Raleigh, NC Rental Market Trends
Last updated: March 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Raleigh is $1,561, a 1.09% decrease compared to the previous year, when the average rent was $1,578.
Studio Apartments at $1,321 offer the most budget-friendly option with 518 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 753 square feet for $1,375, balancing privacy and affordability.
Two-beedroom units at $1,622 offer 1,085 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,340 sq ft) for $2,002, suitable for larger households.
Average rent in Raleigh, NC
Last updated: March 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,561 | 947 sq. ft. |
| Studio | $1,321 | 518 sq. ft. |
| 1 Bed | $1,375 | 753 sq. ft. |
| 2 Beds | $1,622 | 1,085 sq. ft. |
| 3 Beds | $2,002 | 1,340 sq. ft. |
Raleigh, NC rent trends
Rental prices in Raleigh, NC have decreased by 1.09% over the past year. The average rent moved from $1,578 to $1,561.
What's the typical rent budget in Raleigh, NC?
The largest share of rentals in Raleigh, NC (53%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Raleigh, NC?
96,029 or 49% of the households in Raleigh, NC are renter-occupied while 100,895 or 51% are owner-occupied.
Most affordable neighborhoods in Raleigh?
North Haven $1,078/month
Winslow Ridge at Sunnybrook $1,143/month
Glenwood North $1,183/month
All of these neighborhoods fall below the city wide average of $1,561/month.Most expensive neighborhoods in Raleigh?
Fairmont $2,180/month
Trailwood $2,748/month
Willmont $2,936/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Raleigh, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Willmont | $2,936 |
| Trailwood | $2,748 |
| Fairmont | $2,180 |
| Downtown Raleigh | $1,884 |
| Caraleigh Mills | $1,883 |
| Farrior Hills | $1,839 |
| Glenwood | $1,824 |
| Cameron Village | $1,791 |
| James W Dickens | $1,770 |
| Trinity Park | $1,735 |
| Woods of Ashbury | $1,699 |
| Camley Hills | $1,649 |
| Eastgate | $1,621 |
| Renaissance Park | $1,598 |
| Crabtree Woods | $1,577 |
| Hedingham | $1,570 |
| Alexander Place | $1,568 |
| Suncreek | $1,564 |
| North Shore | $1,546 |
| Brentwood | $1,540 |
| Brier Creek | $1,539 |
| Laurel Hills | $1,528 |
| Meredith Woods | $1,519 |
| Northridge Trace | $1,518 |
| North Ridge | $1,515 |
| Wakefield Plantation | $1,513 |
| Lakeview | $1,511 |
| Northglen | $1,485 |
| Simms Branch - Anson Grove | $1,473 |
| Beachwood | $1,462 |
| College View | $1,440 |
| Westlake Village | $1,438 |
| Silver Lake | $1,435 |
| Olde Raleigh | $1,431 |
| Village of Tryon | $1,429 |
| Village of Fox Run | $1,426 |
| Thornton Commons | $1,415 |
| Brookside Village | $1,415 |
| Olde Province | $1,414 |
| Northwest Woods | $1,408 |
| Ashebrook | $1,407 |
| Glen Forest | $1,406 |
| Deblyn Park | $1,399 |
| Northclift | $1,393 |
| Cardinal Grove | $1,392 |
| Autumn Woods | $1,358 |
| Greenbrier | $1,346 |
| Bent Creek | $1,337 |
| Hertford Village | $1,335 |
| Hampton Oaks | $1,335 |
| Pepperdyne | $1,333 |
| Brookhaven | $1,331 |
| Sweetbriar | $1,302 |
| Old Farm | $1,287 |
| Timberlake Estates | $1,281 |
| Hope Valley | $1,272 |
| Riverbirch | $1,268 |
| Glenwood North | $1,183 |
| Winslow Ridge at Sunnybrook | $1,143 |
| North Haven | $1,078 |
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Raleigh | Rent Comparison by Neighborhood
Rent in Alexander Place is 11% higher than in Ashebrook
$1,568
Alexander Place rent is 1% higher than Raleigh average
Average Rent
$1,568
$1,407
Ashebrook rent is 10% lower than Raleigh average
Average Rent
$1,407
How Raleigh Compares to Other Cities
| City | Average Rent |
|---|---|
| Raleigh | $1,561 |
| Charlotte | $1,647 |
| Fayetteville | $1,281 |
| Winston - Salem | $1,275 |
| Durham | $1,533 |
| Greensboro | $1,330 |
| Hickory | $1,455 |
| Concord | $1,512 |
| Wilmington | $1,615 |
| Greenville | $1,385 |
| Asheville | $1,682 |
| Cary | $1,611 |
| Clayton | $1,580 |
| Wake Forest | $1,618 |
| Chapel Hill, NC | $1,736 |
| Morrisville, NC | $1,642 |
| Apex, NC | $1,636 |
| Fuquay Varina, NC | $1,634 |
| Garner, NC | $1,421 |
| Knightdale, NC | $1,538 |
| Holly Springs, NC | $1,700 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Raleigh apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.