12 Cheap Apartments for rent in Greensboro, NC

Last updated January 19 at 9:37am UTC
104 Penn Place
Greensboro
Greensboro, NC
Updated January 15 at 12:30pm UTC
2 Bedrooms
$595
218 Tate Street Apt 1
College Hill
Greensboro, NC
Updated January 3 at 3:43pm UTC
1 Bedroom
$650
1605 Lees Chapel
Greensboro
Greensboro, NC
Updated January 3 at 3:40pm UTC
2 Bedrooms
$625
1816 N Elm St
Old Irving Park
Greensboro, NC
Updated January 18 at 2:03pm UTC
2 Bedrooms
$635
1301 Fairview Street
Greensboro
Greensboro, NC
Updated January 11 at 11:55am UTC
3 Bedrooms
$650
3300 N Elm St
Spicewood
Greensboro, NC
Updated January 18 at 2:03pm UTC
2 Bedrooms
$625
2207 Maywood St
Rainbow - Meadowood
Greensboro, NC
Updated January 19 at 9:37am UTC
1 Bedroom
$425
3611 Brevard Street
Hunter Hills
Greensboro, NC
Updated January 3 at 3:34pm UTC
2 Bedrooms
$650
2307 Yanceyville Street Unit A
O Henry Oaks
Greensboro, NC
Updated January 9 at 11:59am UTC
2 Bedrooms
$625
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January 2018 Greensboro Rent Report

Welcome to the January 2018 Greensboro Rent Report. Greensboro rents remained steady over the past month. In this report, we'll evaluate trends in the Greensboro rental market, including comparisons to cities throughout the state and nation.

View full Greensboro Rent Report
Rent Report
Greensboro

January 2018 Greensboro Rent Report

Welcome to the January 2018 Greensboro Rent Report. Greensboro rents remained steady over the past month. In this report, we'll evaluate trends in the Greensboro rental market, including comparisons to cities throughout the state and nation.

Greensboro rents held steady over the past month

Greensboro rents have remained flat over the past month, however, they are up moderately by 2.9% year-over-year. Currently, median rents in Greensboro stand at $710 for a one-bedroom apartment and $840 for a two-bedroom. Greensboro's year-over-year rent growth lags the state average of 3.0%, but exceeds the national average of 2.8%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Greensboro, 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 3.0% 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 $1,210; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with High Point experiencing the fastest growth (+7.2%).
  • Winston-Salem, Fayetteville, and Greenville have all experienced year-over-year growth above the state average (5.3%, 4.7%, and 3.6%, respectively).

Greensboro rents more affordable than many large cities nationwide

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

  • Greensboro's median two-bedroom rent of $840 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.9% rise in Greensboro.
  • While Greensboro's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Greensboro than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than three-and-a-half times the price in Greensboro.

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.