24 Cheap Apartments for rent in Fayetteville, NC

Last updated November 22 at 12:09pm UTC
Torbay Drive 3556
Fayetteville
Fayetteville, NC
Updated November 22 at 12:07pm UTC
2 Bedrooms
$600
6328 CHURCH ST
Pine Forest
Fayetteville, NC
Updated November 5 at 5:41pm UTC
2 Bedrooms
$575
700K PERSHING ST
Downtown Fayetteville
Fayetteville, NC
Updated November 5 at 5:41pm UTC
2 Bedrooms
$595
1745 TORREY DRIVE
Terry Sanford
Fayetteville, NC
Updated November 5 at 5:42pm UTC
3 Bedrooms
$600
5880 AFTONSHIRE
Douglas Byrd
Fayetteville, NC
Updated November 10 at 5:35pm UTC
2 Bedrooms
$550
1021 W. ROWAN ST.
Terry Sanford
Fayetteville, NC
Updated November 5 at 5:41pm UTC
2 Bedrooms
$475
1431 THELBERT DR.
Terry Sanford
Fayetteville, NC
Updated November 5 at 5:44pm UTC
2 Bedrooms
$550
214 CRABAPPLE CIRCLE
Westover
Fayetteville, NC
Updated November 5 at 5:42pm UTC
2 Bedrooms
$585
804 MCKIMMON ROAD
Terry Sanford
Fayetteville, NC
Updated November 16 at 6:08pm UTC
2 Bedrooms
$495
5718 FIVE SISTERS
Fayetteville
Fayetteville, NC
Updated November 5 at 5:41pm UTC
2 Bedrooms
$600
1301 KING AVENUE
Pine Forest
Spring Lake, NC
Updated November 5 at 5:41pm UTC
2 Bedrooms
$525
Results within 5 miles of Fayetteville, NC
4401 BETSY ROSS
South View
Hope Mills, NC
Updated November 10 at 1:40am UTC
3 Bedrooms
$525
602 FOREST STREET
Raeford
Raeford, NC
Updated November 22 at 2:22am UTC
2 Bedrooms
$525
1004 S 8th St. 57
Lillington
Lillington, NC
Updated November 22 at 12:09pm UTC
2 Bedrooms
$600
Results within 10 miles of Fayetteville, NC
60 Hannibal Lane
Roseboro
Roseboro, NC
Updated October 20 at 10:32am UTC
2 Bedrooms
$450
Results within 20 miles of Fayetteville, NC
102 N Market St
Benson
Benson, NC
Updated November 17 at 1:37am UTC
Studio
$350
2238 SHARON STREET
Douglas Byrd
Fayetteville, NC
Updated November 14 at 1:37am UTC
2 Bedrooms
$550
510 Hickory Ave
Sanford
Sanford, NC
Updated November 16 at 12:34pm UTC
2 Bedrooms
$595
5963 SPINNER DR
South View
Hope Mills, NC
Updated November 15 at 1:56am UTC
3 Bedrooms
$600
3634 Fayetteville Rd
Lumberton
Lumberton, NC
Updated November 16 at 12:33pm UTC
Studio
$450
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November 2017 Fayetteville Rent Report

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

View full Fayetteville Rent Report
Rent Report
Fayetteville

November 2017 Fayetteville Rent Report

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

Fayetteville rents increased significantly over the past month

Fayetteville rents have increased 0.4% over the past month, and have increased significantly by 5.7% in comparison to the same time last year. Currently, median rents in Fayetteville stand at $620 for a one-bedroom apartment and $760 for a two-bedroom. The city's rents have been increasing for 18 straight months - the last time rents declined was in April of last year. Fayetteville's 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 Fayetteville, 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).

Fayetteville rents more affordable than many large cities nationwide

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

  • Fayetteville's median two-bedroom rent of $760 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 Fayetteville.
  • While Fayetteville's 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 Fayetteville than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than four times the price in Fayetteville.

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.

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.