Rental market snapshot for Northwest Raleigh, Raleigh
Northwest Raleigh rental market summary
The rental market in Northwest Raleigh, North Carolina is showing signs of stability. In July of 2023, there were 673 new listings, indicating that the market is still active. The median rent for the area has remained relatively unchanged, with a slight decrease of .3% from June to July of 2023. This is a much smaller decrease than the .5% decrease from July of 2022 to July of 2023. This indicates that the rental market in Northwest Raleigh is stable and not seeing any major changes in rent prices.
Overall, the rental market in Northwest Raleigh is showing signs of stability. With a steady number of new listings and only minor fluctuations in rent prices, the market is in a good place. This is good news for both renters and landlords in the area, as it indicates that the market is healthy and not seeing any major changes.
Median rent for all residential properties in Northwest Raleigh
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The most expensive listings and top trending buildings in Northwest Raleigh
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3418 Edgemont Dr | $12,000 | 4 / 5.0 |
| 11524 Auldbury Way | $3,750 | 4 / 3.5 |
| 3709 Nova Star Ln | $3,555 | 3 / 3.0 |
| 9817 Castain Dr | $3,500 | 2 / 2.5 |
| 4408 Marriott Dr | $3,250 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar Senior Housing | $1,903 |
| Wood Partners | $1,701 |
| Wood Residential Services | $1,694 |
| Grayco Properties LLC | $1,620 |
| Greystar* | $1,588 |
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Bedroom Breakdown in Northwest Raleigh
Northwest Raleigh neighborhood apartments rents
The rental market for studios in Northwest Raleigh, North Carolina is showing signs of growth. In July 2023, there were 9 new studio listings, which is a positive sign for the market. The median rent for studios in July 2023 was $1,448, which is a 1.3% increase from the median rent in June 2023 of $1,430. This indicates that the rental market for studios in Northwest Raleigh is on the rise, and that renters should expect to pay slightly more for studios in the area.
The rental market for 1-bedroom apartments in Northwest Raleigh, North Carolina is showing signs of growth. In July 2023, there were 110 new 1-bedroom listings, a 2.8% increase in median rent from June 2023 to July 2023, and a median rent of $1,432. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Northwest Raleigh, North Carolina is showing signs of growth. In July 2023, there were 102 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,658, which is a 2.8% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Northwest Raleigh is looking positive.