Hickory Trace Village Apartments
1250 5th St NE,
Hickory, NC 28601
1-3 Beds | $979 - $1,639
Rental Market Trends in Hickory, NC
Updated September 2026
The average rent in Hickory, NC is $1,185/month.
Rent in Hickory is 29% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,185/month
Average Rent
725 Sq Ft
Average Size
+2%
Change / Year
304
Available Apartments
Hickory rent varies by unit size and layout:
- Studio apartments in Hickory average $701 per month.
- One-bedroom apartments in Hickory average $1,185 per month.
- Two-bedroom apartments in Hickory average $1,408 per month.
- Three-bedroom apartments in Hickory average $1,711 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hickory, NC?
In the past year, rent has increased by 2%, which averages out to $25 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Hickory, NC
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
20%
$700 - $1,000/month
48%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Hickory?
Based on current rent prices, Viewmont, Claremont and Downtown Hickory are the most affordable neighborhoods in Hickory.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hickory?
Based on current rent prices, Claremont, Downtown Hickory and Ridgeview 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 Claremont, Downtown Hickory and Ridgeview .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hickory, NC?
Because the average rent in Hickory is $1,185, you’ll want to make about $3,950 per month or $47,400 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 6.6% lower than the national average. Generally, housing in Hickory is 13.9% less expensive than the national average, with rent falling between $701 - $1,711. You can expect to pay 1.9% more for groceries, 7.3% less for utilities, and 5.1% 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.
View the Hickory Area GuideStudio
$738/month
-
One Bedroom
$1,086/month
-
Two Bedroom
$1,320/month
-
Three Bedroom
$1,875/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Hickory?
The average rent in Hickory is $1,185 per month, which is 28.8% lower than the national average of $1,664.
What is the average rent for a house in Hickory?
The average rent for a house in Hickory, NC is $1,686 per month.
What is the average rent for a townhome in Hickory?
The average rent for a townhome in Hickory, NC is $1,198 per month.
Are rents going up or down in Hickory?
Rents in Hickory, NC are increasing, with prices up 2.0% year-over-year and $25 more per month.
What rent range is most common in Hickory?
In Hickory, NC, 48% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.