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Rental market trends in Raleigh, NC

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Average Rent in Raleigh, NC

Avg. RentAnnual Change
Studio - $1,480-12%
1 Bed - $1,512+8%
2 Beds - $1,717+6%
Last updated 3/28/2023

Average Apartment Cost in Raleigh, NC

The average rent for apartments in Raleigh, NC, is between $1,480 and $1,717 in 2023. For a studio apartment in Raleigh, NC, the average rent is $1,480. When it comes to 1-bedroom apartments, the average rent in Raleigh, NC, is $1,512. For a 2-bedroom apartment, the average rent is $1,717.

Apartment Rent Ranges in Raleigh, NC

Apartment Prices

Neighborhood Apartment Rent Trends in Raleigh, NC

NeighborhoodStudio Avg RentAnnual Change
University Park$2,048--
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%

How Other Cities Compare to Raleigh, NC

CityStudio Avg RentAnnual Change
Wake Forest$1,475--
Chapel Hill$1,353+1%

Raleigh, NC Rent Trends

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.