25 Apartments under 700 for rent in Concord, NC

Last updated September 26 at 5:37PM
161 Union St S
South Historic Concord
Concord, NC
Updated September 26 at 5:37PM
1 Bedroom
$699
745 Arbor St NE 2
Northgate South
Concord, NC
Updated September 26 at 3:52AM
1 Bedroom
$550
Results within 5 miles of Concord, NC
1725 Marlynn Drive
Harris - Houston
Charlotte, NC
Updated September 19 at 2:04AM
1 Bedroom
$699
524 Old Centergrove Road
Old Centergrove
Kannapolis, NC
Updated September 26 at 10:20AM
1 Bedroom
$525
209 East Ridge Ave
Landis
Landis, NC
Updated September 26 at 10:20AM
2 Bedrooms
$495
Results within 10 miles of Concord, NC
4415 Rolling Hill Drive
Hidden Valley
Charlotte, NC
Updated September 22 at 2:09AM
2 Bedrooms
$695
4409 Rolling Hill Drive
Hidden Valley
Charlotte, NC
Updated September 23 at 2:18AM
2 Bedrooms
$695
1101 Locust Street
Mooresville
Mooresville, NC
Updated September 11 at 2:13AM
1 Bedroom
$495
547 S Broad Street
Mooresville
Mooresville, NC
Updated August 29 at 10:36AM
1 Bedroom
$450
3115 Southwest Blvd
Oakview Terrace
Charlotte, NC
Updated September 26 at 1:34AM
2 Bedrooms
$660
2729 Bancroft Street
Tryon Hills
Charlotte, NC
Updated September 21 at 2:07AM
2 Bedrooms
$690
Results within 20 miles of Concord, NC
409 Hawley Avenue
Belmont
Belmont, NC
Updated September 16 at 4:21AM
2 Bedrooms
$699
S Meriah St
Landis
Landis, NC
Updated September 26 at 3:06AM
1 Bedroom
$695
400 E Talleyrand Ave #D
Monroe
Monroe, NC
Updated September 26 at 3:54AM
2 Bedrooms
$550
Davis St
Albemarle
Albemarle, NC
Updated September 26 at 3:05AM
2 Bedrooms
$525
N 6th St
Albemarle
Albemarle, NC
Updated September 26 at 3:05AM
2 Bedrooms
$625
Davis St
Albemarle
Albemarle, NC
Updated September 26 at 3:05AM
2 Bedrooms
$525
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Rent Report
Concord

September 2017 Concord Rent Report

Welcome to the September 2017 Concord Rent Report. Concord rents declined over the past month. In this report, we'll evaluate trends in the Concord rental market, including comparisons to similar cities nationwide.

Concord rents declined over the past month

Concord rents have declined 0.6% over the past month, but have increased marginally by 0.8% in comparison to the same time last year. Currently, median rents in Concord stand at $790 for a one-bedroom apartment and $920 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Concord's year-over-year rent growth lags the state average of 4.3%, as well as the national average of 3.0%.

Concord rents more affordable than many large cities nationwide

Rent growth in Concord has been relatively stable over the past year - some other large cities have seen more substantial increases. Concord is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with North Carolina as a whole logging rent growth of 4.3% over the past year.
  • Concord's median two-bedroom rent of $920 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.8% increase in Concord.
  • While rents in Concord remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Raleigh (+3.4%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,130 respectively.
  • Renters will find more reasonable prices in Concord than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three times the price in Concord.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Charlotte $950 $1,110 0.2% 3.9%
Concord $790 $920 -0.6% 0.8%
Gastonia $670 $790 -0.1% 1.8%
Rock Hill $840 $980 0.2% 6.8%
Huntersville $1,070 $1,250 -1.0% 1.4%
Cornelius $900 $1,050 1.5% 9.6%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.