FOX8 High School Scoreboard

Greensboro apartment rental rates rising, but remain affordable compared with other cities

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

GREENSBORO, N.C. — The cost of renting an apartment in Greensboro is growing nearly as quickly as it is in cities such as Raleigh and Durham.

Although Greensboro placed fifth in the state for price growth in February compared with February 2015, Greensboro’s 4.9 percent rent growth was in a virtual dead heat with Raleigh at 5 percent and Durham at 5.2 percent, according to a new report by Apartmentlist.com.

But the cost of renting an apartment in Greensboro, despite the increase, remains far lower than renting an apartment in those other cities.

The growing popularity of Asheville’s youthful culture has pushed rents up by nearly 7 percent in February compared to this time last year, making its rental rates the most expensive in the state.

Read more: Greensboro News & Record

By Tim Rickard/tim.rickard@greensboro.com

By Tim Rickard/tim.rickard@greensboro.com