Homes for Rent near Penrose, NC

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What to Know About

Life in Penrose & Beyond

Penrose shares many of the great qualities that make North Carolina a desirable place to live.

North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.

There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.

With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.

Rental Market Trends

Transylvania County, NC

As of August 2025, Transylvania County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Transylvania County's average rent is 42.0% ($660) higher than the North Carolina average of $1,573 and 24.7% ($443) higher than the U.S. average of $1,790.

Average Rent
$2,233
Monthly ChangeMonth Over Month Change
Increased11.4% ($228)
Yearly ChangeYear Over Year Change
Increased12% ($239)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,680 Increased14.5% ($213) Increased1.8% ($29)
2 Beds $2,003 Increased19.9% ($332) Increased7.7% ($143)
3 Beds $2,574 Increased15.7% ($350) Increased1.7% ($42)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Transylvania County Rental Market FAQs

Explore rental prices, market trends, and availability in Transylvania County, NC.

The average rent in Transylvania County, NC is $2,233 per month.
Homes in Transylvania County typically rent for between $1,176 and $3,346 per month, with an average of $2,233 per month.
In Transylvania County, the average rent for a 1-bedroom home is $1,680 per month, for a 2-bedroom home, $2,003 per month, and a 3-bedroom home is $2,574 per month.
The average rent in Transylvania County is 24.7% ($443) higher than the national average of $1,790 per month.
The average rent in Transylvania County has increased by 11.4% ($228) in the last month and increased by 12.0% ($239) over the past year.
The rental market in Transylvania County, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Transylvania County, NC, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Transylvania County, NC.
Based on the current averages, a household would need an annual income of $80,120 to comfortably afford a 2-bedroom home in Transylvania County.
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