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Rent Prices in Morganton, NC
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $944/mo
- North Carolina $1,228/mo
- 2-bedroom median rent
- $938/mo
- North Carolina $1,164/mo
- Renters paying 30%+ of income
- 48.0%
- North Carolina 48.9%
- Renter households
- 3,122
- North Carolina 1,428,852
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | Not reported |
| 1 bedroom | $681/mo |
| 2 bedrooms | $938/mo |
| 3 bedrooms | $1,070/mo |
| 4 bedrooms | Not reported |
| 5 or more bedrooms | Not reported |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income1,37748.0%
- Pay 50% or more of income74626.0%
The median renter household spends 29.4% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Hickory-Lenoir-Morganton, NC MSA
2 bedrooms: $1,147/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Morganton, NC | $944/mo | $681/mo | $938/mo | $1,070/mo | 48.0% |
| Burke County | $884/mo | $560/mo | $871/mo | $915/mo | 36.9% |
| North Carolina | $1,228/mo | $1,155/mo | $1,164/mo | $1,321/mo | 48.9% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Morganton, NC?
- The median gross rent in Morganton, NC is $944 a month, and a typical 2-bedroom rents for $938/mo.
- How does Morganton compare with North Carolina?
- The median rent in Morganton is $944/mo, compared with $1,228/mo for North Carolina as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates