Homes for Rent in Smithfield, NC

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What to Know About

Life in Smithfield & Beyond

Smithfield 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

Smithfield, NC

As of May 2025, Smithfield's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Smithfield's average rent is 7.3% ($117) higher than the North Carolina average of $1,593 and 4.6% ($83) lower than the U.S. average of $1,793.

Average Rent
$1,710
Monthly ChangeMonth Over Month Change
Decreased5.2% ($93)
Yearly ChangeYear Over Year Change
Decreased4.4% ($79)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,231 Increased1.5% ($18) Increased3.8% ($45)
2 Beds $1,452 Increased0.2% ($3) Increased8.7% ($116)
3 Beds $1,830 Decreased2% ($38) Increased1.8% ($32)
Nearby Cities Average Rent Avg. Rent vs. SmithfieldAverage Rent vs. Smithfield Avg. Days on MarketAverage Days on Market
Four Oaks $1,531 Decreased10.5% ($179) 30 days
Selma $1,541 Decreased9.9% ($169) 25 days
Benson $1,454 Decreased15% ($256) 27 days
Clayton $1,714 Increased0.2% ($4) 25 days
Garner $1,678 Decreased1.9% ($32) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Smithfield Rental Market FAQs

Explore rental prices, market trends, and availability in Smithfield, NC.

The average rent in Smithfield, NC is $1,710 per month.
Homes in Smithfield typically rent for between $862 and $2,379 per month, with an average of $1,710 per month.
In Smithfield, the average rent for a 1-bedroom home is $1,231 per month, for a 2-bedroom home, $1,452 per month, and a 3-bedroom home is $1,830 per month.
The average rent in Smithfield is 4.6% ($83) lower than the national average of $1,793 per month.
The average rent in Smithfield has decreased by 5.2% ($93) in the last month and decreased by 4.4% ($79) over the past year.
The rental market in Smithfield, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Smithfield, NC, the average rental stays on the market for approximately 28 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 23 rental properties available in Smithfield, NC.
Based on the current averages, a household would need an annual income of $58,080 to comfortably afford a 2-bedroom home in Smithfield.
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