How much does it cost to rent an apartment in Siler City?
Siler City Apartments
Bed TypeAverage RentRange
4+BR$1,690
$1,600 - $1,780
Frequently Asked Questions
How many apartments are available in Siler City, NC on Rentable.co?
Rentable.co has over 118 apartments available in Siler City.
Can I afford an apartment for rent in Siler City, NC?
Based on average rent prices in Siler City, to afford a four-bedroom apartment you would need an annual household income of $68,000 to live comfortably.
Welcome to the December 2024 Siler City 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 Siler City rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Siler City 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
Siler City average rent prices in the chart below.
Monthly Rent Report
$1,200
$900
$600
$300
$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 BR2 BR
Siler City Rent Prices Decrease From November to December
Siler City rent prices decreased over the last month. From November to December, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Siler City one-bedroom apartments currently stands at $900.0.
When we take a look at the two-bedroom comparison from November to December, Siler City experienced a -0.52% decrease for the price of a two-bedroom apartment. The rent price for a Siler City two-bedroom apartments currently stands at $1,144.0.
December Prices: Siler City vs. Surrounding Areas
Rent Prices in Siler City and Surrounding Areas
Rent prices have decreased in Siler City 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 Siler City 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 Siler City suburbs
Rents did not decrease in any of the Siler City suburbs.
December 2024 Pricing Trends: Siler City 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
Siler City Rent Prices More Affordable Than Major Cities
Rent growth in Siler City over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Siler City average rent prices appear to be
relatively affordable for local residents.
The price for a Siler City 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 Siler City and surrounding area rent prices, take a look at the complete data set below.
Data set for Siler City 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.