Average Rent and Costs in North Carolina

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There are currently active 5,721 listings advertised for rent in North Carolina. North Carolina rentals average $1,350 for a studio rental to $2,395 for a 4-bedroom rental. The median price of all currently available listings is $1,720, or roughly $14 per square feet.
For the apartment units and housing in January 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $143 (-8.70%) year-over-year from $1,643 to $1,350. 1-bedroom rentals prices have decreased by $3 (-0.18%) year-over-year from $1,681 to $1,040. 2-bedroom rentals prices have decreased by $34 (-2.31%) year-over-year from $1,489 to $1,283. 3-bedroom rentals prices have increased by $137 (8.24%) year-over-year from $1,658 to $1,800. 4-bedroom rentals prices have increased by $142 (6.46%) year-over-year from $2,198 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 5.68% this month. 1-bedroom rents have gone down by 0.22% this month. 2-bedroom rents have gone down by 2.63% this month. 3-bedroom rents have gone up by 3.66% this month. 4-bedroom rents have gone up by 2.63% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $1,350 $15 $1,500 $1,643 (-8.70%) $1,107 (35.56%)
1 BR $1,040 $21 $1,678 $1,681 (-0.18%) $814 (106.10%)
2 BR $1,283 $16 $1,455 $1,489 (-2.31%) $892 (63.18%)
3 BR $1,800 $14 $1,795 $1,658 (8.24%) $1,241 (44.60%)
4+ BR $2,395 $12 $2,340 $2,198 (6.46%) $1,658 (41.16%)

Historical Rents in North Carolina

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near North Carolina

There are a total of 50 cities nearby North Carolina. The average rent in North Carolina is currently $1,510 per month. A total of 29 cities nearby have an average rent lower than that. Our records show that Harrisonburg, VA, with an average rent of $475, 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 $22,000 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 27.52% more expensive than other cities nearby. One bedrooms are about 3.56% more expensive. Two bedrooms in North Carolina are about 7.12% more affordable. Finally, rent for three bedrooms are about 2.78% more expensive. Want more information? Check out the top 10 cities out of 50 total cities near North Carolina in the following chart.
City Studio 1BR 2BR All
Fayetteville, NC $1,748 $900 $1,095 $1,350
Norfolk, VA N/A $1,000 $1,250 $1,425
Greenville, NC N/A $938 $1,200 $1,500
Newport News, VA $1,073 $1,000 $1,375 $1,550
Raleigh, NC $960 $1,075 $1,483 $1,850
Chesapeake, VA N/A $1,050 $1,550 $1,850
Virginia Beach, VA $790 $1,329 $1,600 $1,950
Chapel Hill, NC N/A $1,487 $1,675 $1,973
Durham, NC N/A $1,400 $1,598 $1,995
Cary, NC N/A $1,200 $1,600 $2,250

Top Neighborhoods Near North Carolina

There are a total of 18 neighborhoods in or near North Carolina. Some of these neighborhoods include Elm Heights, Terry Sanford, and Douglas Byrd. We've included all of these top 18 neighborhoods in or near North Carolina in the following chart.

The average rent for these 18 neighborhoods in or near North Carolina is currently around $2,300 per month. A total of 5 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only thirteen neighborhoods have a higher average rent than $2,300. Interestingly, the neighborhoods' average rent is higher than North Carolina's average rent, which is only $1,720. Out of all the neighborhoods in or near North Carolina, Elm Heights has the most affordable average rent at $1,250 per month. Whereas, at $9,000 per month, Lower Chelsea is the most expensive neighborhood in or near North Carolina. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
Elm Heights, Bloomington, IN $1,159 $950 $1,400 $1,250
Terry Sanford, Fayetteville, NC $2,193 $903 $1,097 $1,300
Douglas Byrd, Fayetteville, NC $4,800 $775 $975 $1,330
Downtown Baltimore, Baltimore, MD $1,147 $1,390 $1,650 $1,395
Westover, Fayetteville, NC $1,600 $900 $1,150 $1,395
Northwest Virginia Beach, Virginia Beach, VA $1,175 $1,300 $1,625 $1,800
Canton, Baltimore, MD $3,120 $1,800 $2,100 $2,100
Old Northeast, Bloomington, IN $928 $969 $1,940 $2,200
Old Fourth Ward, Atlanta, GA N/A $1,698 $2,225 $2,275
Midtown, Atlanta, GA $1,770 $1,995 $2,900 $2,325
Dupont Circle, Washington, DC $2,065 $2,400 $3,395 $2,400
Capitol Hill, Washington, DC $2,900 $2,075 $2,850 $2,575
Trinidad - Langston, Washington, DC $3,275 $2,907 $3,964 $3,078
Columbia Heights, Washington, DC $2,228 $2,331 $3,400 $3,095
Logan Circle - Shaw, Washington, DC $1,800 $2,900 $3,400 $3,159
Foggy Bottom - GWU - West End, Washington, DC $2,021 $2,900 $4,775 $3,222
Georgetown, Washington, DC $9,500 $3,225 $4,500 $4,500
Lower Chelsea, Atlantic City, NJ $2,000 $5,250 $2,500 $9,000

Top Counties Near North Carolina

County Studio 1BR 2BR All
Guilford, NC $657 $895 $1,050 $1,295
Onslow, NC $1,175 $901 $1,100 $1,300
Cumberland, NC $1,995 $900 $1,038 $1,350
Richmond, VA $1,095 $1,195 $1,495 $1,399
Norfolk, VA N/A $1,018 $1,250 $1,420
Virginia Beach, VA $790 $1,329 $1,600 $1,950
Wake, NC $999 $1,075 $1,500 $1,995
Durham, NC N/A $1,400 $1,595 $1,995
Horry, SC $2,990 $1,025 $1,500 $1,998
New Hanover, NC $1,050 $1,525 $1,600 $2,000

Top Zipcodes Near North Carolina

Zipcode Studio 1BR 2BR All
20002, Washington, DC $2,850 $2,772 $3,894 $3,050
47408, Bloomington, IN $879 $869 $1,749 $1,900
47401, Salt Creek, IN $1,062 $925 $1,350 $1,400
08402, Margate City, NJ $2,900 $8,000 $13,500 $22,000
30308, Atlanta, GA $1,795 $1,900 $2,375 $2,200
47404, Richland, IN $850 $1,200 $1,850 $1,541
22801, Harrisonburg, VA $1 $900 $963 $495
37042, Clarksville, TN $850 $775 $995 $1,195
30601, Athens-Clarke County, GA $25 $1,000 $1,425 $1,635
72401, Craighead County, AR $24 $649 $800 $813
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