Salisbury, North Carolina Rental Market Trends

Disclaimer:

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 Salisbury, North Carolina rental market.

Salisbury, North Carolina

Average Apartment Rent

$1,244

Y-o-Y Change in Average
Apartment Rent

-3%

As of June 2026

Compared to a year ago, Salisbury, North Carolina apartments have recorded a -3% rent decrease.

Salisbury, North Carolina Average apartment rent trend

Median Rent Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Salisbury $1,217 $1,251 $1,301 $1,294 $1,271 $1,264 $1,259 $1,269
National $1,721 $1,725 $1,747 $1,739 $1,746 $1,761 $1,748 $1,750
Salisbury
National
Nov 2023
$1,217
$1,721
Mar 2024
$1,251
$1,725
Jul 2024
$1,301
$1,747
Nov 2024
$1,294
$1,739
Mar 2025
$1,271
$1,746
Jul 2025
$1,264
$1,761
Nov 2025
$1,259
$1,748
Mar 2026
$1,269
$1,750

Salisbury, North Carolina Average Apartment Rent

Salisbury, North Carolina Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 69.8%, apartments priced $1,000 - $1,500 represent the bulk of Salisbury, North Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 13.75%.

Salisbury, North Carolina Housing tenure**

Renter occupied housing units 6,460
Owner occupied housing units 6,798

Renters take up 49% of Salisbury, North Carolina real estate, occupying a total of 6,460 units, while homeowners live in 6,798 properties.

Median number of rooms of renter-occupied housing units**

4.4

Renter median household income**

$31,173

Average household size of renter-occupied housing units**

2.34

Rental vacancy rate**

3.8%

Salisbury, North Carolina Renter-occupied housing units by no. of bedrooms**

No bedrooms 211
1 bed 909
2 beds 3,019
3 beds 1,804
4 beds 483
5 or more beds 34

There are 3,019 rentals in Salisbury, North Carolina with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 34 units. Overall, the median number of rooms in Salisbury, North Carolina homes for rent is 4.4.

Salisbury, North Carolina Renter-occupied units by age of householder**

15 - 24 years 514
25 - 34 years 1,478
35 - 44 years 977
45 - 54 years 1,400
55 - 59 years 386
60 - 64 years 417
65 - 74 years 809
75 - 84 years 321
85 years and over 158

Most condos for rent in Salisbury, North Carolina are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 45 - 54 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.

Salisbury, North Carolina Renter-occupied housing units by family type**

Family households 3,408
Non-Family Households 3,052

Salisbury, North Carolina Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 2,339
No related children of the householder under 18 4,121

A total of 3,408 apartments for rent in Salisbury, North Carolina, or 53% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 2,339 units. All in all, the median size of a renter-occupied household in Salisbury, North Carolina is 2.34.

Salisbury, North Carolina Renter-occupied housing units by educational attainment**

Less than high school graduate 832
High school graduate (including equivalency) 1,993
Some college or associate's degree 2,541
Bachelor's degree or higher 1,094

In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Salisbury, North Carolina.

Salisbury, North Carolina Renter-occupied units by year structure built**

Built 2010 - 2019 560
Built 2000 - 2009 999
Built 1990 - 1999 750
Built 1980 - 1989 792
Built 1970 - 1979 969
Built 1960 - 1969 828
Built 1950 - 1959 515
Built 1940 - 1949 225
Built 1939 or earlier 822

The highest share of Salisbury, North Carolina apartment rentals, namely 15% or 999 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (15%, 969 units), and the ones Built 1960 - 1969 (13%, 828 units).

Salisbury, North Carolina Renter-occupied units by year householder moved in**

Moved in 2021 or later 422
Moved in 2018 to 2020 2,429
Moved in 2010 to 2017 2,970
Moved in 2000 to 2009 472
Moved in 1990 to 1999 120
Moved in 1989 or earlier 47

Median year renter moved into unit 2017

Most Salisbury, North Carolina renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Salisbury, North Carolina condos for rent is 2017.

Salisbury, North Carolina Renter-occupied housing units by vehicles available**

No vehicle available 1,218
1 vehicle available 3,262
2 vehicles available 1,386
3 or more vehicles available 594

When it comes to transportation options, 50% of Salisbury, North Carolina renters have 1 vehicle available per household, 21% of them have 2 vehicles available, and 19% have No vehicle available.

Salisbury, North Carolina Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 4,479
Car, truck, or van - carpooled 1,004
Public transportation (excluding taxicab) 54
Walked 162
Taxicab, motorcycle, bicycle, or other means 164
Worked at home 265

Salisbury, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 12,234
Moved within same county 1,304
Moved from different county within same state 747
Moved from different state 440
Moved from abroad 154

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 Salisbury, 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

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