Raleigh, NC Rental Market Trends
What is the average rent in Raleigh?
The average rent for an apartment in Raleigh is $1,609. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Raleigh, NC
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,609 | 949 sq. ft. |
What is the average apartment size in Raleigh?
The average size for a Raleigh, NC apartment is 949 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Raleigh, NC apartment rent ranges
Raleigh, NC Occupied Housing Units
92,812 or 49% of the households in Raleigh, NC are renter-occupied while 97,018 or 51% are owner-occupied.
Raleigh, NC rent trends
Average Rent in Raleigh, NC By Neighborhood
| City | Average Rent |
|---|---|
| Bloomsbury | $2,168 |
| Hi Mount | $2,168 |
| Carriage Woods | $1,929 |
| Cooper | $1,929 |
| Forest Hills | $1,929 |
| Medfield Estates | $1,929 |
| Meredith Woods | $1,929 |
| Ridgewood | $1,929 |
| Willmont | $1,929 |
| Glenwood | $1,909 |
| Georgetown | $1,897 |
| Banks Pointe | $1,887 |
| Carolina Pines | $1,887 |
| Hertford Village | $1,887 |
| Kings Ridge | $1,887 |
| Pinewinds | $1,887 |
| Renaissance Park | $1,887 |
| Trailwood | $1,887 |
| Village of Tryon | $1,887 |
| Woods of Ashbury | $1,887 |
| Caraleigh Mills | $1,810 |
| Downtown Raleigh | $1,810 |
| Cameron Village | $1,724 |
| North Carolina State Univeristy | $1,681 |
| Trinity Park | $1,681 |
| Mordecai | $1,638 |
| Alexander Place | $1,629 |
| Brier Creek | $1,629 |
| Glenwood Crossing | $1,629 |
| Wyngate | $1,629 |
| Coachmans Trail | $1,611 |
| Falls River | $1,611 |
| Wakefield Plantation | $1,611 |
| Crabtree Heights | $1,610 |
| Farrior Hills | $1,610 |
| Hickory Hills | $1,610 |
| North Ridge Villas | $1,610 |
| Northclift | $1,610 |
| Northglen | $1,610 |
| Townes at Umstead | $1,603 |
| Country Club Hills | $1,598 |
| Lakepark | $1,598 |
| North Hills | $1,598 |
| Bashford Ridge | $1,588 |
| Blenheim Place | $1,588 |
| Bridgeton Park | $1,588 |
| Brookhaven | $1,588 |
| College View | $1,588 |
| Crescent Ridge | $1,588 |
| Glenwood North | $1,588 |
| James W Dickens | $1,588 |
| Lakeview | $1,588 |
| Laurel Hills | $1,588 |
| Lynwood Bluff | $1,588 |
| North Shore | $1,588 |
| Oak Park | $1,588 |
| Roylene Acres | $1,588 |
| Valley Estates | $1,588 |
| Western Park | $1,588 |
| Greystone | $1,556 |
| Riverbirch | $1,547 |
| Deblyn Park | $1,539 |
| Long Lake | $1,539 |
| Pinecrest | $1,531 |
| North Haven | $1,491 |
| North Ridge | $1,491 |
| Northridge Trace | $1,491 |
| Stoney Manor | $1,491 |
| Oakwood | $1,488 |
| Greenbrier | $1,465 |
| Bartons Creek Bluffs | $1,456 |
| Crabtree Pines | $1,456 |
| Northwest Woods | $1,456 |
| Pickwick Village | $1,456 |
| Westlake Village | $1,456 |
| Westwood | $1,456 |
| Wildwood Green | $1,456 |
| Beacon Lake | $1,443 |
| College Park | $1,443 |
| Lakewood | $1,443 |
| Riverview | $1,443 |
| Rochester Heights | $1,443 |
| Village Lakes | $1,443 |
| Winslow Ridge at Sunnybrook | $1,443 |
| Worthdale | $1,443 |
| Brighton | $1,440 |
| Cardinal Grove | $1,440 |
| Mitchell Mill | $1,440 |
| Oak Forest Estates | $1,440 |
| Strawns Crossing | $1,440 |
| The Park at Perry Creek | $1,440 |
| Village of Fox Run | $1,440 |
| Cobblestone | $1,430 |
| Hope Valley | $1,430 |
| Pepperdyne | $1,430 |
| Lockwood | $1,429 |
| Trawick Dale | $1,429 |
| Brentwood | $1,422 |
| Hedingham | $1,422 |
| Pecan Acres | $1,422 |
| Summit Ridge | $1,422 |
| Timberlake Estates | $1,422 |
| Woodcrest | $1,422 |
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What are the most affordable neighborhoods in Raleigh?
The most affordable neighborhoods in Raleigh are Brentwood, where the average rent goes for $1,422/month, Hedingham, where renters pay $1,422/mo on average, and Pecan Acres, where the average rent goes for $1,422/mo. If you’re looking for other great deals, check out the listings from Summit Ridge ($1,422), Timberlake Estates ($1,422), and Woodcrest ($1,422), where the asking prices are below the average Raleigh rent of $1,609/mo.
What are the most expensive neighborhoods in Raleigh?
The most expensive neighborhoods in Raleigh are Willmont ($1,929), Bloomsbury ($2,168) and Hi Mount ($2,168).
What are the most popular neighborhoods in Raleigh?
The most popular neighborhood in Raleigh is Brier Creek, where there are 151 listings with an average rent of $1,629. Next up is Downtown Raleigh, where apartments go for $1,810/month, followed by Hedingham with $1,422 If you’re looking to rent in Raleigh’s most popular neighborhoods, make sure to also check out Country Club Hills, where renters pay $1,598 on average, and Glenwood, where the average monthly rent is $1,909.
Raleigh | Rent Comparison by Neighborhood
Rent in Alexander Place is 14% lower than in Banks Pointe
$1,629
Alexander Place rent is 1% higher than Raleigh average
Average Rent
$1,629
$1,887
Banks Pointe rent is 17% higher than Raleigh average
Average Rent
$1,887
How Raleigh Compares to Other Cities
| State | Average Rent |
|---|---|
| Raleigh | $1,609 |
| Holly Springs | $1,646 |
| Durham | $1,555 |
| Charlotte | $1,653 |
| Cary | $1,635 |
| Apex | $1,678 |
| Concord | $1,530 |
| Winston - Salem | $1,226 |
| Asheville | $1,717 |
| Garner | $1,499 |
| Greensboro | $1,262 |
| Morrisville | $1,699 |
| Wake Forest | $1,665 |
| Chapel Hill | $1,941 |
| Carrboro | $1,391 |
| Fuquay Varina | $1,648 |
| Knightdale | $1,585 |
What is the average price for a storage unit in Raleigh?
The average rent for a non-climate-controlled 10'x10' storage unit in Raleigh is $125.69. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Raleigh
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RC Property Site QA CA
8150 Arco Corporate Drive, Raleigh, NC 27512| 1 BED | $920+ |
| 3 BEDS | $980+ |
| 22 BEDS | $1,295+ |
RC Property Site QA TX
8150 Arco Corporate Drive, Raleigh, NC 27512| 1 BED | $920+ |
| 2 BEDS | $980+ |
| 3 BEDS | $1,295+ |
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Edinborough Commons
6421 Campus Drive, Raleigh, NC 27613
Income Restricted
| 1 BED | $715 |
| 2 BEDS | $885 |
| 3 BEDS | N/A |
