Hickory Trace Village Apartments
1250 5th St NE,
Hickory, NC 28601
1-3 Beds | $929 - $1,320
Rental Market Trends in Hickory, NC
What is the average rent in Hickory, NC?
$1,131/month
Average Rent
745 Sq Ft
Average Apartment Size
+3.8%
Increase in the Last Year
As of April 2025, the average rent in Hickory, NC is $1,131 per month. This is 28% lower than the national average rent of $1,576/month, making renting in Hickory more affordable than most cities in the US. When you rent an apartment in Hickory, you can expect to pay about $824 per month for a studio, $1,131 for a one-bedroom apartment, and around $1,364 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,609 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 Hickory, NC?
In the past year, rent has increased by 3.8%, which averages out to $43 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 April 2025
Legend
2024
2025
Rent Ranges in Hickory, NC
Last Updated April 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
20%
Below $700/month
15%
$700 - $1,000/month
46%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most expensive neighborhoods in Hickory?
Based on current rent prices, Hickory/Morganton, Claremont and Downtown Hickory are the most expensive neighborhoods in Hickory.
Neighborhood
Average Rent
Average Sq Ft
Which Hickory neighborhoods have the most rentals available?
The neighborhoods in Hickory with the most apartments available are Highland, Hickory/Morganton and Claremont .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hickory, NC?
Because the average rent in Hickory is $1,131, you’ll want to make about $3,770 per month or $45,240 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.
Cost of Living
The cost of living in Hickory, NC is 6.1% lower than the national average. Generally, housing in Hickory is 10.5% less expensive than the national average, with rent falling between $824 - $1,609. You can expect to pay 0.3% more for groceries, 8.4% less for utilities, and 2.3% less for transportation.
How does Hickory, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Hickory, 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
-
$809/month
One Bedroom
$520/month
$1,058/month
Two Bedroom
$1,655/month
$1,200/month
Three Bedroom
-
$1,505/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.