Greensboro rent prices have jumped nearly 24% in one year

Greensboro rent prices have jumped nearly 24% in one year

4:14pm Apr 06, 2022
KERI BROWN/WFDD

Rent prices are continuing to increase in Greensboro, prompting some residents to ask the city council for relief. 

At Tuesday’s council meeting, several residents from the New Garden Manor Senior Apartments told the council their rents had more than doubled. 

Resident Lisa Evans said tenants are now struggling to find affordable places to live in the city, let alone pay for moving expenses. 

“​​Anything that goes on the market gets really picked off quickly. Nor do we make the income to qualify," said Evans. "Finding a place has been almost impossible for most everybody. There are waitlists, exorbitant prices, and not even Section 8 housing is available.”

Rent prices in Greensboro have jumped almost 24%, the highest year-over-year increase in the state, according to a study by Apartment List. Statewide, the average was 19.8%.

Greensboro council members told residents state law prevents them from enacting city-wide rent control measures, but did discuss potentially limiting rental deposit fees in order to lower moving costs. 

Council members said they plan to address affordable housing solutions at upcoming work sessions.

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