134 Apartments under 900 for rent in Cornelius, NC

Last updated September 25 at 3:26AM
Results within 1 miles of Cornelius, NC
Results within 5 miles of Cornelius, NC
547 S Broad Street
Mooresville
Mooresville, NC
Updated August 29 at 10:36AM
1 Bedroom
$450
1101 Locust Street
Mooresville
Mooresville, NC
Updated September 11 at 2:13AM
1 Bedroom
$495
Results within 10 miles of Cornelius, NC
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

Rent Report
Cornelius

September 2017 Cornelius Rent Report

Welcome to the September 2017 Cornelius Rent Report. In this report, we'll evaluate trends in the Cornelius rental market, including comparisons to similar cities nationwide.

Cornelius rents increase sharply over the past month

Cornelius rents have increased 1.5% over the past month, and are up sharply by 9.6% in comparison to the same time last year. Currently, median rents in Cornelius stand at $900 for a one-bedroom apartment and $1,050 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in June. Cornelius' year-over-year rent growth leads the state average of 4.3%, as well as the national average of 3.0%.

Cornelius rents more affordable than many large cities nationwide

As rents have increased in Cornelius, a few large cities nationwide have seen also rents grow more modestly. Cornelius is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, with North Carolina as a whole logging rent growth of 4.3% over the past year.
  • Cornelius' median two-bedroom rent of $1,050 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 9.6% rise in Cornelius.
  • While Cornelius' rents rose over the past year, many cities nationwide also saw increases, many cities nationwide also saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Raleigh (+3.4%).
  • 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 nearly 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% 3.9%
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.