How many apartments are available in Drake Park on Rentable.co?

Rentable.co has over 59 apartments available near Drake Park.

What is the average rent for a one-bedroom apartment in Drake Park?

The average rent for a one-bedroom apartment near Drake Park is around $894 per month.

What is the average rent for a two-bedroom apartment in Drake Park?

The average rent for a two-bedroom apartment near Drake Park is around $1,095 per month.

How many apartments are available in Fayetteville, NC on Rentable.co?

Rentable.co has over 11,254 apartments available in Fayetteville.

What is the average rent for a studio apartment in Fayetteville, NC?

The average rent for a <a href='/fayetteville-nc/studio-apartments-for-rent' >studio apartment</a> in Fayetteville is around $1,220 per month.

What is the average rent for a one-bedroom apartment in Fayetteville, NC?

The average rent for a <a href='/fayetteville-nc/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Fayetteville is around $980 per month.

What is the average rent for a two-bedroom apartment in Fayetteville, NC?

The average rent for a <a href='/fayetteville-nc/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Fayetteville is around $1,200 per month.

How expensive is it to rent an apartment in Fayetteville, NC?

For a two-bedroom apartment in Fayetteville, the average rent price is $1,200 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Fayetteville, NC?

Based on average rent prices in Fayetteville, to afford a <a href='/fayetteville-nc/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $49,000 to live comfortably.

Apartments in Drake Park Fayetteville

Fayetteville:
November Rent Report

Welcome to the November 2024 Fayetteville Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Fayetteville rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Fayetteville and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Fayetteville average rent prices in the chart below.

Monthly Rent Report

$1,300

$980

$650

$330

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Fayetteville Rent Prices Increase From October to November

Fayetteville rent prices increased over the last month. From October to November, the city experienced a 1.65% increase for the price of a one-bedroom apartment. The rent price for a Fayetteville one-bedroom apartments currently stands at $986.0.

When we take a look at the two-bedroom comparison from October to November, Fayetteville experienced a 1.17% increase for the price of a two-bedroom apartment. The rent price for a Fayetteville two-bedroom apartments currently stands at $1,214.0.

November Prices: Fayetteville vs. Surrounding Areas

Spring Lake, NC

Fayetteville, NC

$2,007

$970

$700

$1,400

$2,100

$2,800

Median 1 BR Rent

Rent Prices in Fayetteville and Surrounding Areas

Rent prices have increased in Fayetteville over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Fayetteville suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Fayetteville suburbs
Rent decreased in Spring Lake, NC.
1 suburb is currently priced higher than the city of Fayetteville.

November 2024 Pricing Trends: Fayetteville vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Fayetteville, NC

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$970

$1,400

$2,800

$4,200

$5,600

Median Rent

Fayetteville Rent Prices More Affordable Than Major Cities

Rent growth in Fayetteville over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Fayetteville average rent prices appear to be relatively affordable for local residents.

The price for a Fayetteville one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Fayetteville and surrounding area rent prices, take a look at the complete data set below.

Data set for Fayetteville and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Fayetteville, NC	$970.0	2.11%	$1,200.0	2.56%
Spring Lake, NC	$2,007.0	-2.34%	$1,405.0	-0.07%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.