31 Apartments under 700 for rent in Cornelius, NC

Last updated November 23 at 7:01am UTC
Results within 5 miles of Cornelius, NC
221 Armour St
Davidson
Davidson, NC
Updated November 16 at 12:30pm UTC
1 Bedroom
$650
Results within 10 miles of Cornelius, NC
4104 Glenwood Dr
Enderly Park
Charlotte, NC
Updated November 15 at 2:19am UTC
1 Bedroom
$475
3115 Southwest Blvd
Oakview Terrace
Charlotte, NC
Updated November 22 at 6:04pm UTC
2 Bedrooms
$660
1375 Mount Ulla HWY
Mooresville
Mooresville, NC
Updated November 21 at 11:56am UTC
2 Bedrooms
$675
Results within 20 miles of Cornelius, NC
206 W 15th St
Newton
Newton, NC
Updated October 29 at 6:21pm UTC
2 Bedrooms
$695
617 Shady Avenue
Gastonia
Gastonia, NC
Updated November 20 at 12:00pm UTC
2 Bedrooms
$675
1018 Sims Cir
Gastonia
Gastonia, NC
Updated November 23 at 2:10am UTC
3 Bedrooms
$650
1811 Wood Street
Gastonia
Gastonia, NC
Updated November 13 at 11:31am UTC
1 Bedroom
$600
1403 Hickory Grove Road
Gastonia
Gastonia, NC
Updated November 16 at 12:09pm UTC
1 Bedroom
$650
404 Locust Street
Kannapolis
Kannapolis, NC
Updated November 22 at 12:11pm UTC
2 Bedrooms
$650
2546 Southland Trail
Lincolnton
Lincolnton, NC
Updated November 14 at 2:06am UTC
2 Bedrooms
$450
3480 Jondon Lane
Gastonia
Gastonia, NC
Updated November 1 at 4:08am UTC
2 Bedrooms
$699
3456 Jondon Lane
Gastonia
Gastonia, NC
Updated October 6 at 4:27am UTC
1 Bedroom
$649
1714 Wedgedale Ave
Statesville
Statesville, NC
Updated November 8 at 6:06pm UTC
2 Bedrooms
$595
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November 2017 Cornelius Rent Report

Welcome to the November 2017 Cornelius Rent Report. Cornelius rents declined over the past month. In this report, we'll evaluate trends in the Cornelius rental market, including comparisons to cities throughout the state and nation.

View full Cornelius Rent Report
Rent Report
Cornelius

November 2017 Cornelius Rent Report

Welcome to the November 2017 Cornelius Rent Report. Cornelius rents declined over the past month. In this report, we'll evaluate trends in the Cornelius rental market, including comparisons to cities throughout the state and nation.

Cornelius rents declined over the past month

Cornelius rents have declined 2.6% over the past month, but have increased significantly by 5.7% in comparison to the same time last year. Currently, median rents in Cornelius stand at $870 for a one-bedroom apartment and $1,010 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Cornelius' year-over-year rent growth leads 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 Cornelius, 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).

Cornelius rents more affordable than many large cities nationwide

As rents have increased significantly in Cornelius, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Cornelius is still more affordable than most large cities across the country.

  • Cornelius' median two-bedroom rent of $1,010 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.7% increase in Cornelius.
  • While Cornelius' rents rose significantly over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Cornelius 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 Cornelius.

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.