Rentometer, Inc. | Data as of 10/22/2025
Albemarle’s rental market blends the charm of a historic North Carolina city with a variety of housing options that cater to both individuals and growing families. The city’s compact downtown, lined with restored brick buildings, boutique eateries, and cultural venues, attracts renters seeking a walkable lifestyle. At the same time, the surrounding neighborhoods offer quiet streets and easy access to the scenic foothills near Lake James, making Albemarle a desirable choice for those who value both convenience and natural beauty.
Single‑family homes dominate the market, with two‑bedroom houses typically priced in the $1,100‑$1,300 range and three‑bedroom homes often seen in the $1,700‑$1,800 bracket. These properties provide ample space for families and professionals who work remotely or commute to nearby larger cities. In addition, a modest selection of apartments and low‑rise multifamily buildings adds flexibility for renters seeking lower‑maintenance living arrangements, often positioned near the city’s main thoroughfares and public transportation links.
Key neighborhoods such as the historic Oakwood district and the newer Riverview area offer distinct living experiences—from period architecture with modern updates to newer developments with community amenities like parks and bike trails. Proximity to Randolph Community College, local medical centers, and a growing job market further strengthens Albemarle’s appeal. Whether you’re looking for a family‑friendly house, a convenient city apartment, or a residence close to outdoor recreation, Albemarle’s rental landscape provides a balanced mix of affordability, amenities, and community spirit.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| House | 2 Bedroom | $1,180 | $1,197 | $925 - $1,400 | $1,100 - $1,400 |
| House | 3 Bedroom | $1,765 | $1,700 | $1,395 - $2,200 | $1,395 - $2,200 |
In the current period, the average rent in Albemarle was
$1,164 for 2 Bedroom, and
$1,765 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.