Rental market trends in Raleigh, NC
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Average Apartment Cost in Raleigh, NC
Apartment Rent Ranges in Raleigh, NC
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Raleigh, NC
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| University Park | $2,048 | -- |
| Wade | $2,048 | -- |
| Glenwood | $1,669 | -- |
| North Hills | $1,590 | -10% |
| North Raleigh | $1,590 | -10% |
| Northeast Raleigh | $1,530 | -14% |
| Downtown Raleigh | $1,515 | +8% |
| Warehouse District | $1,503 | -- |
| Moore Square | $1,492 | +7% |
| Central Raleigh | $1,486 | +6% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| University Park | $2,337 | +120% |
| Wade | $2,337 | +120% |
| Glenwood | $2,174 | +15% |
| North Hills | $2,056 | +14% |
| Warehouse District | $1,835 | -- |
| Downtown Raleigh | $1,801 | +5% |
| Central Raleigh | $1,801 | +16% |
| Forestville | $1,776 | +6% |
| Brier Creek Country Club | $1,765 | +118% |
| Hedingham | $1,718 | -3% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| University Park | $3,287 | +153% |
| Wade | $3,287 | +153% |
| Glenwood | $2,819 | -1% |
| North Hills | $2,599 | +2% |
| Warehouse District | $2,454 | -- |
| Downtown Raleigh | $2,417 | +16% |
| Central Raleigh | $2,417 | +16% |
| Hedingham | $2,292 | +4% |
| Moore Square | $2,222 | +7% |
| Wakefield | $2,091 | +11% |
How Other Cities Compare to Raleigh, NC
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Garner | $1,842 | +42% |
| Cary | $1,599 | -6% |
| Durham | $1,500 | -6% |
| Morrisville | $1,500 | +9% |
| Wake Forest | $1,475 | -- |
| Chapel Hill | $1,353 | +1% |
| Hillsborough | $1,296 | -- |
| Goldsboro | $1,250 | -- |
| Burlington | $952 | -7% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Spring Lake | $2,364 | +23% |
| Cary | $1,762 | +21% |
| Fuquay Varina | $1,698 | -- |
| Garner | $1,636 | -5% |
| Wake Forest | $1,625 | 0% |
| Chapel Hill | $1,572 | -6% |
| Morrisville | $1,570 | +4% |
| Durham | $1,462 | +3% |
| Apex | $1,447 | +5% |
| Knightdale | $1,415 | +9% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Spring Lake | $2,604 | +36% |
| Chapel Hill | $2,294 | +9% |
| Garner | $2,135 | -5% |
| Cary | $2,097 | +20% |
| Wake Forest | $2,025 | +1% |
| Morrisville | $1,944 | 0% |
| Fuquay Varina | $1,874 | -- |
| Durham | $1,738 | -2% |
| Apex | $1,694 | +5% |
| Knightdale | $1,609 | +1% |
Raleigh, NC Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1680 | $1525 | $1680 | $1721 | $1590 | $1686 | $1578 | $1517 | $1522 | $1439 | $1462 | $1492 | $1480 |
| $1403 | $1458 | $1505 | $1519 | $1529 | $1515 | $1522 | $1486 | $1472 | $1470 | $1464 | $1462 | $1525 |
| $1614 | $1646 | $1707 | $1694 | $1791 | $1783 | $1747 | $1719 | $1729 | $1717 | $1680 | $1621 | $1742 |
| $1897 | $1941 | $1958 | $1978 | $2065 | $2002 | $2134 | $2077 | $2062 | $2081 | $2034 | $2005 | $2119 |
Neighborhood Information for Raleigh, NC
What are the most affordable neighborhoods in Raleigh, NC?
The most affordable neighborhoods in Raleigh are South Park, where the average 1-bedroom apartment rent goes for $1,025, King Charles, where renters pay $1,147 on average for a 1-bedroom apartment, and Glenwood South, where the average 1-bedroom apartment rent goes for $1,150. If you're looking for other great deals, check out the listings in West Morgan ($1,195 for a 1-bedroom apartment) or Hillsborough ($1,239 for a 1-bedroom apartment), compared to the $1,512 average for a Raleigh 1-bedroom apartment.
What are the most expensive neighborhoods in Raleigh, NC?
The most expensive neighborhoods in Raleigh are Cameron Village, where the average 1-bedroom apartment rent goes for $2,473, University Park, where renters pay $2,337 on average for a 1-bedroom apartment, and Wade, where the average 1-bedroom apartment rent goes for $2,337. If you're looking for other premium neighborhoods, check out the listings in Glenwood ($2,174 for a 1-bedroom apartment) or North Hills ($2,056 for a 1-bedroom apartment), compared to the $1,512 average for a Raleigh 1-bedroom apartment.
What are the most popular neighborhoods in Raleigh, NC?
The most popular neighborhoods in Raleigh are North Hills, where the average 1-bedroom apartment rent goes for $2,056, Five Points, where renters pay $1,350 on average for a 1-bedroom apartment, and Cameron Village, where the average 1-bedroom apartment rent goes for $2,473. If you're looking for other popular neighborhoods, check out the listings in Glenwood ($2,174 for a 1-bedroom apartment) or Atlantic ($1,275 for a 1-bedroom apartment), compared to the $1,512 average for a Raleigh 1-bedroom apartment.
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