GREENSBORO, N.C. (WGHP) -- Greensboro ranked #14 among U.S. cities that saw the largest month-to-month rent increases in an Apartment List report.
As rents have increased sharply in Greensboro, a few large cities nationwide have seen rents grow more modestly. Greensboro is still more affordable than most large cities across the country.
The current median rent for a one-bedroom in Greensboro is $1,077. For a two-bedroom in Greensboro, the median is $1,246. Nationally, the average for a two-bedroom is $1,339.
Rent in Greensboro went up 2.2% month-over-month in June, compared to a 1.3% increase seen across the nation.
This time last year, Greensboro's year-over-year rent growth was at 13.4%. It's now at 21.5%.
Greensboro had the 8th highest month-to-month rent increases among the top cities in the US.
Year-over-year growth in Greensboro ranks #8 among the nation's 100 largest cities, according to the report.
Since the start of the COVID-19 pandemic in March 2020, rent in Greensboro has increased by 41.7%
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