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

Rentable.co has over 30,238 apartments available in Raleigh.

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

The average rent for a <a href='/raleigh-nc/studio-apartments-for-rent' >studio apartment</a> in Raleigh is around $1,470 per month.

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

The average rent for a <a href='/raleigh-nc/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Raleigh is around $1,200 per month.

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

The average rent for a <a href='/raleigh-nc/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Raleigh is around $1,560 per month.

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

For a two-bedroom apartment in Raleigh, the average rent price is $1,560 per month, which is similar to the national average of $1,600 per month.

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

Based on average rent prices in Raleigh, to afford a <a href='/raleigh-nc/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $59,000 to live comfortably.

Apartments Near Wake Technical Community College

Raleigh:
December Rent Report

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

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Raleigh 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 Raleigh average rent prices in the chart below.

Monthly Rent Report

$1,750

$1,310

$880

$440

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Raleigh Rent Prices Increase From November to December

Raleigh rent prices increased over the last month. From November to December, the city experienced a 1.33% increase for the price of a one-bedroom apartment. The rent price for a Raleigh one-bedroom apartments currently stands at $1,218.0.

When we take a look at the two-bedroom comparison from November to December, Raleigh experienced a 0.54% increase for the price of a two-bedroom apartment. The rent price for a Raleigh two-bedroom apartments currently stands at $1,661.0.

December Prices: Raleigh vs. Surrounding Areas

Wake Forest, NC

Apex, NC

Garner, NC

Cary, NC

Morrisville, NC

Knightdale, NC

Clayton, NC

Raleigh, NC

$1,539

$1,502

$1,425

$1,353

$1,326

$1,279

$1,250

$1,202

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Raleigh and Surrounding Areas

Rent prices have increased in Raleigh over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Raleigh suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Cary, NC, Apex, NC, Clayton, NC, Wake Forest, NC, Garner, NC .
Rent decreased in Morrisville, NC, Knightdale, NC.
7 suburbs are currently priced higher than the city of Raleigh.

December 2024 Pricing Trends: Raleigh vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Raleigh, NC

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$1,202

$1,350

$2,700

$4,050

$5,400

Median Rent

Raleigh Rent Prices More Affordable Than Major Cities

Rent growth in Raleigh 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, Raleigh average rent prices appear to be relatively affordable for local residents.

The price for a Raleigh 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 Raleigh and surrounding area rent prices, take a look at the complete data set below.

Data set for Raleigh and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Raleigh, NC	$1,202.0	2.56%	$1,652.0	0.43%
Cary, NC	$1,353.0	0.15%	$1,659.0	-0.24%
Apex, NC	$1,502.0	2.88%	$1,760.0	3.59%
Morrisville, NC	$1,326.0	-0.67%	$1,713.0	0.23%
Clayton, NC	$1,250.0	3.31%	$1,592.0	0.57%
Wake Forest, NC	$1,539.0	0.79%	$1,745.0	1.22%
Garner, NC	$1,425.0	0.14%	$1,611.0	0.25%
Knightdale, NC	$1,279.0	-3.62%	$1,548.0	-0.83%

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.