Average Rent in North Carolina

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Current Versus Historical North Carolina Rents

North Carolina rentals average $360,000 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,975, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $1,366 (83.56%) year-over-year from $1,634 to $3,000. 1-bedroom rentals prices have decreased by $633 (-37.71%) year-over-year from $1,678 to $1,045. 2-bedroom rentals prices have decreased by $143 (-9.40%) year-over-year from $1,518 to $1,375. 3-bedroom rentals prices have increased by $112 (6.26%) year-over-year from $1,783 to $1,895. 4-bedroom rentals prices have increased by $148 (6.29%) year-over-year from $2,347 to $2,495. 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 38.46% this month. 1-bedroom rents have gone down by 24.04% this month. 2-bedroom rents have gone down by 5.17% this month. 3-bedroom rents have gone up by 3.65% this month. 4-bedroom rents have gone up by 4.10% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$119.64	$3,000	$1,634 (83.56%)	$1,716 (74.79%)
1 BR	$1.93	$1,045	$1,678 (-37.71%)	$1,451 (-27.98%)
2 BR	$1.41	$1,375	$1,518 (-9.40%)	$1,367 (0.61%)
3 BR	$1.21	$1,895	$1,783 (6.26%)	$1,541 (22.97%)
4+ BR	$1.05	$2,495	$2,347 (6.29%)	$1,882 (32.60%)

Historical Rents in North Carolina

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near North Carolina

There are a total of 44 cities nearby North Carolina. The average rent in North Carolina is currently $1,945 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that Evansville, IN, with an average rent of $925, 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 $18,750 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 20.64% more affordable. Two bedrooms in North Carolina are about 21.43% more affordable. Finally, rent for three bedrooms are about 7.56% more affordable. Want more information? Check out the top 10 cities out of 44 total cities near North Carolina in the following chart.

City	Studio	1 Bed	2 Bed	All
Jacksonville, NC	$385,000	$840	$1,150	$1,300
Fayetteville, NC	N/A	$800	$995	$1,300
Winston-Salem, NC	$649	$850	$1,225	$1,300
Greenville, NC	$647,250	$795	$1,200	$1,500
Norfolk, VA	N/A	$1,038	$1,325	$1,595
Raleigh, NC	$1,500	$1,365	$1,675	$1,900
Durham, NC	$1,298	$1,673	$1,800	$1,998
Charlotte, NC	N/A	$1,500	$1,750	$2,000
Virginia Beach, VA	N/A	$1,550	$1,700	$2,050
Cary, NC	$1,900	N/A	$1,700	$2,195

Top Neighborhoods Near North Carolina

There are a total of 14 neighborhoods in or near North Carolina. Some of these neighborhoods include Downtown Baltimore, Old Northeast, and Dupont Circle. We've included all of these top 14 neighborhoods in or near North Carolina in the following chart.

The average rent for these 14 neighborhoods in or near North Carolina is currently around $2,986 per month. A total of one neighborhood has a lower average rent. Meaning, only thirteen neighborhoods have a higher average rent than $2,986. Interestingly, the neighborhoods' average rent is higher than North Carolina's average rent, which is only $1,975. Out of all the neighborhoods in or near North Carolina, Downtown Baltimore has the most affordable average rent at $1,675 per month. Whereas, at $14,000 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
Downtown Baltimore, Baltimore, MD	$2,675	$1,400	$1,775	$1,675
Old Northeast, Bloomington, IN	$1,110	$1,198	$1,975	$2,000
Dupont Circle, Washington, DC	$2,050	$2,500	$3,600	$2,300
Anacostia, Washington, DC	N/A	$1,547	$1,850	$2,495
Midtown, Atlanta, GA	$1,485	$2,000	$2,800	$2,597
Trinidad - Langston, Washington, DC	$1,513	$2,150	$2,863	$2,600
Logan Circle - Shaw, Washington, DC	$1,775	$2,775	$3,325	$2,973
Capitol Hill, Washington, DC	$2,150	$2,045	$3,225	$3,000
Crystal City Shops, Arlington, VA	N/A	$2,342	$3,464	$3,032
Columbia Heights, Washington, DC	$2,000	$2,489	$3,398	$3,061
Foggy Bottom - GWU - West End, Washington, DC	$2,282	$3,317	$5,087	$3,309
Cathedral - Wesley Heights - McLean Gardens, Washington, DC	N/A	$2,929	$4,823	$3,992
Georgetown, Washington, DC	N/A	$3,600	$4,350	$6,000
Lower Chelsea, Atlantic City, NJ	$12,250	$8,250	$15,000	$14,000

Top Counties Near North Carolina

There are a total of 14 counties located by North Carolina. Some of these counties include Cumberland, NC, Forsyth, NC, and Norfolk, VA. The average rent for rentals in these counties is $2,100. 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 $9,000, Atlantic, NJ is the most expensive county by North Carolina.

Typically, rent for studios in North Carolina is 99.72% more expensive than other counties nearby. In comparison, rent for one bedroom listings in North Carolina is 19.46% more affordable than other counties nearby. Finally, rent for two bedrooms in North Carolina is 20.80% 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	$800	$995	$1,300
Forsyth, NC	$750	$850	$1,200	$1,400
Norfolk, VA	N/A	$1,038	$1,300	$1,575
Pitt, NC	$445,000	$795	$1,200	$1,600
Onslow, NC	$495,000	$795	$1,150	$1,600
Virginia Beach, VA	N/A	$1,550	$1,700	$2,050
Wake, NC	$1,800	$1,366	$1,695	$2,099
Durham, NC	$1,300	$1,647	$1,800	$2,100
Mecklenburg, NC	N/A	$1,525	$1,775	$2,100
Albemarle, VA	N/A	$1,700	$1,928	$2,233

Top Zipcodes Near North Carolina

There are a total of 41 zipcodes in or near North Carolina. The average rent for all of these zipcodes is $2,350. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 42101, Warren County, KY at $975 per month. In comparison, the zipcode with the most expensive average rent of $18,750 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $1,468. 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 $1,816 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,250 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	$13,250	$8,700	$17,500	$18,750
20002, Washington, DC	$2,045	$2,297	$3,000	$2,850
35205, Birmingham, AL	$753	$923	$1,240	$990
08406, Ventnor City, NJ	$12,500	$9,350	$8,750	$13,000
08203, Brigantine, NJ	N/A	$1,400	$2,250	$3,200
47408, Bloomington, IN	$1,468	$1,039	$1,898	$1,800
28546, Onslow County, NC	$495,000	$725	$1,150	$1,300
20001, Washington, DC	$2,007	$2,720	$3,550	$3,100
22201, Arlington, VA	$1,858	$2,409	$3,276	$2,505
22191, Marumsco, VA	N/A	$1,811	$2,218	$2,142

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 $1,975. 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 $360,000 and an average price per square feet of $119.64. There are a total of 526 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 $1,146 and an average price per square feet of $1.93. There are a total of 278 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 $1.41. There are a total of 971 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 0.84%, one bedroom rental prices have changed by -0.38%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in North Carolina?

A reasonable rent price in North Carolina is around $1,580/month. You can search for these reasonably priced rental listings on RentHop.