How many apartments are available in Troutman, NC on Rentable.co?
Rentable.co has over 109 apartments available in Troutman.
Can I afford an apartment for rent in Troutman, NC?
Based on average rent prices in Troutman, to afford a three-bedroom apartment you would need an annual household income of $54,000 to live comfortably.
Welcome to the November 2024 Troutman Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
November 2024 key findings and figures for the Troutman rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Troutman 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
Troutman average rent prices in the chart below.
Monthly Rent Report
$1,350
$1,010
$680
$340
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR2 BR
Troutman Rent Prices Decrease From October to November
Troutman rent prices decreased over the last month. From October to November, the city experienced a -0.56% decrease for the price of a one-bedroom apartment. The rent price for a Troutman one-bedroom apartments currently stands at $1,069.0.
When we take a look at the two-bedroom comparison from October to November, Troutman experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Troutman two-bedroom apartments currently stands at $1,300.0.
November Prices: Troutman vs. Surrounding Areas
Rent Prices in Troutman and Surrounding Areas
Rent prices have decreased in Troutman 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 Troutman 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 Troutman suburbs
Rents did not decrease in any of the Troutman suburbs.
November 2024 Pricing Trends: Troutman vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent
Troutman Rent Prices More Affordable Than Major Cities
Rent growth in Troutman over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Troutman average rent prices appear to be
relatively affordable for local residents.
The price for a Troutman 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 Troutman and surrounding area rent prices, take a look at the complete data set below.
Data set for Troutman and suburbs
1 BR November
1 BR M/M % Change
2 BR November
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.