Rental market snapshot for Raleigh, North Carolina

Raleigh, North Carolina Rental Property Market Overview

Raleigh, North Carolina is the state capital and the second-largest city in the state. According to the US Census, the population of Raleigh in 2021 is 469,124. It is a vibrant city with a diverse population, a thriving economy, and a wide range of cultural attractions. Raleigh is home to a number of universities and colleges, as well as numerous parks, museums, and other attractions. The city is also known for its vibrant nightlife and entertainment scene, making it a great place to live and visit.

The average rent for an apartment in Raleigh is $1,941. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Raleigh North Carolina | Cost of Living

  • The most expensive ZIP code in Raleigh is 27608 with an average price of $2,212.
  • The cheapest ZIP code in Raleigh is 27606 with an average price of $1,523.

Raleigh ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
127608$2,212
227615$1,986
327610$1,976
427614$1,965
527605$1,928
627603$1,880
727601$1,866
827609$1,857
927612$1,795
1027617$1,761

Live near Raleigh, North Carolina's Top Sights and Attractions

This attraction is a large outdoor sculpture located in a park in Raleigh. It is a large metal structure that stands over 20 feet tall and is made up of several curved and twisted metal pieces. The sculpture is meant to represent the Dacian people, an ancient civilization that lived in the area thousands of years ago. The sculpture is a popular spot for locals and visitors alike, and is a great place to take photos and enjoy the outdoors.

Walnut Creek Park South is a sprawling outdoor recreation area located in Raleigh, North Carolina. It features a variety of activities, including walking and biking trails, a disc golf course, a playground, picnic areas, and a lake with a fishing pier. The park also has a large open field perfect for sports and other activities. There is plenty of wildlife to observe, including birds, turtles, and other animals. The park is a great place to spend a day outdoors, enjoying nature and the fresh air.

Falls Lake is a large reservoir located in the rolling hills of North Carolina. It is a popular destination for outdoor activities such as fishing, boating, swimming, camping, and hiking. The lake is surrounded by lush forests and offers stunning views of the surrounding landscape. Visitors can also explore the many trails that wind through the area, offering a variety of activities for all ages.

Dorothea Dix Park is a sprawling urban park located on a hilltop overlooking the city. It features over 300 acres of lush green space, including a lake, walking trails, picnic areas, and a variety of recreational activities. The park also has a rich history, with monuments and memorials dedicated to the Civil War, World War I, and Dorothea Dix, the woman for whom the park is named. Visitors can also enjoy stunning views of the city skyline from the park's highest point.

Pullen is an outdoor recreational area located in Raleigh, North Carolina. It features a variety of attractions, including a large lake, a carousel, a train, a playground, a picnic area, and a variety of walking trails. The lake is a popular spot for fishing, canoeing, and paddle boating. The carousel is a classic wooden ride with hand-carved animals. The train is a miniature steam locomotive that takes visitors on a scenic ride around the park. The playground is a great spot for kids to play and explore. The picnic area offers plenty of tables and grills for a family gathering. The walking trails provide a peaceful escape from the hustle and bustle of the city.

The Court of North Carolina is an impressive building located in the heart of the city. It is a three-story structure with a grand entrance and a large dome on top. Inside, visitors can explore the many courtrooms, chambers, and offices that make up the building. The Court of North Carolina is a popular destination for visitors who want to learn more about the state's judicial system and the history of the city.

Crabtree Creek Easement is a scenic nature preserve located in Raleigh, North Carolina. It features a variety of trails for hiking, biking, and horseback riding, as well as a boardwalk that winds through the wetlands. The preserve also offers fishing, kayaking, and bird watching opportunities. Visitors can explore the area's diverse flora and fauna, including a variety of native trees, shrubs, and wildflowers. The preserve is also home to a variety of wildlife, including deer, beavers, and turtles.

Lake Johnson Metro Park is a sprawling outdoor oasis located in the heart of North Carolina. It features a large lake, walking trails, picnic areas, and a variety of recreational activities. Visitors can enjoy fishing, canoeing, kayaking, and paddle-boarding on the lake, or take a leisurely stroll along the trails. The park also offers a variety of educational programs, including nature walks, bird watching, and astronomy classes. With its lush greenery and tranquil atmosphere, Lake Johnson Metro Park is the perfect place to relax and enjoy the beauty of nature.

Walnut Creek North is a popular outdoor recreation area located in Raleigh, North Carolina. It features a variety of activities, including walking and biking trails, a disc golf course, a fishing pond, and a playground. The area is also home to a variety of wildlife, including deer, foxes, and birds. The park is a great place to spend a day outdoors, with plenty of picnic areas and benches for relaxing.

Neuse River Easement is a scenic outdoor area located in Raleigh, North Carolina. It is a popular spot for outdoor activities such as fishing, kayaking, canoeing, and bird watching. The area is home to a variety of wildlife, including beavers, turtles, and a variety of birds. The Neuse River Easement also features a number of trails, picnic areas, and observation decks, making it a great place to explore and enjoy nature.

Raleigh, North Carolina area median rent change by ZIP code map

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How does Raleigh compare to other cities in North Carolina?

citymedian price
Cramerton$2,590
Sanford$1,950
Gastonia$1,790
Tarboro$1,775
Snow Hill$1,649
Lillington$1,590
Raeford$1,495
Spencer$1,495

Average household income in Raleigh area graph - US Census

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The median household income in Raleigh in 2021 was $72,996. This represents a 35.9% change from 2011 when the median was $53,699.

#categorypercent
0Less than $10,0003.9%
1$10,000 to $14,9993.0%
2$15,000 to $19,9993.1%
3$20,000 to $24,9993.8%
4$25,000 to $29,9994.0%
5$30,000 to $34,9994.6%
6$35,000 to $39,9994.3%
7$40,000 to $44,9994.4%
8$45,000 to $49,9994.2%
9$50,000 to $59,9997.5%
10$60,000 to $74,99910.5%
11$75,000 to $99,99913.4%
12$100,000 to $124,9999.2%
13$125,000 to $149,9996.9%
14$150,000 to $199,9997.6%
15$200,000 or more9.2%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Raleigh is $1,941.
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