Rentometer, Inc. | Data as of 10/23/2025
The HickoryâLenoirâMorganton metro area offers a diverse rental landscape that blends suburban comfort with easy access to natural attractions and vibrant downtown districts. Renters can choose from modern apartment communities near Lake Hickory, historic homes in downtown Morganton, and familyâoriented neighborhoods in Lenoirâs growing suburbs. The regionâs mix of retailers, dining venues, and cultural eventsâsuch as the Hickory Heritage Festival and the annual Mountain Days celebrationâcreates a lively environment for both young professionals and growing families.
Apartment rentals in the metro area generally fall into wellâdefined price tiers. Studios typically sit in the $1,300 range, while oneâbedroom units hover around $1,200. Twoâbedroom apartments are commonly found near $1,400, and threeâbedroom options approach $1,800, reflecting the higher demand for spacious living in the vicinity of the Catawba River corridor. For those preferring a house, oneâbedroom homes average close to $1,100, twoâbedroom homes near $1,150, and threeâbedroom houses sit around $1,750. Larger fourâplusâbedroom homes can command rates in the $2,300â$2,600 bracket, especially in historic districts and near the scenic foothills of the Sauratown Mountains.
The area's strong rental market is supported by steady employment in manufacturing, healthcare, and education, alongside a growing tech presence in the Research Triangleâs extended reach. Proximity to outdoor recreationâsuch as hiking in the Pisgah National Forest, boating on Lake James, and winter sports at nearby ski resortsâadds appeal for renters seeking an active lifestyle. Whether you're searching for a convenient studio apartment, a familyâfriendly house, or a spacious home with mountain views, the HickoryâLenoirâMorganton metro region provides a balanced blend of affordability, amenities, and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $11,813 | $1,292 | $850 - $65,000 | $1,050 - $1,399 |
| Apartment | 1 Bedroom | $1,223 | $1,222 | $573 - $2,100 | $1,050 - $1,380 |
| Apartment | 2 Bedroom | $1,469 | $1,400 | $810 - $3,000 | $1,250 - $1,669 |
| Apartment | 3 Bedroom | $1,803 | $1,787 | $1,250 - $2,650 | $1,525 - $2,025 |
| House | 1 Bedroom | $1,032 | $1,100 | $675 - $1,295 | $795 - $1,295 |
| House | 2 Bedroom | $1,238 | $1,145 | $500 - $2,900 | $950 - $1,400 |
| House | 3 Bedroom | $1,789 | $1,750 | $228 - $3,250 | $1,590 - $2,000 |
| House | 4+ Bedroom | $2,643 | $2,350 | $1,500 - $5,000 | $2,150 - $2,700 |
In the current period, the average rent in Hickory-Lenoir-Morganton, NC was $11,814 for Studio, $1,209 for 1 Bedroom, $1,402 for 2 Bedroom, $1,794 for 3 Bedroom, and $2,563 for 4+ Bedroom.
Data provided by Rentometer, Inc.