Raleigh, NC Rental Market Trends

What is the average rent in Raleigh?

The average rent for an apartment in Raleigh is $1,600. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Raleigh, NC

Last updated May 2025

Average Rent	Average Apartment Size
$1,600	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

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	$3,264
Trailwood	$2,718
Wolf Crossing	$2,356
Fairmont	$2,325
Country Club Hills	$2,095
Farrior Hills	$2,013
The Townes at Crabtree	$2,010
Downtown Raleigh	$1,999
Glenwood	$1,944
James W Dickens	$1,841
Cameron Village	$1,796
Woodcrest	$1,762
Trinity Park	$1,739
Camley Hills	$1,735
North College Park	$1,734
Renaissance Park	$1,694
Falcon Ridge	$1,630
Crabtree Woods	$1,608
Alexander Place	$1,606
Meredith Woods	$1,596
Brier Creek	$1,590
Wakefield Plantation	$1,581
Brentwood	$1,571
Hedingham	$1,567
Laurel Hills	$1,565
Olde Raleigh	$1,563
Simms Branch - Anson Grove	$1,535
Beachwood	$1,531
Lakeview	$1,531
Silver Lake	$1,525
Legacy Oaks	$1,519
Glen Forest	$1,512
Northwest Woods	$1,505
Brookside Village	$1,504
Village of Fox Run	$1,490
North Shore	$1,489
Northglen	$1,485
Crown Oaks	$1,480
Eastgate	$1,479
Village of Tryon	$1,477
Northridge Trace	$1,475
Crabtree Heights	$1,464
Ashebrook	$1,454
Westlake Village	$1,454
Olde Province	$1,441
Sunnybrook Estates	$1,440
North Ridge	$1,430
Old Farm	$1,428
Suncreek	$1,426
Northclift	$1,412
College View	$1,412
Greenbrier	$1,411
Thornton Commons	$1,406
Hampton Oaks	$1,404
Autumn Woods	$1,403
Hertford Village	$1,391
Bent Creek	$1,390
Brookhaven	$1,388
Pullen Park Terrace	$1,378
Sweetbriar	$1,373
Pinewinds	$1,372
Deblyn Park	$1,358
Pepperdyne	$1,324
Hope Valley	$1,304
Riverbirch	$1,297
Glenwood North	$1,239
Timberlake Estates	$1,232
Winslow Ridge at Sunnybrook	$1,208
North Haven	$1,204

What are the most affordable neighborhoods in Raleigh?

The most affordable neighborhoods in Raleigh are North Haven, where the average rent goes for $1,204/month, Winslow Ridge at Sunnybrook, where renters pay $1,208/mo on average, and Timberlake Estates, where the average rent goes for $1,232/mo. If you’re looking for other great deals, check out the listings from Glenwood North ($1,239), Riverbirch ($1,297), and Hope Valley ($1,304), where the asking prices are below the average Raleigh rent of $1,600/mo.

What are the most expensive neighborhoods in Raleigh?

The most expensive neighborhoods in Raleigh are Wolf Crossing ($2,356), Trailwood ($2,718) and Willmont ($3,264).

What are the most popular neighborhoods in Raleigh?

The most popular neighborhood in Raleigh is Downtown Raleigh, where there are 12 listings with an average rent of $1,999. Next up is Brier Creek, where apartments go for $1,590/month, followed by Lakeview with $1,531 If you’re looking to rent in Raleigh’s most popular neighborhoods, make sure to also check out Eastgate, where renters pay $1,479 on average, and Riverbirch, where the average monthly rent is $1,297.

Raleigh | Rent Comparison by Neighborhood

Rent in Alexander Place is 10% higher than in Ashebrook

$1,606

Alexander Place rent is 1% higher than Raleigh average

Average Rent $1,606

$1,454

Ashebrook rent is 9% lower than Raleigh average

Average Rent $1,454

How Raleigh Compares to Other Cities

State	Average Rent
Raleigh	$1,600
Charlotte	$1,667
Winston - Salem	$1,280
Greensboro	$1,315
Durham	$1,553
Fayetteville	$1,252
Concord	$1,556
Wilmington	$1,647
High Point	$1,228
Cary	$1,667
Asheville	$1,729
Clayton	$1,596
Morrisville	$1,711
Chapel Hill, NC	$1,782
Fuquay Varina, NC	$1,624
Wake Forest, NC	$1,670
Apex, NC	$1,667
Knightdale, NC	$1,507
Garner, NC	$1,478
Holly Springs, NC	$1,734
Creedmoor, NC	$1,361

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 $116.43. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.