Rental market snapshot for West Raleigh, Raleigh
West Raleigh rental market summary
The rental market in West Raleigh, North Carolina is showing signs of growth. In July of 2023, there were 308 new listings, a 4.1% increase from the same time last year. This indicates that the rental market is becoming more competitive, as more people are looking for housing in the area. The median rent in West Raleigh has remained steady at $1,625 since June of 2023, indicating that the rental market is stable and not experiencing any major fluctuations.
Overall, the rental market in West Raleigh is looking positive. The number of new listings is increasing, and the median rent is stable. This is good news for potential renters, as it means that there are more options available and that prices are not likely to increase significantly in the near future. With the current market conditions, West Raleigh is an attractive option for those looking for a place to rent.
Median rent for all residential properties in West Raleigh
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The most expensive listings and top trending buildings in West Raleigh
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1341 Crab Orchard Dr | $3,280 | 4 / 4.0 |
| 5443 Wade Park Blvd | $2,862 | 3 / 2.0 |
| 4908 Liles Rd | $2,800 | 4 / 2.5 |
| 119 Wilmot Dr | $2,600 | 3 / 2.5 |
| 5635 Wade Park Blvd | $2,500 | 4 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Rich Management LLC | $1,582 |
| Camden | $1,513 |
| Towne Properties Asset Mgt Co | $1,509 |
| Greystar* | $1,458 |
| KPM LLC | $1,456 |
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Bedroom Breakdown in West Raleigh
West Raleigh neighborhood apartments rents
The rental market for studios in West Raleigh, North Carolina is showing signs of growth. In July 2023, there was only one new studio listing, but the median rent for studios increased by 17.4% from June 2023 to July 2023, from $1,205 to $1,415. This suggests that demand for studio apartments is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in West Raleigh, North Carolina is showing signs of growth. In July 2023, there were 39 new 1-bedroom listings, which is a 5.5% increase from the previous month. The median rent for 1-bedroom apartments in July 2023 was $1,369, which is 5.5% lower than the median rent in June 2023. This suggests that the rental market is becoming more competitive, with more options available for renters.
The rental market for 2-bedroom apartments in West Raleigh, North Carolina is showing signs of growth. In July 2023, there were 43 new 2-bedroom listings, a 2.6% increase in median rent from June 2023 to July 2023, and a median rent of $1,683. This indicates that the rental market for 2-bedroom apartments in West Raleigh is becoming more competitive and that demand is increasing.