North Carolina rent price analysis

Rental Market Reports > Single-Family Home Reports > North Carolina

This rental market report examines the average rent in North Carolina for five of the most analyzed cities on Rentometer in Q3 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five North Carolina cities: Raleigh, Durham, Concord, Charlotte, and Asheville.

According to our data, Durham had the largest year-over-year rent price increase of 8%, while Asheville had no significant change in rent price.


  • Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in North Carolina during Q3 2023.

  • Property Type: 3-BR SFRs with all bathroom counts.

  • Analysis: Rent data was analyzed year-over-year for each city.

  • Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five North Carolina cities experienced the following year-over-year rent increases in Q3 2023:

  • The average Durham rent price is $2,141 with a year-over-year rent price increase of 8%
  • The average Charlotte rent price is $2,081 with a year-over-year rent price increase of 7%
  • The average Raleigh rent price is $2,096 with a year-over-year rent price increase of 3%
  • The average Concord rent price is $1,852 with a year-over-year rent price increase of 1%
  • The average Asheville rent price is $2,705 with no year-over-year rent price change.


City/State Q3 2022
Average Rent
Q3 2023
Average Rent
YoY %
Durham, NC $1,977 $2,141 8%
Charlotte, NC $1,951 $2,081 7%
Raleigh, NC $2,026 $2,096 3%
Concord, NC $1,833 $1,852 1%
Asheville, NC $2,694 $2,705 -




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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.