New report finds the monthly cost of rent is increasing in the Greenville area

The cost of renting a house, apartment, condo, or townhome is on the rise nationwide and in North Carolina. These trends are also impacting the Greenville housing and rental market.

According to a new study from online marketplace and rental platform, Apartment List, the average cost of rent in the City of Greenville has increased 0.5% over the past month. Rents increased by 1.7% when comparing costs to July of last year.

The study goes on to calculate the median rent for a one-bedroom apartment in Greenville at $690 and $880 for a two-bedroom apartment in Greenville. Bennett Properties, a Greenville property investment and management company, reports that its rental costs fall in line with the city-wide average with various amenities and updates.

A newly renovated kitchen in a Bennett Properties townhome unit (2B/1.5B).

Bennett Properties owns six properties in Greenville. Affordability and accessibility are important values to owner, Andrew Bennett. He remembers the struggle of finding a place to live while attending East Carolina University for his master’s and doctoral programs.  During the years of 2007 to 2013, Bennett moved seven times in hopes of finding a nicer home that was affordable and close to campus. 

Bennett’s poor renting experience in the Greenville area inspired him to develop his own property management company to enhance the experience of local students and young professionals. He strives to keep costs low, while giving renters clean, fresh, and modernized spaces to call home. Units with Bennett Properties include stainless steel appliances, renovated kitchens and bathrooms, newly installed flooring, and enhanced lighting. The properties with backyards are well-kept by a local landscape company at no additional cost to the tenant.

Freshly refinished hardwood floors in the living room and kitchen of a Bennett Properties rental home. This open-concept plan (2B/1B) is located in downtown Greenville.

All of Bennett Properties’ units are pet friendly without any size restrictions. Bennett understands the many benefits of pet ownership as he is a proud “dog-dad” to two mix-breed dogs. Bennett Properties is a community partner and supporter of local animal rescue efforts. Unfortunately, pets are often surrendered or abandoned by their owner if the animal is not welcome in a rental property. Bennett is pleased to offer his tenants the opportunity of living with their furry family member in a comfortable and safe environment.

Due to the increasing interest of online property research and comparison, Bennett Properties is now offering virtual 3-D tours of select units. If interested in renting an available property in the future, contact Andrew Bennett at BennettPropertiesNC@gmail.com