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Rental Market Trends in Kannapolis, NC

What is the average rent in Kannapolis, NC?

$1,357/month

Average Rent

753 Sq Ft

Average Apartment Size

-2.4%

Decrease in the Last Year

As of April 2026, the average rent in Kannapolis, NC is $1,357 per month. This is 17% lower than the national average rent of $1,641/month, making renting in Kannapolis more affordable than most cities in the US. When you rent an apartment in Kannapolis, you can expect to pay about $1,191 per month for a studio, $1,357 for a one-bedroom apartment, and around $1,613 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,737 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,191/month
491 Sq Ft
One Bedroom
$1,357/month
753 Sq Ft
Two Bedroom
$1,613/month
1,110 Sq Ft
Three Bedroom
$1,737/month
1,282 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,342/month
705 Sq Ft
Three Bedroom
$1,924/month
1,430 Sq Ft
Four Bedroom
$2,546/month
2,233 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,255/month
674 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,435/month
1,135 Sq Ft
Three Bedroom
$1,893/month
1,412 Sq Ft

How much has average rent changed in Kannapolis, NC?

In the past year, rent has decreased by 2.4%, which averages out to $33 less 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 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Kannapolis, NC
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Kannapolis, NC
Percentage*
Rent Range
0% Below $700/month
5% $700 - $1,000/month
55% $1,001 - $1,500/month
35% $1,501 - $2,000/month
5% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Kannapolis?

Based on current rent prices, Old Earnhardt, Kellswater Commons and Northlight are the most affordable neighborhoods in Kannapolis.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Old Earnhardt
$1,391/month
773 Sq Ft
Kellswater Commons
$1,409/month
876 Sq Ft
Northlight
$1,427/month
785 Sq Ft
Downtown Kannapolis
$1,607/month
694 Sq Ft

What are the most expensive neighborhoods in Kannapolis?

Based on current rent prices, Downtown Kannapolis, Northlight and Kellswater Commons are the most expensive neighborhoods in Kannapolis.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Kannapolis
$1,607/month
694 Sq Ft
Northlight
$1,427/month
785 Sq Ft
Kellswater Commons
$1,409/month
876 Sq Ft
Old Earnhardt
$1,391/month
773 Sq Ft

Which Kannapolis neighborhoods have the most rentals available?

The neighborhoods in Kannapolis with the most apartments available are Downtown Kannapolis, Kellswater Commons and Old Earnhardt .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Kannapolis
$1,607/month
694 Sq Ft
Kellswater Commons
$1,409/month
876 Sq Ft
Old Earnhardt
$1,391/month
773 Sq Ft
Northlight
$1,427/month
785 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Kannapolis, NC?

Because the average rent in Kannapolis is $1,357, you’ll want to make about $4,523 per month or $54,276 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.

City

Kannapolis, NC

874 Available Apartments for Rent

Search for Nearby Apartments

How does Kannapolis, NC compare to other nearby cities and neighborhoods?

Use the tool below to compare Kannapolis, 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.

Explore the Area Guide for Kannapolis, NC

Apartment Averages

Old Earnhardt

Kannapolis, NC

Downtown Kannapolis

Kannapolis, NC

Studio
-
$1,332/month
One Bedroom
$1,238/month
$1,568/month
Two Bedroom
$1,473/month
$1,716/month
Three Bedroom
$1,919/month
$2,431/month
Search
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Nearby City Rent Trends

  • Concord Average Rent
  • Huntersville Average Rent
  • Mooresville Average Rent
  • Cornelius Average Rent

Apartment communities in Kannapolis we think you'll love

Graces Reserve

Graces Reserve

900 Graces Reserve Cir,
Kannapolis, NC 28083

$1,390 - $2,530

1-3 Beds

The Elliott

The Elliott

4600 Mba Ct,
Concord, NC 28027

$1,390 - $2,115

1-3 Beds

Legacy Concord Apartments

Legacy Concord Apartments

5020 Avent Dr NW,
Concord, NC 28027

$1,375 - $3,059

1-3 Beds

Creek Mill Apartments

Creek Mill Apartments

11111 Mill Spring Ln,
Concord, NC 28027

$1,375 - $2,675

1-3 Beds

Property Management Companies in Kannapolis, NC

Apartment Dynamics
Apartment Dynamics
  • 49

    Communities

  • 6,878

    Units

  • 25

    Cities

3 Communities in Kannapolis
Morgan Properties
Morgan Properties
  • 391

    Communities

  • 108,355

    Units

  • 238

    Cities

2 Communities in Kannapolis
Redwood Living
Redwood Living
  • 144

    Communities

  • 19,026

    Units

  • 116

    Cities

2 Communities in Kannapolis
Hawthorne Residential Partners
Hawthorne Residential Partners
  • 248

    Communities

  • 59,853

    Units

  • 111

    Cities

2 Communities in Kannapolis
Peak Capital Partners
Peak Capital Partners
  • 75

    Communities

  • 13,188

    Units

  • 63

    Cities

2 Communities in Kannapolis
Greystar
Greystar
  • 3,487

    Communities

  • 959,658

    Units

  • 891

    Cities

1 Community in Kannapolis
Highmark Residential
Highmark Residential
  • 208

    Communities

  • 60,049

    Units

  • 114

    Cities

1 Community in Kannapolis
Pegasus Residential
Pegasus Residential
  • 198

    Communities

  • 48,604

    Units

  • 111

    Cities

1 Community in Kannapolis

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United States North Carolina Kannapolis Rental Trends

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 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.

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Equal Housing Opportunity