At $1,038/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,038 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Asheboro changed +7.8% over the year to September 2026. Across the 94 North Carolina cities Zillow tracks, the typical change was +2.9%.
Rent has risen 11 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($47,197) is $1,180 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,060); a 3-bedroom is $1,350.
From Zillow's monthly rent index (ZORI) for Asheboro. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Asheboro, NC is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 19.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Asheboro, NC has changed in 5 years
Household income in the area moved from $40,571 to $47,197 across the same window, up 16.3% versus 2021. Census counts show Asheboro, NC adding about 851 residents over the five-year window, up 3.2% on net. The renter share has risen from 52.1% to 54.5%, with owner-occupied housing accounting for the remainder.
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Can you afford rent in Asheboro on your salary?
At $1,038/mo, how Asheboro rent compares to typical pay (30% rule).
Asheboro rent by bedroom count
Median rent for each apartment size in Asheboro. Click any size for full breakdown.
Tips for renters in Asheboro
Last updated: October 17, 2026
The median rent in Asheboro is $1,038/mo as of October 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,060/mo. One-bedroom apartments average $940/mo and 3-bedroom units go for $1,350/mo.
At 26% of local median household income ($47,197/yr), Asheboro ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.
Frequently asked questions
How much income do you need to rent in Asheboro?
Is rent going up or down in Asheboro?
How does Asheboro rent compare to other cities in North Carolina?
At $1,038/mo, rent takes ~26% of Asheboro's median household income ($47,197/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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