$2,200 Per Month
- 3 Beds
- 3 Baths
- 1,716 Sq Ft
- Condo for Rent
503 Cypress Ln Unit E, Manteo, NC 27954
Property Id: 2777235 It’s a Bright and Cheerful space with lots of original art. Very convenient to the Beach, Down town Manteo and the OBX Hospitol
Frequently Asked Questions
How much does it cost to rent a home in Manteo, NC?
The median rent for a home in Manteo, NC is $1,800 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Manteo, NC?
To comfortably afford the median rent in Manteo, NC, a household needs to earn roughly $72,000 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 $1,800 per month in Manteo, NC, renters typically need to show $5,400 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 Manteo, NC?
In Manteo, NC, the price-to-rent ratio is 25.7, 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.
