25 Apartments under 700 for rent in Concord, NC

Last updated November 20 at 2:15pm UTC
161 Union St S
South Historic Concord
Concord, NC
Updated November 20 at 9:55am UTC
1 Bedroom
$699
226 Misenheimer Drive NW
Concord
Concord, NC
Updated November 14 at 1:13am UTC
2 Bedrooms
$575
3820 Vanderburg Drive
Concord
Concord, NC
Updated November 2 at 1:59am UTC
2 Bedrooms
$650
Results within 5 miles of Concord, NC
Results within 10 miles of Concord, NC
4104 Glenwood Dr
Enderly Park
Charlotte, NC
Updated November 15 at 2:19am UTC
1 Bedroom
$475
409 Orange Street
Grier Heights
Charlotte, NC
Updated November 1 at 9:25am UTC
2 Bedrooms
$550
3115 Southwest Blvd
Oakview Terrace
Charlotte, NC
Updated November 1 at 9:57am UTC
2 Bedrooms
$660
334 W Main Street Rockwell
Rockwell
Rockwell, NC
Updated November 4 at 1:07pm UTC
2 Bedrooms
$650
1403 Hickory Grove Road
Gastonia
Gastonia, NC
Updated November 16 at 12:09pm UTC
1 Bedroom
$650
12723 Moores Chapel Road
Harbor House
Charlotte, NC
Updated November 9 at 12:20pm UTC
2 Bedrooms
$650
1714 Wedgedale Ave
Statesville
Statesville, NC
Updated November 8 at 6:06pm UTC
2 Bedrooms
$595
Results within 20 miles of Concord, NC
952 Connor St
Statesville
Statesville, NC
Updated November 9 at 9:59am UTC
2 Bedrooms
$635
103 Elm St
Salisbury
Salisbury, NC
Updated November 3 at 7:04pm UTC
1 Bedroom
$520
221 Armour St
Davidson
Davidson, NC
Updated November 16 at 12:30pm UTC
1 Bedroom
$650
1375 Mount Ulla HWY
Mooresville
Mooresville, NC
Updated November 20 at 12:01pm UTC
2 Bedrooms
$675
219 North Beaver Street
Landis
Landis, NC
Updated November 16 at 12:20pm UTC
3 Bedrooms
$680
Davis St
Albemarle
Albemarle, NC
Updated November 3 at 7:30am UTC
2 Bedrooms
$500
Davis St
Albemarle
Albemarle, NC
Updated November 7 at 8:26am UTC
2 Bedrooms
$500
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November 2017 Concord Rent Report

Welcome to the November 2017 Concord Rent Report. In this report, we'll evaluate trends in the Concord rental market, including comparisons to cities throughout the state and nation.

View full Concord Rent Report
Rent Report
Concord

November 2017 Concord Rent Report

Welcome to the November 2017 Concord Rent Report. In this report, we'll evaluate trends in the Concord rental market, including comparisons to cities throughout the state and nation.

Concord rents increase sharply over the past month

Concord rents have increased 0.7% over the past month, and have increased marginally by 0.9% 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. Concord's year-over-year rent growth lags the state average of 3.6%, as well as the national average of 2.7%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Concord, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,220; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Fayetteville experiencing the fastest growth (+5.7%).
  • Wilmington, Winston-Salem, and Cary have all experienced year-over-year growth above the state average (4.6%, 4.3%, and 3.8%, respectively).

Concord rents more affordable than many large cities nationwide

As rents have increased marginally in Concord, large cities nationwide have seen rents grow more quickly. Concord is still more affordable than most large cities across the country.

  • Concord's median two-bedroom rent of $920 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.9% increase in Concord.
  • While Concord's rents rose marginally over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • 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% 3.0%
Concord $790 $920 0.7% 0.9%
Gastonia $670 $780 -0.1% 1.2%
Rock Hill $820 $960 -0.6% 4.2%
Huntersville $1,070 $1,250 -0.0% 2.0%
Cornelius $870 $1,010 -2.6% 5.7%

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.