Average Rent in Raleigh, NC
Raleigh anchors the Research Triangle with NC State, Duke, and UNC nearby. A thriving tech and biotech sector drives growth while rents remain reasonable compared to coastal tech hubs.
+1.5%YoY
Studio
$1,150
1-Bedroom
$1,400
2-Bedroom
$1,650
3-Bedroom
$2,050
Market Overview
Year-over-Year Change+1.5%
Vacancy Rate6%
Renter Population46%
Median Income$63,891/yr
Rent-to-Income Ratio26.3%
Cost of Living Index95 (US avg: 100)
Market Condition
Balanced Market
Market is relatively balanced between landlords and tenants.
Tenant Protections
- Security deposit limited to 2 months rent
- Deposit return within 30 days
- No rent control (state preemption)
- Landlord must maintain fit and habitable premises
Rent by Neighborhood in Raleigh
Downtown Raleigh
Growing urban core with restaurants, museums, and Warehouse District.
Walk Score: 78Safety: 7/10
1-Bed
$1,650
2-Bed
$2,000
3-Bed
$2,450
North Hills
Mixed-use town center with shopping, dining, and office space.
Walk Score: 55Safety: 8/10
1-Bed
$1,500
2-Bed
$1,850
3-Bed
$2,250
Glenwood South
Entertainment district with rooftop bars and trendy restaurants.
Walk Score: 75Safety: 7/10
1-Bed
$1,550
2-Bed
$1,900
3-Bed
$2,300
Cary
Safe suburb with top schools, greenways, and family amenities.
Walk Score: 30Safety: 9/10
1-Bed
$1,350
2-Bed
$1,600
3-Bed
$2,000
Tips for Renting in Raleigh
- 1Research Triangle offers competitive salaries that keep rent-to-income ratios low
- 2New construction is everywhere - use competing offers to negotiate
- 3Greenway trail system connects many neighborhoods for biking and running
- 4Hurricane season can bring flooding - check flood maps before signing
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