2,300 $4,000
47408, Bloomington, IN $1,241 $1,070 $1,899 $1,825
28546, Onslow County, NC $495,000 N/A $1,166 $1,300
20001, Washington, DC $1,937 $2,582 $3,200 $3,000
22201, Arlington, VA $1,848 $2,374 $3,322 $2,459
22191, Marumsco, VA N/A $1,888 $2,278 $2,330

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 $355,000 and an average price per square feet of $119.33. There are a total of 542 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 $1,175 and an average price per square feet of $1.88. There are a total of 293 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 $1,400 and an average price per square feet of $1.35. There are a total of 992 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 1.18%, one bedroom rental prices have changed by -0.37%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by 0.07% 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.
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