Raleigh, NC Rental Market Trends

What is the average rent in Raleigh?

The average rent for an apartment in Raleigh is $1,607. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Raleigh, NC

Last updated July 2025

Average Rent	Average Apartment Size
$1,607	950 sq. ft.

What is the average apartment size in Raleigh?

The average size for a Raleigh, NC apartment is 950 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

96,029 or 49% of the households in Raleigh, NC are renter-occupied while 100,895 or 51% are owner-occupied.

Raleigh, NC rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Raleigh, NC By Neighborhood

City	Average Rent
Willmont	$3,079
Trailwood	$2,738
Wolf Crossing	$2,385
Fairmont	$2,208
Country Club Hills	$2,070
Glenwood	$1,998
The Townes at Crabtree	$1,996
Downtown Raleigh	$1,979
Farrior Hills	$1,957
James W Dickens	$1,952
Caraleigh Mills	$1,918
Cameron Village	$1,831
Trinity Park	$1,777
Camley Hills	$1,736
North College Park	$1,734
Renaissance Park	$1,682
Woodcrest	$1,644
Crabtree Woods	$1,643
Laurel Hills	$1,620
Falcon Ridge	$1,611
Brentwood	$1,610
Hedingham	$1,600
Crabtree Heights	$1,597
Alexander Place	$1,596
Beachwood	$1,595
Northwest Woods	$1,582
Silver Lake	$1,581
Suncreek	$1,580
Wakefield Plantation	$1,569
Brier Creek	$1,568
North Shore	$1,567
Meredith Woods	$1,566
Crown Oaks	$1,563
Lakeview	$1,563
Northridge Trace	$1,559
Olde Raleigh	$1,553
Glen Forest	$1,550
Brookside Village	$1,539
Legacy Oaks	$1,533
Simms Branch - Anson Grove	$1,517
Northglen	$1,485
Eastgate	$1,484
North Ridge	$1,474
Village of Fox Run	$1,468
Ashebrook	$1,461
Thornton Commons	$1,460
Westlake Village	$1,449
Sunnybrook Estates	$1,440
Greenbrier	$1,436
Autumn Woods	$1,433
Village of Tryon	$1,430
Brookhaven	$1,429
College View	$1,417
Hertford Village	$1,411
Olde Province	$1,406
Northclift	$1,396
Pullen Park Terrace	$1,393
Cardinal Grove	$1,392
Old Farm	$1,390
Deblyn Park	$1,373
Hampton Oaks	$1,371
Pinewinds	$1,367
Riverbirch	$1,340
Sweetbriar	$1,333
Pepperdyne	$1,332
Hope Valley	$1,305
Bent Creek	$1,276
North Haven	$1,252
Glenwood North	$1,243
Timberlake Estates	$1,231
Winslow Ridge at Sunnybrook	$1,217

What are the most affordable neighborhoods in Raleigh?

The most affordable neighborhoods in Raleigh are Winslow Ridge at Sunnybrook, where the average rent goes for $1,217/month, Timberlake Estates, where renters pay $1,231/mo on average, and Glenwood North, where the average rent goes for $1,243/mo. If you’re looking for other great deals, check out the listings from North Haven ($1,252), Bent Creek ($1,276), and Hope Valley ($1,305), where the asking prices are below the average Raleigh rent of $1,607/mo.

What are the most expensive neighborhoods in Raleigh?

The most expensive neighborhoods in Raleigh are Wolf Crossing ($2,385), Trailwood ($2,738) and Willmont ($3,079).

What are the most popular neighborhoods in Raleigh?

The most popular neighborhood in Raleigh is Downtown Raleigh, where there are 14 listings with an average rent of $1,979. Next up is Brier Creek, where apartments go for $1,568/month, followed by Glenwood with $1,998 If you’re looking to rent in Raleigh’s most popular neighborhoods, make sure to also check out Lakeview, where renters pay $1,563 on average, and Pepperdyne, where the average monthly rent is $1,332.

Raleigh | Rent Comparison by Neighborhood

Rent in Alexander Place is 9% higher than in Ashebrook

$1,596

Alexander Place rent is 1% lower than Raleigh average

Average Rent $1,596

$1,461

Ashebrook rent is 9% lower than Raleigh average

Average Rent $1,461

How Raleigh Compares to Other Cities

State	Average Rent
Raleigh	$1,607
Charlotte	$1,663
Fayetteville	$1,279
Winston - Salem	$1,297
Greensboro	$1,326
Durham	$1,568
Concord	$1,561
Cary	$1,676
Wilmington	$1,633
High Point	$1,263
Greenville	$1,372
Clayton	$1,567
Morrisville	$1,695
Wake Forest, NC	$1,622
Apex, NC	$1,663
Fuquay Varina, NC	$1,623
Chapel Hill, NC	$1,782
Garner, NC	$1,463
Knightdale, NC	$1,572
Holly Springs, NC	$1,671
Carrboro, NC	$1,326

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 $122.14. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.