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11 Apartments under 900 for rent in Cornelius, NC

Last updated December 11 at 9:45pm UTC
Results within 1 miles of Cornelius, NC
Results within 5 miles of Cornelius, NC
7734 Otts Circle
Stanley
Stanley, NC
Updated December 8 at 10:24am UTC
3 Bedrooms
$795
1129 Mecklenburg Hwy
Mooresville
Mooresville, NC
Updated December 7 at 11:02am UTC
1 Bedroom
$375
225 Mackwood Road
Mooresville
Mooresville, NC
Updated December 7 at 10:55am UTC
2 Bedrooms
$650
Results within 10 miles of Cornelius, NC
5498 S. NC 16 Business Hwy
Maiden
Maiden, NC
Updated December 4 at 11:19am UTC
1 Bedroom
$725

December 2018 Cornelius Rent Report

Welcome to the December 2018 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

December 2018 Cornelius Rent Report

Welcome to the December 2018 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 slightly over the past month

Cornelius rents have declined 0.2% over the past month, but have increased moderately by 3.9% in comparison to the same time last year. Currently, median rents in Cornelius stand at $880 for a one-bedroom apartment and $1,030 for a two-bedroom. This is the fourth straight month that the city has seen rent decreases after an increase in July. Cornelius' year-over-year rent growth leads the state average of 1.6%, as well as the national average of 1.3%.

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 1.6% 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 $1,250; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Wilmington experiencing the fastest growth (+5.2%).
  • High Point, Asheville, and Cary have all experienced year-over-year growth above the state average (4.0%, 3.0%, and 2.9%, respectively).

Cornelius rents more affordable than many large cities nationwide

As rents have increased moderately in Cornelius, a few 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 $1,030 is below the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 3.9% increase in Cornelius.
  • While Cornelius' rents rose moderately over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Cornelius than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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 $960 $1,120 0.0% 2.0%
Concord $810 $940 0.9% -3.5%
Gastonia $680 $800 -0.2% 1.6%
Rock Hill $840 $980 0.1% 2.5%
Huntersville $1,130 $1,320 0.7% 4.8%
Matthews $1,000 $1,170 -0.0% -0.1%
Cornelius $880 $1,030 -0.2% 3.9%

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.