City Report · NC

Clayton

Pop. 29,320·44th most expensive in North Carolina·Rental market data updated monthly for Clayton, NC
Median rent (all units)
$1,797/mo
Year-over-Year
+2.3%
Month-over-Month
+0.8%
vs US Median
-$135
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Clayton · $1,797
More affordable than 53% of US cities · National median $1,932/mo
Rent Reality Score
67/100
Good value
OverheatedFairGreat value

Rents are 9% below what Clayton's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,797/mo
Expected by trend
$1,969/mo
The Rent Reality Score compares today's median rent to where Clayton's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,495
1 BR
$1,555
2 BR
$1,720
3 BR
$2,140
4 BR+
$2,890
Fair Market Rent (HUD)
$1,720/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,797 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in Clayton usually run 0.8% below trend in February and 0.5% above it in August, about $23 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in Clayton is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of North Carolina

Rent in Clayton changed +2.3% over the year to September 2026. Across the 94 North Carolina cities Zillow tracks, the typical change was +2.9%.

Rent vs. income since 2019

From 2019 to 2024, rent in Clayton rose 36% while median household income rose 25.8% ($62,676 to $78,822). Rent outpaced income.

Since before the pandemic

Rent in Clayton is 37.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 8 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($78,822) is $1,971 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,720); a 3-bedroom is $2,140.

Cheaper nearby

Raleigh, 18 miles away, rents for 13% less ($1,572/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for Clayton. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$21,564/yr
At $1,797/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.3% YoY, +0.8% MoM), not inventory.
Rent check

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Demographics

Who lives here

Clayton, NC is majority owner-occupied, has a large share of families with children, 40.4% of residents hold a bachelor's degree or higher.

Population
29,320
Median income
$78,822
Median age
33
Renters
37.3%
Age distribution
26.2%
26.2%
27.2%
Under 1826.2%
18–3426.2%
35–5427.2%
55–6410.3%
65+10.2%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
58.6%
27.7%
13.2%
White58.6%
Black27.7%
Hispanic13.2%
Asian0.7%
Education (25+)
23.1%
32%
40.4%
No HS diploma4.4%
HS diploma23.1%
Some college32%
Bachelor's+40.4%
Housing tenure
62.7%
37.3%
Owner62.7%
Renter37.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Clayton, NC has changed in 5 years

Rent
$1,449 → $1,797
up 24.0%
Income
$63,166 → $78,822
up 24.8%
Population
25,486 → 29,320
up 15.0%
Renter share
34.3% → 37.3%
+3.0 pts
Bachelor's+
29.5% → 40.4%
+10.9 pts
Median age
33.9 → 33
-0.9 yrs

The median rent in Clayton, NC stood at $1,449 in 2021 and currently runs about $1,797, reflecting a 24.0% increase over the period. Household income in the area moved from $63,166 to $78,822 across the same window, up 24.8% versus 2021. The population has grown by 15.0% since 2021, moving from about 25,486 residents to roughly 29,320. Renters now make up 37.3% of households, compared with 34.3% five years ago. College-educated residents now make up 40.4% of adults here, versus 29.5% in 2021. Reading these numbers side by side helps frame whether current listings in Clayton, NC look reasonable against where the market sat half a decade ago.

Community

Discussions about Clayton

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View Clayton rent history (2015–2026) →
Salary vs rent

Can you afford rent in Clayton on your salary?

At $1,797/mo, how Clayton rent compares to typical pay (30% rule).

By apartment size

Clayton rent by bedroom count

Median rent for each apartment size in Clayton. Click any size for full breakdown.

Local insights

Tips for renters in Clayton

About renting in Clayton, NC

Last updated: October 17, 2026

The median rent in Clayton is $1,797/mo as of October 2026. A studio apartment averages $1,495/mo while a 2-bedroom runs $1,720/mo. One-bedroom apartments average $1,555/mo and 3-bedroom units go for $2,140/mo.

At 27% of local median household income ($78,822/yr), Clayton ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Clayton?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,797/mo in Clayton. The local median household income is $78,822/yr, so the typical household meets that bar.

Is rent going up or down in Clayton?

Rent in Clayton has risen 2.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in Clayton?

Asking rents in Clayton are usually lowest in February, about 0.8% below their yearly trend, and highest in August, about 0.5% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in Clayton?

Yes. From 2019 to 2024, rent in Clayton rose 36% while median household income rose 25.8%, from $62,676 to $78,822. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

Which Clayton neighborhoods have the lowest rent?

The most affordable ZIP codes in Clayton are 27520 ($1,767/mo), and 27527 ($1,797/mo). Citywide, the median rent is $1,797/mo.

How does Clayton rent compare to other cities in North Carolina?

Clayton is in the middle among North Carolina cities for rent, ranking #44 of 129 tracked cities at $1,797/mo. Over the year to September 2026, rent in Clayton changed +2.3%, against a typical +2.9% across the 94 North Carolina cities Zillow tracks.

Which nearby cities are cheaper to rent in than Clayton?

Nearby cities with lower median rent than Clayton ($1,797/mo) include Smithfield ($1,640/mo), and Knightdale ($1,698/mo).
Income Affordability
27%
AFFORDABLE

At $1,797/mo, rent takes ~27% of Clayton's median household income ($78,822/yr). The standard benchmark is 30%.

Clayton 27%Benchmark 30%
State income tax4.5%
Run the Clayton affordability calculator →
Lowest-rent ZIP codes in Clayton
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Clayton, NC

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