Median rent for residential apartment in Raleigh, NC as of Aug, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
308 Raleigh, NC, USA apartments for rent
Raleigh
Raleigh, as the capital of North Carolina, is a vibrant city that offers couples and families an array of things to see and do. Referred to as “City of Oaks” due to the abundance of shady oak trees and picturesque tree-lined streets. Raleigh is all about culture, arts, and education. If you like to explore parks, visit diverse museums, dine at great restaurants and go on unique adventures, welcome to Raleigh where there are some prime long-term apartments for rent and tenants are moving in every day.
| Population | 470,509 |
| Median Age | 34.1 |
| Poverty Rate | 14% |
| Household Income | $65,695 |
| Number Of Employees | 261,800 |
| Median Property Value | $268,900 |
City Overview
Raleigh was originally laid out in a grid pattern and was an early example of planned city in the United States. It was chosen as the site of the state capital in 1788 and incorporated in 1792. The twentieth century saw the opening of the Research Triangle Park in 1959, and with the jobs, it created the region, including Raleigh saw a large influx of population, making Raleigh one of the fastest growing communities in the United States by the early 21st century.
Business & Economy
Raleigh is number one on the 2015 Forbes List of being the best place for businesses and careers. Raleigh is part of North Carolina's Research Triangle, one of the country's largest and most successful research parks, and a major center in the United States for high-tech and biotech research, as well as advanced textile development. Companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens BancShares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu.
Climate
Like much of the southeastern United States, Raleigh has a humid subtropical climate with four distinct seasons. Winters are short and generally cool. Summers are warm to hot, and the spring and fall seasons in Raleigh are gorgeous.
Culture
Raleigh is home to numerous cultural, educational, and historic sites. The Duke Energy Center for the Performing Arts, Coastal Credit Union Music Park at Walnut Creek is a large music amphitheater located in southeast Raleigh. Museums in Raleigh include the North Carolina Museum of Art in West Raleigh, as well as the North Carolina Museum of History and North Carolina Museum of Natural Sciences located next to each other near the State Capitol in Downtown Raleigh.
Demographics
Raleigh has a traditional racial composition of the Southern City, with predominant white Protestant population and strong Black community. There is also a big Catholic community of predominantly Irish descent. Numerous religious organizations have headquarters in Raleigh, including New Hope Presbyterian Church, the Episcopal Diocese of North Carolina and the Roman Catholic Diocese of Raleigh.
Historical
Raleigh has a plentiful history and it is the original home to the Native American Iroquoian, Siouan and Algonquian tribes. North Carolina is one of the original 13 colonies and officially called for independence with the Halifax Resolves in 1776. Its original mission was to serve as a place for those traveling north to south or vice versa to stop for a rest. Completed in 1840, the North Carolina Capitol building is, by its own admission "one of the finest and best-preserved examples of a major civic building in the Greek Revival style of architecture.
Landmarks
No matter if your interests lie in visiting historic neighborhoods, preserved antebellum plantations or buildings that have an unexpected story to tell, Raleigh offers historic sites of all kind. You can take The Raleigh Trolley tour to see, The Videri Chocolate Factory in the Warehouse District, Memorial Bell Tower at North Carolina State University, Historic Yates Mill County Park, Executive Mansion, and Lassiter Mill.
Nightlife
As one of the fastest growing city in the US, Raleigh offers many options for the young and the restless when it comes down to nightlife, so make sure you consider checking out Raleigh Times right in downtown, Beasley’s for some great food at a reasonable prices, and Boylan Brewpub for the perfect skyline view. Other places include Father and Son, Helios, Slingshot, Foundation and Capital Club 16.
Transportation
Interstate highways and transportation systems make getting to Raleigh, North Carolina easy with such a wide variety of choices. You can come by plane, train or automobile. Located centrally on the East Coast, Raleigh is halfway between Florida and New York City making transportation easy from the major population centers. In fact, more than half of the United States population lives within a day's drive or an hour's flight from Raleigh.
