Cornelius / Davidson, NC
August 2026
28031,28036
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,265 – $1,370 | -12.64% | -6.26% |
| 2-Bedroom | $1,630 – $1,802 | -2.99% | 0.49% |
| 3-Bedroom | $1,911 – $2,070 | -7.27% | -1.86% |
| 4-Bedroom | $3,001 – $3,187 | 1.14% | 1.78% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,551 – $1,653 | 2.89% | -4.19% |
| 2-Bedroom | $1,877 – $1,973 | 0.98% | 0.82% |
| 3-Bedroom | $2,542 – $2,737 | 6.87% | 5.66% |
| 4-Bedroom | $3,005 – $3,191 | 2.21% | 0.49% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,775 – $1,867 | 0.55% | 2.59% |
| 2-Bedroom | $1,856 – $1,952 | -2.36% | -1.24% |
| 3-Bedroom | $2,333 – $2,488 | 3.59% | 3.79% |
| 4-Bedroom | $2,649 – $2,852 | 1.28% | -3.82% |
In the Cornelius / Davidson (28031, 28036) rental market, median rent for 1-bedroom apartments dropped sharply by 12.64% month-over-month to $1,317 in August 2026. Annual change remained negative at -6.26%, underscoring persistent downward pricing pressure for this segment in Cornelius / Davidson (28031, 28036).
The 3-bedroom condo segment in Cornelius / Davidson (28031, 28036) experienced a notable rise, jumping 6.87% MoM to a median rent of $2,639. This rent outpaces 3-bedroom apartments by $649, and the condo segment also posted a 5.66% YoY increase, highlighting investor appeal.
Rental demand for 2-bedroom single-family homes declined by 2.36% month-over-month, settling at a median rent of $1,904. These figures contribute to Cornelius / Davidson (28031, 28036) rental trends, as the annual change for this segment was also negative at -1.24% in August 2026.