Morganton, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Morganton, North Carolina rental market.
Morganton, North Carolina
Average Apartment Rent
$1,456
Y-o-Y Change in Average
Apartment Rent
2.2%
As of May 2026
Compared to a year ago, Morganton, North Carolina apartments have recorded a 2.2% rent increase.
Morganton, North Carolina Average apartment rent trend
Morganton, North Carolina Average Apartment Rent
Morganton, North Carolina Apartment rent ranges
At 63.51%, apartments priced $1,000 - $1,500 represent the bulk of Morganton, North Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 36.49%.
Morganton, North Carolina Housing tenure**
Renters take up 48% of Morganton, North Carolina real estate, occupying a total of 3,128 units, while homeowners live in 3,341 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$26,835
Average household size of renter-occupied housing units**
2.45
Rental vacancy rate**
7%
Morganton, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 1,689 rentals in Morganton, North Carolina with 2 beds making up the highest share of the market, at 54%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 30 units. Overall, the median number of rooms in Morganton, North Carolina homes for rent is 4.2.
Morganton, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Morganton, North Carolina are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Morganton, North Carolina Renter-occupied housing units by family type**
Morganton, North Carolina Renter-occupied housing units by the presence of own children**
A total of 1,958 apartments for rent in Morganton, North Carolina, or 63% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 1,267 units. All in all, the median size of a renter-occupied household in Morganton, North Carolina is 2.45.
Morganton, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 31% of the homes for rent in Morganton, North Carolina.
Morganton, North Carolina Renter-occupied units by year structure built**
The highest share of Morganton, North Carolina apartment rentals, namely 25% or 770 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (18%, 552 units), and the ones Built 1960 - 1969 (14%, 433 units).
Morganton, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Morganton, North Carolina renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Morganton, North Carolina condos for rent is 2018.
Morganton, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Morganton, North Carolina renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 18% have No vehicle available.
Morganton, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Morganton, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Morganton, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
