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Rental Market Trends in Smithfield, NC

What is the average rent in Smithfield, NC?

$666/month

Average Rent

600 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of January 2026, the average rent in Smithfield, NC is $666 per month. This is 59% lower than the national average rent of $1,624/month, making renting in Smithfield more affordable than most cities in the US. When you rent an apartment in Smithfield, you can expect to pay about per month for a studio, $666 for a one-bedroom apartment, and around $1,014 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,805 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$666/month
600 Sq Ft
Two Bedroom
$1,014/month
1,023 Sq Ft
Three Bedroom
$1,805/month
1,390 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,767/month
1,484 Sq Ft
Four Bedroom
$2,103/month
1,083 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,656/month
1,409 Sq Ft

How much has average rent changed in Smithfield, NC?

In the past year, rent has increased by 0.8%, which averages out to $6 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 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Smithfield, NC
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Smithfield, NC
Percentage*
Rent Range
20% Below $700/month
20% $700 - $1,000/month
40% $1,001 - $1,500/month
20% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Smithfield is $666, you’ll want to make about $2,220 per month or $26,640 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

Smithfield, NC

45 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Smithfield, 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 Smithfield, NC

Apartment Averages

Nearby City Rent Trends

  • Clayton Average Rent
  • Benson Average Rent

Apartment communities in Smithfield we think you'll love

98 Jade St

98 Jade St

98 Jade St,
Smithfield, NC 27577

$1,700

3 Beds

120 Clear Water Dr

120 Clear Water Dr

120 Clear Water Dr,
Smithfield, NC 27577

$1,650

3 Beds

62 Dropseed Ln

62 Dropseed Ln

62 Dropseed Ln,
Smithfield, NC 27577

$1,865

3 Beds

110 E Crestview Dr

110 E Crestview Dr

110 E Crestview Dr,
Smithfield, NC 27577

$1,410

3 Beds

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United States North Carolina Smithfield 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity