Rents are 9% below what Concord's 10-year trend predicts — a better deal than its own history suggests.
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 $1,784 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
January. Asking rents in Concord usually run 1.1% below trend in January and 1.1% above it in August, about $39 a month apart at today's median. Based on 11 years of data.
Rent in Concord is at its highest level since Zillow's records here began in January 2015.
Rent in Concord changed +2.4% over the year to September 2026. Across the 94 North Carolina cities Zillow tracks, the typical change was +2.9%.
From 2019 to 2024, rent in Concord rose 41.9% while median household income rose 27.9% ($67,984 to $86,921). Rent outpaced income.
Rent in Concord is 43.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($86,921) is $2,173 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,985); a 4-bedroom is $2,520.
Kannapolis, 7 miles away, rents for 12% less ($1,578/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Concord. 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.
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Who lives here
Concord, NC is majority owner-occupied, has a large share of families with children, 40.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Concord, NC has changed in 5 years
The median rent in Concord, NC stood at $1,356 in 2021 and currently runs about $1,784, reflecting a 31.6% increase over the period. Household income in the area moved from $78,775 to $86,921 across the same window, up 10.3% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.0% since 2021, moving from about 102,566 residents to roughly 108,719. Renters now make up 34.8% of households, compared with 29.4% five years ago. Reading these numbers side by side helps frame whether current listings in Concord, NC look reasonable against where the market sat half a decade ago.
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At $1,784/mo, how Concord rent compares to typical pay (30% rule).
Concord rent by bedroom count
Median rent for each apartment size in Concord. Click any size for full breakdown.
Tips for renters in Concord
Last updated: October 17, 2026
The median rent in Concord is $1,784/mo as of October 2026. A studio apartment averages $1,400/mo while a 2-bedroom runs $1,610/mo. One-bedroom apartments average $1,455/mo and 3-bedroom units go for $1,985/mo.
At 25% of local median household income ($86,921/yr), Concord ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Concord?
At $1,784/mo, rent takes ~25% of Concord's median household income ($86,921/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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