A large cluster of research institutions and universities, museums and outdoor spots attract many to Raleigh, the capital of North Carolina. A part of the Research Triangle Park, along with Chapel Hill and Durham, high-tech, media and financial service industries continue to grow in the city.
But Raleigh residents are seeing higher rents in certain neighborhoods. Some have gone up nearly 14 percent. Here are the five where rent is increasing the most.
- Price increase over the past year: 6.19 percent
- Average rent for one-bedroom in Forestville: $1,106
Only 25 minutes from the city center, Forestville has seen an influx in residents and a price increase of a little more than six percent. The nearby Harris Creek and Horseshoe Farm Nature Preserve offer multiple trails and opportunities to enjoy nature.
A one-bedroom in this Raleigh neighborhood costs on average $1,106 per month.
Fun fact: The Van-Hahn Pagoda, a fully operational Buddhist temple, is hidden within the neighborhood’s subdivisions. The large temple is open to the public and hosts many celebrations throughout the year.
4. North Hills
- Price increase over the past year: 8.34 percent
- Average rent for one-bedroom in North Hills: $1,170
North Hills‘ centralized location makes it an ideal location for those commuting into town and away from the city, with the airport only 11 miles away. Rental prices have increased a little more than eight percent in the past year.
The neighborhood’s backbone resides at North Hills Mall, where you can find everything from a Target to specialty stores, craft beer bars and a thriving dining scene. Neighbors often congregate over the weekends for block parties, farmers markets and other family-friendly activities.
Fun fact: North Hills is sometimes referred to as “Raleigh’s Midtown,” due to its convenient location and great amenities.
3. Brier Creek Country Club
- Price increase over the past year: 8.52 percent
- Average rent for one-bedroom in Brier Creek Country Club: $1,105
If you’re all about amenities, Raleigh neighborhood Brier Creek Country Club is the right fit for your lifestyle. While one-bedroom rents have increased more than eight percent in the past year, the area remains budget-friendly.
Convenient to the airport, all universities, downtown and Durham, Brier Creek offers tennis, pools, golf, spa, fitness facilities and easy access to the many trails at the William B. Umstead State Park.
Fun fact: The RDU Observation Park offers an impressive view of the airport’s 10,000-foot runway from the top.
2. Triangle Town Center
- Price increase over the past year: 9.78 percent
- Average rent for one-bedroom in Triangle Town Center: $1,005
Located in Northeast Raleigh, the Triangle Town Center neighborhood hosts a close-knit community. For the outdoor enthusiasts, city parks such as the Spring Forest Road Park and the Green Road Park are only a few minutes away with great trails and recreational sports.
That suburbia feel has attracted many families to the area, despite the increase in average rents to $1,005 per month.
Fun fact: Only four miles from Triangle Town Center, you can enjoy 26 miles of bike trails under tree canopies at the Neuse River Trail, with the Falls of the Neuse at the end.
1. North Raleigh
- Price increase over the past year: 13.85 percent
- Average rent for one-bedroom in North Raleigh: $1,012
North of North Hills, North Raleigh has seen the most increase in rent price at nearly 14 percent. An average one-bedroom in the neighborhood can go for $1,012 a month.
However, the rise in rent prices comes with an increase in amenities, including several family-friendly activities like Galaxy Fun Park and a growing dining scene with landmarks like Winston’s Grille and Rise Biscuits & Donuts.
Shelley Lake Park and Durant Nature Preserve cater to those that enjoy walking trails, picnic areas, outdoor exercise and incredible nature views.
Fun fact: Thanks to the many lush trees that surround North Raleigh, there are plenty of opportunities for a fun zip line journey. Only 10 minutes away, you can zip from up to 50 feet above in the 236-acre Blue Jay Point County Park.
We looked at all neighborhoods in Raleigh with sufficient available inventory on Apartment Guide and Rent.com and compared the average price from September 2018 to September 2019 to find the neighborhoods with the highest percentage increase in one-bedroom apartment prices.
The current rent information included in this article is based on September 2019 multifamily rental property inventory on Apartment Guide and Rent.com and is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.