How many apartments are available in 27604 on Rentable.co?

Rentable.co has 64 apartments available for rent in 27604.

What is the average rent for an apartment in 27604?

The average rent for an apartment in 27604 is around $1,350 per month.

What is the average rent for a two-bedroom apartment in 27604?

The average rent for a two-bedroom apartment in 27604 is around $1,395 per month.

What is the average rent for a one-bedroom apartment in 27604?

The average rent for a one-bedroom apartment in 27604 is around $700 per month.

Apartments in 27604

Raleigh:
November Rent Report

Welcome to the November 2024 Raleigh 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 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

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

1 BR 2 BR

Raleigh Rent Prices Increase From October to November

Raleigh rent prices increased over the last month. From October to November, the city experienced a 3.08% increase for the price of a one-bedroom apartment. The rent price for a Raleigh one-bedroom apartments currently stands at $1,172.0.

When we take a look at the two-bedroom comparison from October to November, Raleigh experienced a -0.06% decrease for the price of a two-bedroom apartment. The rent price for a Raleigh two-bedroom apartments currently stands at $1,645.0.

November Prices: Raleigh vs. Surrounding Areas

Wake Forest, NC

Apex, NC

Garner, NC

Cary, NC

Morrisville, NC

Knightdale, NC

Clayton, NC

Raleigh, NC

$1,527

$1,460

$1,423

$1,351

$1,335

$1,327

$1,210

$1,172

$500

$1,000

$1,500

$2,000

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 4 of the Raleigh suburbs increased last month. On the other hand, 3 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, Garner, NC .
Rent decreased in Morrisville, NC, Wake Forest, NC, Knightdale, NC.
7 suburbs are currently priced higher than the city of Raleigh.

November 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

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,172

$1,400

$2,800

$4,200

$5,600

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 November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Raleigh, NC	$1,172.0	3.08%	$1,645.0	-0.06%
Cary, NC	$1,351.0	0.67%	$1,663.0	-0.36%
Morrisville, NC	$1,335.0	-1.40%	$1,709.0	-0.76%
Apex, NC	$1,460.0	2.60%	$1,699.0	-2.02%
Clayton, NC	$1,210.0	6.70%	$1,583.0	0.06%
Wake Forest, NC	$1,527.0	-0.07%	$1,724.0	-1.82%
Garner, NC	$1,423.0	0.21%	$1,607.0	0.38%
Knightdale, NC	$1,327.0	-0.97%	$1,561.0	4.91%

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.