198 Milltown Apartments
198 Milltown St,
Burlington, NC 27215
1-3 Beds | $1,299 - $1,952
Rental Market Trends in Burlington, NC
What is the average rent in Burlington, NC?
$1,175/month
Average Rent
725 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of January 2025, the average rent in Burlington, NC is $1,175 per month. This is 24% lower than the national average rent of $1,554/month, making renting in Burlington more affordable than most cities in the US. When you rent an apartment in Burlington, you can expect to pay about $887 per month for a studio, $1,175 for a one-bedroom apartment, and around $1,347 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,564 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Burlington, NC?
In the past year, rent has increased by 2.4%, which averages out to $29 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Burlington, NC
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
12%
$700 - $1,000/month
68%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Burlington?
Based on current rent prices, North Burlington and Downtown Burlington" are the most affordable neighborhoods in Burlington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Burlington?
Based on current rent prices, Downtown Burlington and North Burlington" are the most expensive neighborhoods in Burlington.
Neighborhood
Average Rent
Average Sq Ft
Which Burlington neighborhoods have the most rentals available?
The neighborhoods in Burlington with the most apartments available are North Burlington and Downtown Burlington" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Burlington, NC?
Because the average rent in Burlington is $1,175, you’ll want to make about $3,916 per month or $46,992 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Burlington, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Burlington, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$854/month
$837/month
One Bedroom
$1,017/month
$1,138/month
Two Bedroom
$1,240/month
$1,291/month
Three Bedroom
$1,372/month
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Nearby City Rent Trends
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Apartment Dynamics
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36
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5,556
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22
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102
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Bell Partners
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Hawthorne Residential Partners
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255
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Greystar
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3,229
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892,662
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Peak Realty Management
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15
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1,340
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10
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BH
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331
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90,983
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196
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1 Community in Burlington
Monarch Investment and Management Group
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306
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74,903
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.