Housing Trends
How much is an apartment in Raleigh, NC, USA
Average rent in Raleigh: $1,932 (-2.8%)
| Rent Price | Aug | vs Last Month |
|---|---|---|
| Studio rentals | $1,736 | N/A |
| 1 bed rentals | $1,581 | +4.2% |
| 2 bed rentals | $1,918 | +9.3% |
| 3 bed rentals | $1,889 | -5.3% |
| 4+ bed rentals | $2,640 | -8.6% |
Over the Aug 2022, the average rent for an apartment in/near Raleigh, NC decreased by 2.8% to $1,932.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 4.2% to $1,581. Pricing for 2-bed apartment also increased by 9.3% and a place of this size will now cost you $1,918. 3-bed apartment rent pricing starts at $1,889, it decreased by 5.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 8.6% and made it down to $2,640.
| Rent Type Price | Aug | vs Last Month |
|---|---|---|
| Apartment rentals | $1,779 | -2.3% |
| Townhouse rentals | $1,954 | -3.9% |
| Room rentals | $675 | -13.4% |
| House rentals | $2,346 | +0.7% |
| Condo rentals | $1,801 | -6.1% |
| Duplex rentals | $1,525 | N/A |
| Loft rentals | $2,212 | N/A |
The median rent for an apartment in Raleigh, NC decreased by 2.3% to $1,779. Statistics show that house rent price increased by 0.7% this month making it up to $2,346. Condos faced an upward trend these days. The median rent for a condo decreased by 6.1%, it’s now available for $1,801. An average duplex is now available for $1,525, cause median rent for a duplex remains the same this month. The median rent for a loft did not face significant changes this time, it now still goes for $2,212. An average room will now go for $675, the median rent price for a room decreased by 13.4%. The median rent for a townhouse decreased by 3.9%, you’ll have to spend around $1,954 to get one.
Rent vs Own
Finding Apartments for Rent in Raleigh
There is a lot to choose from in Raleigh. With Rentberry, it’s easy to find your perfect long-term Raleigh apartment. Landlords in Raleigh will expect an initial deposit and a 6 or 12-month lease on your rental apartment. Some in-demand amenities include apartments with Elevators, Fireplaces, and those with Utilities Included.
Looking for different kinds of listings? Search thousands of long-term Raleigh houses, apartments, and townhouses here. Search by amenities and select for an apartment with a Balcony. You can also select a Gym, Pool, Hardwood Floor, or anything else you need. Filter by property type. Search 2 and 3 bedroom long-term apartments for rent in Raleigh.
Got pets? See hundreds of pet-friendly Raleigh apartments for rent.
Are you a student? See Raleigh student apartments for rent here. Explore apartments for rent near North Carolina State University and Wake Technical Community College. You and your roommates can apply together online.
Raleigh Neighborhoods
Fayetteville Street
Central Raleigh is the city’s business district and the most walkable location in Raleigh. Fayetteville Street is an oft-visited cosmopolitan, lively hot spot for its state capitol. At Fayetteville street, you’ll be happy to discover plenty apartments for rent near cafes, museums, restaurants and bars. Also, the Raleigh Farmers Market is right downtown, where you can enjoy fresh produce and baked goods.
Glenwood South
Glenwood South is for hipsters and young professionals who crave art, music nightlife and boutique shopping. The selection of Raleigh rentals in Glenwood includes townhouses and apartments for rent with open-air courtyards and urban parks.
Moore Square
Moore Square is historic, diverse and home to independent businesses. As a historic district near the center of Raleigh, Moore Square’s distinct cobblestone sidewalks, galleries, art venues and restaurants. It might be important to note First Fridays and World Beer Festival are held annually in Moore Square.
Warehouse District
Warehouse District has molded to become a trendy artsy neighborhood for young professionals. Red brick warehouses are seeing a new life as updated lofts, bars and places to eat. We recommend The Saturday Market, Contemporary Art Museum, and Pit BBQ Restaurant.
Midtown
Midtown Raleigh has grown to include a mix of offices, shops, homes, restaurants, and hotels. Peaceful, quaint residential areas with suburban vibe surround this hub for activity. With plenty of apartments for rent, you can also enjoy nice walks at the nearby Eastgate Park with you and your family and friends.
Northeast Raleigh
Northeast Raleigh is close-knit, friendly suburban neighborhood for families and young professionals. Northeast Raleigh has many parks such as Buffalo Road Athletic Park, Green Road Park and Spring Forest Road Park. The area offers several notable public and private schools.
Fairmont
Fairmont hosts many students and college grads. Affordable prices and the proximity to Meredith College and North Carolina State University draw students and professors to this cozy, historic neighborhood.
Cameron Village
This neighborhood is convenient and affordable for young professionals and families, and the good news is there are plenty of available apartments for rent. Cameron Village Shopping Center provides shopping, entertainment, and restaurants for residents to enjoy and access to public transportation. The Cameron Village Public Library is easily accessible.