How many apartments are available in Lillington, NC on Rentable.co?
Rentable.co has over 277 apartments available in Lillington.
Can I afford an apartment for rent in Lillington, NC?
Based on average rent prices in Lillington, to afford a three-bedroom apartment you would need an annual household income of $68,000 to live comfortably.
Welcome to the March 2024 Lillington Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
March 2024 key findings and figures for the Lillington rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Lillington 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
Lillington average rent prices in the chart below.
Monthly Rent Report
$1,600
$1,200
$800
$400
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR2 BR
Lillington Rent Prices Decrease From February to March
Lillington rent prices decreased over the last month. From February to March, the city experienced a -3.19% decrease for the price of a one-bedroom apartment. The rent price for a Lillington one-bedroom apartments currently stands at $1,152.0.
When we take a look at the two-bedroom comparison from February to March, Lillington experienced a -7.65% decrease for the price of a two-bedroom apartment. The rent price for a Lillington two-bedroom apartments currently stands at $1,050.0.
March Prices: Lillington vs. Surrounding Areas
Rent Prices in Lillington and Surrounding Areas
Rent prices have decreased in Lillington 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 Lillington 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 Lillington suburbs
Rents did not decrease in any of the Lillington suburbs.
March 2024 Pricing Trends: Lillington vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Lillington Rent Prices More Affordable Than Major Cities
Rent growth in Lillington over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Lillington average rent prices appear to be
relatively affordable for local residents.
The price for a Lillington 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 Lillington and surrounding area rent prices, take a look at the complete data set below.
Data set for Lillington and suburbs
1 BR March
1 BR M/M % Change
2 BR March
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.