How Much Is the Average Rent in Raleigh, NC?

Raleigh, North Carolina, has become an increasingly attractive destination for individuals and families seeking new opportunities and a vibrant community. This growing popularity naturally leads to questions about the local cost of living, with rental expenses being a primary concern for many.

Overall Rental Averages

The average rental cost across all property types in Raleigh, North Carolina, typically ranges from approximately $1,391 to $1,895 per month, as of August 2025. This figure represents a broad average, encompassing various housing options from smaller apartments to larger single-family homes. It is important to remember that this overall average serves as a baseline, and actual rental prices can differ considerably based on specific property characteristics and locations within the city.

Rent by Property Type

Rental costs in Raleigh vary significantly depending on the type and size of the property. For a studio apartment, the average monthly rent can fall within a range of $1,048 to $1,293. One-bedroom apartments typically command higher rents, averaging between $1,199 and $1,391 per month. Larger living spaces, such as two-bedroom apartments, usually range from $1,439 to $1,633.

These price differences reflect the increased square footage and additional room provided. For those requiring more space, three-bedroom apartments often average between $1,915 and $2,024 monthly. Single-family homes for rent can be even more expensive, with averages around $1,995 per month, reflecting the added privacy and amenities typically associated with such properties. The number of bedrooms and overall living area directly correlate with the rental price, providing a clear progression in cost as property size increases.

Rent by Neighborhood

Rental prices in Raleigh are significantly influenced by the specific neighborhood, reflecting differences in amenities, school districts, and proximity to employment centers. Downtown Raleigh, for example, features average rents around $1,979, indicating its appeal and central location. Other areas, such as North Hills, also tend to have higher average rents, reported at approximately $1,709.

In contrast, neighborhoods like Brier Creek offer rents closer to $1,568, while Cameron Village averages around $1,464. More affordable options can be found in areas such as Winslow Ridge at Sunnybrook, where average rents are around $1,217. The desirability and infrastructure of a neighborhood play a substantial role in determining its rental market value.

Factors Influencing Rental Prices

Several overarching economic and market factors contribute to the current rental prices observed in Raleigh. A robust job market and sustained economic growth continually attract new residents to the area, leading to increased demand for housing. This population influx, coupled with the supply of available rental units, directly impacts pricing dynamics. When demand outpaces supply, rental costs tend to rise. Local development projects, including the construction of new apartment complexes and housing communities, also play a role in shaping the market.

For instance, an increase in new construction in early 2025 contributed to a “renter’s market” in some segments, as more inventory became available. However, the cost of living index in Raleigh, which considers various expenses including housing, remains comparatively lower than the national average, making the city a relatively attractive option. Property taxes paid by landlords represent another component of rental pricing, as these costs are typically factored into the rent charged to tenants. While property tax rates vary, they contribute to the overall operational expenses landlords face. Ultimately, the interplay of economic prosperity, population growth, housing supply, and operational costs dictates the rental landscape in Raleigh.