NC Rents Slightly Higher in 2020

Overall North Carolina rents are up by 9.0% year over year, opposed to the national average which decreased by 1.3%.

Asheville’s media rent of $1,377 (2br) is the highest of all North Carolina's major cities. Charlotte rents fell this year by 1.7% to $1,200 for a 2 bedroom.
Cary and Durham rents also decreases from last year.

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Comparatively, the lager cities in North Carolina are considered to have more affordable rents then other major cities. Unsurprisingly, cities like Seattle, San Francisco and New York have seen a significant drops in median rents. While, Greensboro’s rent growth is one of the highest in the nation.

Apartment List publishes a monthly reports on rental trends for hundreds of cities across the U.S

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B Holladay