Average Rent in Orange, NC

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Current Versus Historical Orange, NC Rents

Orange rentals average $0 for a studio rental to $3,422 for a 4-bedroom rental. The median price of all currently available listings is $1,885, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $8 (-0.68%) year-over-year from $1,233 to $1,225. 1-bedroom rentals prices have decreased by $337 (-24.27%) year-over-year from $1,387 to $1,050. 2-bedroom rentals prices have decreased by $230 (-12.57%) year-over-year from $1,830 to $1,600. 3-bedroom rentals prices have increased by $689 (35.15%) year-over-year from $1,961 to $2,650. 4-bedroom rentals prices have increased by $361 (12.80%) year-over-year from $2,819 to $3,180. 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 14.84% this month. 1-bedroom rents have gone down by 21.33% this month. 2-bedroom rents have gone down by 17.26% this month. 3-bedroom rents have gone up by 14.47% this month. 4-bedroom rents have gone down by 1.45% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.33	$1,050	$1,387 (-24.27%)	$1,285 (-18.30%)
2 BR	$1.72	$1,600	$1,830 (-12.57%)	$1,357 (17.94%)
3 BR	$1.44	$2,650	$1,961 (35.15%)	$1,802 (47.09%)
4+ BR	$1.29	$3,180	$2,819 (12.80%)	$2,514 (26.48%)

Historical Rents in Orange, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Orange

There are a total of 3 cities nearby Orange. The average rent in Orange is currently $2,000 per month. Our records show that Raleigh, NC, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near Orange, NC is Cary, NC. Monthly rents here are on average $2,295 per month.

Let's compare Orange, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Orange, NC is inf% more affordable than other cities nearby. One bedrooms are about 6.32% more expensive. Two bedrooms in Orange, NC are about 3.82% more affordable. Finally, rent for three bedrooms are about 16.00% more expensive. Want more information? Check out the top 3 cities near Orange, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,350	$1,298	$1,700	$1,900
Durham, NC	$1,298	$1,752	$1,799	$2,000
Cary, NC	$1,900	N/A	$1,700	$2,295

Top Neighborhoods Near Orange

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Orange

The average rent for rentals in these counties is $2,100. That's roughly around $1 per sqft. The county that is the most affordable is Wake, NC. It's average rent per month is $2,100. Vice versa, with an average rent of $2,100, Durham, NC is the most expensive county by Orange, NC.

Typically, rent for studios in Orange, NC is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Orange, NC is 7.80% more affordable than other counties nearby. Finally, rent for two bedrooms in Orange, NC is 6.87% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Durham, NC	$1,300	$1,686	$1,800	$2,100
Wake, NC	$1,800	$1,300	$1,700	$2,100

Top Zipcodes Near Orange

There are a total of 5 zipcodes in or near Orange, NC. The average rent for all of these zipcodes is $2,195.

The following chart includes the top 5 zipcodes in Orange, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27560, Morrisville, NC	N/A	N/A	$1,795	$2,195
27519, Cary, NC	N/A	N/A	$1,845	$2,425
27703, Durham County, NC	N/A	N/A	$1,623	$2,198
27603, Garner, NC	$850	$600	$1,698	$2,000
27701, Durham, NC	$1,298	$1,800	$2,495	$1,904

Frequently Asked Questions - Orange Average Rents

What is the average rent price in Orange, NC?

The average monthly rental price for Orange, NC apartments for rent is approximately $1,885. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Orange, NC 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 Orange, NC.

How much is a studio apartment in Orange, NC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in Orange.

How much is a one bedroom apartment in Orange, NC?

The average monthly rental price for one bedroom apartments is $1,385 and an average price per square feet of $2.33. There are a total of 12 one bedroom apartment listings currently available for rent in Orange.

How much is a two bedroom apartment in Orange, NC?

The average monthly rental price for two bedroom apartments is $1,638 and an average price per square feet of $1.72. There are a total of 24 two bedroom apartment listings currently available for rent in Orange.

How have rent prices in Orange, NC changed this year?

Rent prices for rentals in Orange, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by -0.24%, two bedroom rental prices have changed by -0.13%, and three bedroom rental prices have changed by 0.35% year-over-year.

What is a reasonable rent price in Orange, NC?

A reasonable rent price in Orange, NC is around $1,508/month. You can search for these reasonably priced rental listings on RentHop.