Greensboro, NC Rental Market Trends

Greensboro Rent Report: May 2024

Welcome to the Apartment List May 2024 Rent Report for Greensboro, NC. Currently, the overall median rent in the city stands at $1,138, after rising 1.3% last month. Prices and are now up 1.9% year-over-year. Read on to learn more about what’s been happening in the Greensboro rental market and how it compares to trends throughout the nation as a whole.

Greensboro rents are up 1.3% month-over-month and up 1.9% year-over-year

The median rent in Greensboro rose by 1.3% over the course of April, and has now increased by a total of 1.9% over the past 12 months. Greensboro’s rent growth over the past year has has outpaced both state (-2.8%) and national (-0.8%) averages.

Greensboro rent growth in 2024 pacing above last year

Four months into the year, rents in Greensboro have risen 2.1%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to April 2023 rents had increased 1.0%.

April rent growth in Greensboro ranked #12 among large U.S. cities

Greensboro rents went up 1.3% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #12. Similar monthly rent growth took place in Wichita, KS (1.3%) and Reno, NV (1.3%).

Greensboro is the #82 most expensive large city in the U.S., with a median rent of $1,138

Citywide, the median rent currently stands at $1,006 for a 1-bedroom apartment and $1,121 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,138. That ranks #82 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,226 for a 1-bedroom, $1,381 for a 2-bedroom, and $1,396 overall. The median rent in Greensboro is 18.5% lower than the national, and is similar to the prices you would find in Spokane, WA ($1,172) and Milwaukee, WI ($1,136).


Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.

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