Average Rent in 27502, Wake County, NC

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Current Versus Historical 27502, Wake County, NC Rents

27502 rentals average $0 for a studio rental to $2,498 for a 4-bedroom rental. The median price of all currently available listings is $2,350, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $177 (-8.85%) year-over-year from $2,002 to $1,825. 1-bedroom rentals prices have decreased by $628 (-47.04%) year-over-year from $1,335 to $707. 2-bedroom rentals prices have decreased by $118 (-6.91%) year-over-year from $1,713 to $1,595. 3-bedroom rentals prices have increased by $126 (6.07%) year-over-year from $2,074 to $2,200. 4-bedroom rentals prices have increased by $51 (2.05%) year-over-year from $2,474 to $2,525. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 41.11% this month. 1-bedroom rents have gone up by 2.51% this month. 2-bedroom rents have gone down by 6.91% this month. 3-bedroom rents have gone up by 0.53% this month. 4-bedroom rents have gone up by 3.17% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$1.30	$1,595	$1,713 (-6.91%)	$1,158 (37.70%)
3 BR	$1.13	$2,200	$2,074 (6.07%)	$1,713 (28.40%)
4+ BR	$1.07	$2,525	$2,474 (2.05%)	$2,080 (21.39%)

Historical Rents in 27502, Wake County, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 27502

There are a total of 4 cities nearby 27502. The average rent in 27502 is currently $1,950 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Fayetteville, NC, with an average rent of $1,350, is the most affordable city nearby. In contrast, the most expensive city near 27502, Wake County, NC is Cary, NC. Monthly rents here are on average $2,295 per month.

Let's compare 27502, Wake County, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in 27502, Wake County, NC is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 27502, Wake County, NC are about 0.29% more affordable. Finally, rent for three bedrooms are about 6.40% more expensive. Want more information? Check out the top 4 cities near 27502, Wake County, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Fayetteville, NC	N/A	$845	$980	$1,350
Raleigh, NC	$1,350	$1,298	$1,700	$1,900
Durham, NC	$1,298	$1,752	$1,799	$2,000
Cary, NC	$1,900	N/A	$1,700	$2,295

Top Neighborhoods Near 27502

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 27502

Some of these counties include Cumberland, NC, Johnston, NC, and Orange, NC. The average rent for rentals in these counties is $1,993. That's roughly around $1 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Cumberland, NC. It's average rent per month is $1,350. Vice versa, with an average rent of $2,500, Moore, NC is the most expensive county by 27502, Wake County, NC.

Typically, rent for studios in 27502, Wake County, NC is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 27502, Wake County, NC is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 27502, Wake County, NC is 1.55% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cumberland, NC	N/A	$845	$995	$1,350
Johnston, NC	N/A	$1,220	$1,468	$1,725
Orange, NC	N/A	$1,385	$1,638	$1,885
Wake, NC	$1,800	$1,300	$1,700	$2,100
Durham, NC	$1,300	$1,686	$1,800	$2,100
Moore, NC	$375,000	N/A	$1,800	$2,500

Top Zipcodes Near 27502

There are a total of 11 zipcodes in or near 27502, Wake County, NC. The average rent for all of these zipcodes is $1,895. A total of 10 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 28303, Fayetteville, NC at $1,150 per month. In comparison, the zipcode with the most expensive average rent of $2,425 per month is 27519, Cary, NC.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 27502, Wake County, NC is $823 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,623 per month. Which comes out to $1 per sqft. The following chart includes the top 10 zipcodes in 27502, Wake County, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
28314, Fayetteville, NC	N/A	$885	$1,100	$1,430
27560, Morrisville, NC	N/A	N/A	$1,795	$2,195
28304, Fayetteville, NC	N/A	$823	$900	$1,395
27519, Cary, NC	N/A	N/A	$1,845	$2,425
28303, Fayetteville, NC	N/A	$825	$900	$1,150
27610, Raleigh, NC	N/A	N/A	$1,447	$1,845
27703, Durham County, NC	N/A	N/A	$1,623	$2,198
27603, Garner, NC	$850	$600	$1,698	$2,000
27616, Raleigh, NC	N/A	$1,250	$1,623	$1,895
27520, Johnston County, NC	N/A	$1,125	$1,395	$1,795

Frequently Asked Questions - 27502 Average Rents

What is the average rent price in 27502, Wake County, NC?

The average monthly rental price for 27502, Wake County, NC apartments for rent is approximately $2,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 27502, Wake County, NC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 27502, Wake County, NC.

How much is a studio apartment in 27502, Wake County, NC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 27502.

How much is a one bedroom apartment in 27502, Wake County, NC?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in 27502.

How much is a two bedroom apartment in 27502, Wake County, NC?

The average monthly rental price for two bedroom apartments is $1,695 and an average price per square feet of $1.30. There are a total of 2 two bedroom apartment listings currently available for rent in 27502.

How have rent prices in 27502, Wake County, NC changed this year?

Rent prices for rentals in 27502, Wake County, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.09%, one bedroom rental prices have changed by -0.47%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in 27502, Wake County, NC?

A reasonable rent price in 27502, Wake County, NC is around $1,880/month. You can search for these reasonably priced rental listings on RentHop.