MAA Vale
4710 Mint Leaf Ln,
Raleigh, NC 27612
1-3 Beds | $1,408 - $2,818
Rental Market Trends in Raleigh, NC
What is the average rent in Raleigh, NC?
$1,345/month
Average Rent
755 Sq Ft
Average Apartment Size
-3.7%
Decrease in the Last Year
As of December 2024, the average rent in Raleigh, NC is $1,345 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Raleigh rent prices are 14% lower than the national average. When you rent an apartment in Raleigh, you can expect to pay about $1,285 per month for a studio, $1,345 for a one-bedroom apartment, and around $1,582 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,890 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Raleigh, NC?
In the past year, rent has decreased by 3.7%, which averages out to $50 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Raleigh, NC
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
11%
$700 - $1,000/month
49%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Raleigh?
Based on current rent prices, Triangle Town Center, East Raleigh and Parkland/Hidden Creek are the most affordable neighborhoods in Raleigh.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Raleigh?
Based on current rent prices, Midtown Raleigh, Capital District and Cameron Village are the most expensive neighborhoods in Raleigh.
Neighborhood
Average Rent
Average Sq Ft
Which Raleigh neighborhoods have the most rentals available?
The neighborhoods in Raleigh with the most apartments available are Downtown Raleigh, Northeast Raleigh and Northwest Raleigh .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Raleigh, NC?
Because the average rent in Raleigh is $1,345, you’ll want to make about $4,483 per month or $53,796 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Raleigh, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Raleigh, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,174/month
$916/month
One Bedroom
$1,245/month
$1,313/month
Two Bedroom
$1,496/month
$1,515/month
Three Bedroom
$1,819/month
$1,833/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.