Rental market snapshot for South Raleigh, Raleigh
South Raleigh rental market summary
The rental market in South Raleigh, North Carolina, is showing signs of growth. In July 2023, there were 2,199 new listings, a significant increase from the previous month. The median rent for the area also increased from $1,895 in June 2023 to $1,925 in July 2023, representing a 1.6% increase. This is a continuation of the trend from the previous year, with the median rent increasing from $1,865 in July 2022 to $1,925 in July 2023, a 3.2% increase. This indicates that the rental market in South Raleigh is continuing to grow, with more listings and higher rents.
The increasing rental market in South Raleigh is likely due to the area's growing popularity. South Raleigh is home to a variety of attractions, including museums, parks, and restaurants, making it an attractive destination for renters. Additionally, the area is close to downtown Raleigh, providing easy access to jobs and other amenities. With more people looking to rent in the area, the rental market is likely to continue to grow in the coming months.
Median rent for all residential properties in South Raleigh
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The most expensive listings and top trending buildings in South Raleigh
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 901 Hadley Rd | $3,495 | 6 / 4.0 |
| 2925 Ranburne Dr | $3,060 | 4 / 2.5 |
| 1908 Cartier Ruby Ln | $3,030 | 3 / 2.5 |
| 853 Cross Link Rd | $2,845 | 4 / 3.0 |
| 853 Cross Link Road | $2,845 | 4 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $750 |
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Bedroom Breakdown in South Raleigh
South Raleigh neighborhood apartments rents
Uh-oh! Looks like we don't have any data in South Raleigh, North Carolina, for studios.
The rental market for 1-bedroom apartments in South Raleigh, North Carolina, is expected to remain relatively stable in March 2022, with only one new listing. The median rent for 1-bedroom apartments is currently estimated to be $750, though it is not known what the median rent was in February 2022 or what the percent change in rent was from February to March. Overall, the rental market for 1-bedroom apartments in South Raleigh appears to be relatively stable.
The rental market for 2-bedroom apartments in South Raleigh, North Carolina, in July 2023 is relatively stable. There was only one new listing in July, and the median rent for 2-bedroom apartments remained the same from June to July at $1,350. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.