Apartments for rent in North Carolina are much less expensive than the national average. The price of a studio averages $470 per month, which is $530 below the national average and a difference of 43 percent. The price of a one-bedroom averages $620 per month, which is $243 below the national average and a difference of 28 percent.

Larger NC apartments for rent follow the same trends. The price of a two-bedroom averages $688 per month, which is $361 less the national average and a difference of 34.5 percent. The price of a three-bedroom averages $838 per month, which is $475 below the national average and a difference of 36 percent.

If you're searching for apartments for rent in North Carolina you should know that the trends vary depending on which city or county you're looking at. The most expensive North Carolina apartment rental is in Arden, followed by Apex, Chapel Hill and Morrisville. The cheapest North Carolina apartment rentals are in Rocky Mount, followed by Greenville, Sanford, and High Point.

Economy:
Although North Carolina is known as a tobacco state, agriculture as a whole makes up less than 2 percent of its economy. Manufacturing (particularly textiles, chemicals and paper products,) is by far the economic foundation of the state. Increasingly though, North Carolina is modernizing into an economy based technology, finance and scientific research. Charlotte is home to Bank of America and Wachovia and is considered the second biggest banking city in the United States, behind New York City.

Noteworthy:
North Carolina is home to many of the top colleges in the country, including a 17-school public university system.