2 Apartments under 500 for rent in High Point, NC

Last updated September 22 at 9:23AM
Results within 5 miles of High Point, NC
10 JASPER STREET
Thomasville
Thomasville, NC
Updated September 21 at 12:02PM
2 Bedrooms
$475
Results within 20 miles of High Point, NC
2824 Teakwood Ct
Town and Country Estates
Winston-Salem, NC
Updated September 22 at 9:23AM
1 Bedroom
$495
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Rent Report
High Point

September 2017 High Point Rent Report

Welcome to the September 2017 High Point Rent Report. High Point rents declined over the past month. In this report, we'll evaluate trends in the High Point rental market, including comparisons to similar cities nationwide.

High Point rents declined slightly over the past month

High Point rents have declined 0.2% over the past month, but have increased moderately by 2.6% in comparison to the same time last year. Currently, median rents in High Point stand at $690 for a one-bedroom apartment and $820 for a two-bedroom. High Point's year-over-year rent growth lags the state average of 4.3%, as well as the national average of 3.0%.

High Point rents more affordable than many large cities nationwide

Rent growth in High Point has been relatively stable over the past year - some other large cities have seen more substantial increases. High Point is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with North Carolina as a whole logging rent growth of 4.3% over the past year.
  • High Point's median two-bedroom rent of $820 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.6% rise in High Point.
  • While rents in High Point remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Charlotte (+3.9%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,110 respectively.
  • Renters will find more reasonable prices in High Point than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in High Point.

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.