Average Rent in Raleigh, NC
33 apartment buildings, 524 units. Daily asking prices with rent history for every building.
Browse apartments in Raleigh, NCCheapest
$599/mo
Centennial Ridge Student Housing
Properties
33
tracked daily
Units
524
available now
Raleigh, NC Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 33 properties in Raleigh, NC.
Average rent trend, last 6 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Raleigh, NC Rent Prices
All 33 properties ranked by lowest available rent.
Centennial Ridge Student Housing
2450 Centennial Ridge Way, Raleigh, NC 27603, USA
The Summit At Sawyer Apartments
1451 Sawyer Rd apt. 112, Raleigh, NC 27610, USA
University Village at 2505
2505 Red Lodge Pl, Raleigh, NC 27603, USA
Sumter Square
613 Charleston Rd, Raleigh, NC 27606, USA
The Summit at Avent Ferry
1025 Avent Hill, Raleigh, NC 27606, USA
Legacy at Wakefield Apartments
14411 Calloway Gap Rd, Raleigh, NC 27614, USA
Lenoxplace at Garner Station Apartments
1100 Lenoxplace Cir, Raleigh, NC 27603, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Centennial Ridge Student Housing 2450 Centennial Ridge Way, Raleigh, NC 27603, USA | $599 | $606 | $0.50/ft² | 3.1 (134) | 11 |
| 2 | The Summit At Sawyer Apartments 1451 Sawyer Rd apt. 112, Raleigh, NC 27610, USA | $700 | $840 | -- | 5 (4) | 5 |
| 3 | University Village at 2505 2505 Red Lodge Pl, Raleigh, NC 27603, USA | $789 | $789 | $0.54/ft² | 3 (165) | 13 |
| 4 | Sumter Square 613 Charleston Rd, Raleigh, NC 27606, USA | $950 | $1,166 | -- | 3.5 (122) | 10 |
| 5 | The Summit at Avent Ferry 1025 Avent Hill, Raleigh, NC 27606, USA | $1,076 | $1,209 | $1.42/ft² | 3.4 (129) | 13 |
| 6 | Legacy at Wakefield Apartments 14411 Calloway Gap Rd, Raleigh, NC 27614, USA | $1,096 | $1,395 | $1.42/ft² | 4.3 (153) | 46 |
| 7 | Lenoxplace at Garner Station Apartments 1100 Lenoxplace Cir, Raleigh, NC 27603, USA | $1,151 | $1,327 | $1.42/ft² | 4.3 (263) | 22 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Centennial Ridge Student Housing
3.1 (134)2450 Centennial Ridge Way, Raleigh, NC 27603, USA
The Summit At Sawyer Apartments
5 (4)1451 Sawyer Rd apt. 112, Raleigh, NC 27610, USA
University Village at 2505
3 (165)2505 Red Lodge Pl, Raleigh, NC 27603, USA
Sumter Square
3.5 (122)613 Charleston Rd, Raleigh, NC 27606, USA
The Summit at Avent Ferry
3.4 (129)1025 Avent Hill, Raleigh, NC 27606, USA
Legacy at Wakefield Apartments
4.3 (153)14411 Calloway Gap Rd, Raleigh, NC 27614, USA
By Area
Raleigh, NC neighborhoods
Tracked buildings across 8 named neighborhoods. Pick one to see its apartments.
Raleigh, NC Average Rent Prices 2026
The average rent in Raleigh, NC is $1,623 per month, based on 524 units across 33 apartment communities. Prices range from $599 at Centennial Ridge Student Housing to $2,715 at Parker Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,362/mo | $1,284/mo | 4 |
| 1 Bed | $1,412/mo | $700/mo | 186 |
| 2 Bed | $1,671/mo | $830/mo | 209 |
| 3 Bed | $1,991/mo | $599/mo | 112 |
| 4 Bed | $789/mo | $789/mo | 13 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Raleigh, NC apartments earn?
The 8 buildings we can estimate generate about $2.9M in rental revenue per month ($35M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.Parker Apartments | $520K/mo | $1,832 / $1,762 | 87% | 339 |
| 2.Wesley Apartments | $497K/mo | $1,564 / $1,553 | 90% | 354 |
| 3.District at 54 | $461K/mo | $1,622 / $1,558 | 90% | 330 |
| 4.MAA Vale | $449K/mo | $1,677 / $1,508 | 97% | 306 |
| 5.The NinetyNine | $365K/mo | $1,506 / $1,765 | 93% | 222 |
| 3 more estimated buildings | $654K/mo |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Raleigh, NC, and what they pay
Tracked one-bedroom rent in Raleigh, NC averages $1,412/mo, with two-bedroom units averaging $1,671/mo. At the local median household income of $82,424, that works out to 24% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Raleigh, NC at $1,468/mo. The current tracked market average runs 11% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Raleigh, NC while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Raleigh-Durham
Demand in the Raleigh-Durham rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- IBM
- Cisco Systems
- SAS Institute
- WakeMed
- North Carolina State University
Mean one-way commute in Raleigh, NC is 23 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Raleigh, NC?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$65,000/year
Based on the 30 percent rule, using our tracked average rent of $1,623/mo.
Comfortable income
$78,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($599/mo), you need to earn at least $24,000/year.
Median household income in Raleigh, NC is $82,424 , about 6% above the comfortable-living threshold.
Cost of living in Raleigh, NC
Overall prices in Raleigh, NC runs below the national average by about 2% (BEA Regional Price Parity index 98.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Raleigh, NC's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,623 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $5,011/mo |
Population
470,763
Median household income
$82,424
Census median rent
$1,468/mo
Census rent burden
30.5%
Median age
34.7
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in North Carolina
How Raleigh, NC rent compares to other markets in the state.
| City | Avg Rent | vs Raleigh, NC | 30-Day Change | Properties |
|---|---|---|---|---|
| Charlotte, NC | $2,032 | +25% | -9.2% | 88 |
| Cary, NC | $1,820 | +12% | -3.8% | 32 |
| Concord, NC | $1,541 | -5% | -13.5% | 25 |
| Morrisville, NC | $1,810 | +12% | -7.3% | 25 |
| Asheville, NC | $1,875 | +16% | -4.6% | 22 |
| Wake Forest, NC | $1,543 | -5% | -2.5% | 18 |
Frequently asked questions
What is the average rent in Raleigh, NC?
The average rent in Raleigh, NC is $1,623 per month, based on 524 units across 33 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Raleigh, NC?
The median asking rent in Raleigh, NC is $1,580 per month, computed from 524 live listed units and refreshed daily. The average is $1,623/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Raleigh, NC?
The lowest available rent in Raleigh, NC starts at $599 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Raleigh, NC?
1-bedroom apartments in Raleigh, NC average $1,412/mo. The lowest listed 1-bedroom starts at $700/mo across 186 units tracked.
How much is a 2-bedroom apartment in Raleigh, NC?
2-bedroom apartments in Raleigh, NC average $1,671/mo. Units start from $830/mo across 209 units currently listed.
Rent Trends in Raleigh, NC
Track how apartment prices are changing over time.
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