$1,050 Per Month
- 2 Beds
- 1 Bath
- 600 Sq Ft
- Condo for Rent
113 Florence St Unit 7, Graham, NC 27253
113 Florence St Unit 7, Graham, NC 27253
Frequently Asked Questions
How much does it cost to rent a condo in Graham, NC?
The median rent for a condo in Graham, NC is $1,050 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Graham, NC?
To comfortably afford the median rent in Graham, NC, a household needs to earn roughly $48,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,222 per month in Graham, NC, renters typically need to show $3,666 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Graham, NC?
In Graham, NC, the price-to-rent ratio is 23.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Graham, NC are best for renting a condo?
The best neighborhood for renting in Graham, NC depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include East Burlington, West Burlington, Reedy Fork Ranch and Downtown Burlington, each with its own character and price range.
