The Most Expensive Cities For Rent In North & South Carolina May Surprise You
Renters are feeling the pain of the housing crisis and inflation through with record-breaking rental prices. I know personally mine went up $200 a month when I resigned my lease…
Renters are feeling the pain of the housing crisis and inflation through with record-breaking rental prices. I know personally mine went up $200 a month when I resigned my lease in June. That's an extra $2,400 a month which is not a small difference. And while making day-to-day more expensive it also makes it more difficult for renters to save for a home and get out of the rent game. This prompted Lawn Love to conduct a study on the most expensive metros for rent. They compared 185 markets and discovered that the median rent in the country is $2,000. Ouch. I was shocked however at the most expensive cities for rent in both North and South Carolina.
I would have thought easily Charlotte would be the most expensive, but the Queen City is not. In fact, they are the 9th-ranked metro in the Carolinas. Ninth. And I thought we had it bad. The rankings are based on average rent prices and the year-over-year change, renters insurance, as well as a percentage of renters who spend 30% or more of their income on rent.
With housing prices still at record highs, there really is no relief for your average American these days. The probably is exasperated by rental companies coming in and buying up the limited supply of houses to then rent or flip to sell. Check out the 25 most expensive metros for rent in the country and the North & South Carolina rankings below.
North & South Carolina Rent
18. Hilton Head Island-Bluffton, SC
Overall Score: 53.35
Rent Prices Rank: 15
Rent Affordability Rank: 43
Cost Inflators Rank: 68
25. Charleston-North Charleston, SC
Overall Score: 48.86
Rent Prices: Rank: 30
Rent Affordability Rank: 56
Cost Inflators Rank: 57
30. Myrtle Beach-Conway-North Myrtle Beach, SC-NC
Overall Score: 47.71
Rent Prices: Rank: 36
Rent Affordability Rank: 52
Cost Inflators Rank: 64
38. Wilmington, NC
Overall Score: 46.59
Rent Prices: Rank: 48
Rent Affordability Rank: 36
Cost Inflators Rank: 118
60. Asheville
Overall Score: 42.7
Rent Prices: Rank: 63
Rent Affordability Rank: 71
Cost Inflators Rank: 116
70. Columbia, SC
Overall Score: 41.72
Rent Prices: Rank: 92
Rent Affordability Rank: 55
Cost Inflators Rank: 61
71. Durham-Chapel Hill, NC
Overall Score: 41.62
Rent Prices: Rank: 68
Rent Affordability Rank: 85
Cost Inflators Rank: 115
74. Raleigh-Cary, NC
Overall Score: 41.13
Rent Prices: Rank: 35
Rent Affordability Rank: 162
Cost Inflators Rank: 108
93. Charlotte-Concord-Gastonia, NC-SC
Overall Score: 39.84
Rent Prices: Rank: 56
Rent Affordability Rank: 148
Cost Inflators Rank: 88
94. Fayetteville, NC
Overall Score: 39.77
Rent Prices: Rank: 89
Rent Affordability Rank: 77
Cost Inflators Rank: 114
99. Greensboro-High Point, NC
Overall Score: 39.47
Rent Prices: Rank: 81
Rent Affordability Rank: 100
Cost Inflators Rank: 110
108. Burlington, NC
Overall Score: 38.24
Rent Prices: Rank: 88
Rent Affordability Rank: 102
Cost Inflators Rank: 120
111. Augusta-Richmond County, GA-SC
Overall Score: 37.51
Rent Prices: Rank: 141
Rent Affordability Rank: 51
Cost Inflators Rank: 49
113. Greenville-Anderson, SC
Overall Score: 37.16
Rent Prices: Rank: 105
Rent Affordability Rank: 103
Cost Inflators Rank: 62
130. Winston-Salem, NC
Overall Score: 34.7
Rent Prices: Rank: 119
Rent Affordability Rank: 111
Cost Inflators Rank: 117
146. Greenville, NC
Overall Score: 32.26
Rent Prices: Rank: 164
Rent Affordability Rank: 80
Cost Inflators Rank: 122
161. Spartanburg, SC
Overall Score: 30.56
Rent Prices: Rank: 166
Rent Affordability Rank: 125
Cost Inflators Rank: 69
