Apartments in Princeton Manor Knightdale

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1
$1,350
Knightdale, NC
2 BR | Available Now
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32
$600
5501 Oregon Landing Pl Raleigh, NC
1 BR | Available Now
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Maybrook
0
$1,795
6312 Little Drew Ln Raleigh, NC
3 BR | Available Now
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Maybrook
1
$2,100
2531 Crescent Forest Dr Raleigh, NC
4 BR | Dec. 27, 2024
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Knightdale:
December Rent Report

Welcome to the December 2024 Knightdale 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 Knightdale rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Knightdale 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 Knightdale average rent prices in the chart below.

Monthly Rent Report

$1,700
$1,280
$850
$430
$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

Knightdale Rent Prices Decrease From November to December

Knightdale rent prices decreased over the last month. From November to December, the city experienced a -3.67% decrease for the price of a one-bedroom apartment. The rent price for a Knightdale one-bedroom apartments currently stands at $1,232.0.

When we take a look at the two-bedroom comparison from November to December, Knightdale experienced a -1.49% decrease for the price of a two-bedroom apartment. The rent price for a Knightdale two-bedroom apartments currently stands at $1,525.0.

December Prices: Knightdale vs. Surrounding Areas

Rent Prices in Knightdale and Surrounding Areas

Rent prices have decreased in Knightdale 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 Knightdale 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 Knightdale suburbs

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

December 2024 Pricing Trends: Knightdale 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

Knightdale Rent Prices More Affordable Than Major Cities

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

The price for a Knightdale 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 Knightdale and surrounding area rent prices, take a look at the complete data set below.

Data set for Knightdale 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.