Rents are 12% below what Kannapolis'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 $1,646 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: August 17, 2026
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Who lives here
Kannapolis, NC is majority owner-occupied, 29.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Kannapolis, NC has changed in 5 years
Rent in Kannapolis, NC has increased 34.8% since 2021, going from about $1,221 per month to roughly $1,646 today. Median household income grew from $58,084 to $73,836 between 2021 and 2024, a 27.1% shift. Rent outpaced income growth by roughly 7.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 52,173 to 57,890 between 2021 and 2024, a 11.0% change. About 34.4% of households rent today, against 37.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.1% to 29.7%. Taken together, the five-year picture in Kannapolis, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Kannapolis on your salary?
At $1,646/mo, how Kannapolis rent compares to typical pay (30% rule).
Kannapolis rent by bedroom count
Median rent for each apartment size in Kannapolis. Click any size for full breakdown.
Tips for renters in Kannapolis
Last updated: August 17, 2026
The median rent in Kannapolis is $1,646/mo as of August 2026. A studio apartment averages $1,185/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,220/mo and 3-bedroom units go for $1,750/mo.
At 27% of local median household income ($73,836/yr), Kannapolis ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
Is Kannapolis an affordable city for renters?
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Which Kannapolis neighborhoods have the lowest rent?
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What percentage of Kannapolis residents rent vs. own?
How does Kannapolis rent compare to the national average?
At $1,646/mo, rent takes ~27% of Kannapolis's median household income ($73,836/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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