Spring Lake, 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 Spring Lake, North Carolina rental market.
Spring Lake, North Carolina
Average Apartment Rent
$1,275
Y-o-Y Change in Average
Apartment Rent
2.1%
As of May 2026
Compared to a year ago, Spring Lake, North Carolina apartments have recorded a 2.1% rent increase.
Spring Lake, North Carolina Average apartment rent trend
Spring Lake, North Carolina Average Apartment Rent
Spring Lake, North Carolina Apartment rent ranges
At 89.23%, apartments priced $1,000 - $1,500 represent the bulk of Spring Lake, North Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.53%.
Spring Lake, North Carolina Housing tenure**
Renters take up 78% of Spring Lake, North Carolina real estate, occupying a total of 3,472 units, while homeowners live in 985 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$44,370
Average household size of renter-occupied housing units**
2.48
Rental vacancy rate**
6.3%
Spring Lake, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 1,410 rentals in Spring Lake, North Carolina with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 36 units. Overall, the median number of rooms in Spring Lake, North Carolina homes for rent is 4.4.
Spring Lake, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Spring Lake, North Carolina are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 15 - 24 years age group (25%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Spring Lake, North Carolina Renter-occupied housing units by family type**
Spring Lake, North Carolina Renter-occupied housing units by the presence of own children**
A total of 2,172 apartments for rent in Spring Lake, North Carolina, or 63% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 1,292 units. All in all, the median size of a renter-occupied household in Spring Lake, North Carolina is 2.48.
Spring Lake, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Spring Lake, North Carolina.
Spring Lake, North Carolina Renter-occupied units by year structure built**
The highest share of Spring Lake, North Carolina apartment rentals, namely 21% or 742 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (21%, 720 units), and the ones Built 1990 - 1999 (16%, 550 units).
Spring Lake, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Spring Lake, North Carolina renters (53%) moved in 2018 to 2020, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Spring Lake, North Carolina condos for rent is 2019.
Spring Lake, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Spring Lake, North Carolina renters have 1 vehicle available per household, 41% of them have 2 vehicles available, and 8% have No vehicle available.
Spring Lake, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Spring Lake, 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 Spring Lake, 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
