Apartments in Spring Hill Concord

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$1,275 - 2,500
129 Tarrymore Ln SW Concord, NC
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$1,395
Concord, NC
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1
$1,395
Concord, NC
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1
$1,395
Concord, NC
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1
$1,395
Concord, NC
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$1,395
Concord, NC
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$1,550
Concord, NC
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7
$1,595
615 Hyde Park Dr Ne Concord, NC
3 BR | Available Now
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Concord:
December Rent Report

Welcome to the December 2024 Concord Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Concord rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Concord and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Concord average rent prices in the chart below.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Concord Rent Prices Increase From November to December

Concord rent prices increased over the last month. From November to December, the city experienced a 0.43% increase for the price of a one-bedroom apartment. The rent price for a Concord one-bedroom apartments currently stands at $1,173.0.

When we take a look at the two-bedroom comparison from November to December, Concord experienced a -0.96% decrease for the price of a two-bedroom apartment. The rent price for a Concord two-bedroom apartments currently stands at $1,443.0.

December Prices: Concord vs. Surrounding Areas

Rent Prices in Concord and Surrounding Areas

Rent prices have increased in Concord over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Concord suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Concord suburbs

  • Rents did not decrease in any of the Concord suburbs.

December 2024 Pricing Trends: Concord vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Concord Rent Prices More Affordable Than Major Cities

Rent growth in Concord over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Concord average rent prices appear to be relatively affordable for local residents.

The price for a Concord one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Concord and surrounding area rent prices, take a look at the complete data set below.

Data set for Concord and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.