Long-term Rental Rates — August 2026 · ZIPs: 28277
Local market data by Estaite
As of August 2026, rental prices in Providence / Rea Farms, NC range from $1,579 to $3,103 per month depending on property type and bedroom count.
The largest year-over-year change was seen in 3BR apartments, which increased by 5.64%.
For 4-bedroom units, apartments have a higher median rent at $3,103 compared to condo/townhome units at $2,798.
What is the typical rent range in Providence / Rea Farms, NC as of August 2026?
Rents in Providence / Rea Farms, NC for August 2026 range from $1,579 for a 1-bedroom apartment up to $3,103 for a 4-bedroom apartment.
In Providence / Rea Farms, NC, which bedroom count and property type has the clearest price lead over its peers?
For 3-bedroom units in August 2026, single-family homes lead with a median rent of $2,573, noticeably higher than condo/townhomes at $2,216 and apartments at $2,339.
How do apartment and condo/townhome rents compare for the same bedroom count in Providence / Rea Farms, NC?
For 2-bedrooms, apartments have a median rent of $1,891, while condo/townhomes are slightly higher at $1,925 as of August 2026.
Which rental segment shows an unusual or outlier figure in Providence / Rea Farms, NC for August 2026?
The 4-bedroom condo/townhome segment saw a sharp month-over-month drop of -6.63%, with rents falling to $2,798.
Providence / Rea Farms, NC
August 2026
28277
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,501 – $1,658
3.75%
1.31%
2-Bedroom
$1,796 – $1,985
1.30%
-1.72%
3-Bedroom
$2,222 – $2,456
8.78%
5.64%
4-Bedroom
$3,010 – $3,196
0.98%
0.58%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,588 – $1,670
4.69%
2.51%
2-Bedroom
$1,848 – $2,002
2.11%
-0.40%
3-Bedroom
$2,127 – $2,304
1.01%
-2.81%
4-Bedroom
$2,694 – $2,901
-6.63%
-4.29%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,763 – $1,879
0.55%
4.24%
2-Bedroom
$1,865 – $1,961
3.33%
-0.40%
3-Bedroom
$2,440 – $2,707
2.70%
3.93%
4-Bedroom
$2,814 – $3,079
0.08%
0.52%
Data updated: October 2, 2026
Providence / Rea Farms Rental Trends
In the Providence / Rea Farms (28277) rental market, 3BR apartments rose sharply to a median $2,339, with a 1 Mo increase of 8.78% and 1 Yr growth of 5.64%. This move widens the gap versus 2BR apartments at $1,891, indicating that demand is concentrating in larger apartment units in this submarket.
At the higher end, 4BR condos/townhomes in Providence / Rea Farms (28277) fell to a median $2,798, with a 1 Mo decline of 6.63% and a 1 Yr drop of 4.29%. These larger attached units now trail 4BR apartments at $3,103 by $305, showing weaker pricing power for big condos relative to comparable apartment inventory.
Single-family performance shapes Providence / Rea Farms (28277) rental trends, with 1BR homes at $1,821 showing 0.55% MoM growth and 3BR homes at $2,573 up 2.7% MoM and 3.93% YoY. In contrast, 4BR single-family units at $2,946 moved just 0.08% MoM, underscoring firmer momentum in the 1–3BR range.