Average Rent in 27502, Wake County, NC

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Current Versus Historical 27502, Wake County, NC Rents

27502 rentals average $4,250 for a studio rental to $2,450 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $13 per square feet.
For the apartment units and housing in July 2026, median rents have risen over the last year. Studio rentals prices have increased by $1,783 (80.45%) year-over-year from $2,217 to $4,000. 1-bedroom rentals prices have increased by $71 (5.10%) year-over-year from $1,385 to $1,456. 2-bedroom rentals prices have decreased by $203 (-11.45%) year-over-year from $1,771 to $1,568. 3-bedroom rentals prices have increased by $75 (3.49%) year-over-year from $2,148 to $2,223. 4-bedroom rentals prices have decreased by $160 (-6.03%) year-over-year from $2,655 to $2,495. 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 2.57% this month. 1-bedroom rents have gone up by 4.95% this month. 2-bedroom rents have gone down by 8.89% this month. 3-bedroom rents have gone up by 2.30% this month. 4-bedroom rents have gone down by 5.13% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $11.70 $4,000 $2,217 (80.45%) $2,114 (89.25%)
1 BR $21.85 $1,456 $1,385 (5.10%) $1,145 (27.12%)
2 BR $16.29 $1,568 $1,771 (-11.45%) $1,763 (-11.08%)
3 BR $13.34 $2,223 $2,148 (3.49%) $2,098 (5.92%)
4+ BR $12.76 $2,495 $2,655 (-6.03%) $2,475 (0.81%)

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 8 cities nearby 27502. The average rent in 27502 is currently $1,993 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Fayetteville, NC, with an average rent of $1,500, 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 $2,300 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 68.71% more expensive than other cities nearby. One bedrooms are about 4.50% more expensive. Two bedrooms in 27502, Wake County, NC are about 2.04% more affordable. Finally, rent for three bedrooms are about 6.46% more expensive. Want more information? Check out the top 8 cities near 27502, Wake County, NC in the following table.
City Studio 1 Bed 2 Bed All
Fayetteville, NC N/A $825 $1,113 $1,500
Raleigh, NC $1,700 $1,250 $1,600 $1,850
Chapel Hill, NC N/A $1,659 $1,713 $1,950
Durham, NC $960 $1,395 $1,600 $1,990
Fuquay-Varina, NC N/A $900 $1,473 $1,995
Apex, NC $4,000 $1,385 $1,568 $2,250
Morrisville, NC $2,100 $1,500 $1,750 $2,295
Cary, NC $2,375 $1,684 $1,845 $2,300

Top Neighborhoods Near 27502

There are a total of 6 neighborhoods in or near 27502. Some of these neighborhoods include Terry Sanford, Westover, and Douglas Byrd. We've included all of these top 6 neighborhoods in or near 27502, Wake County, NC in the following table.

The average rent for these 6 neighborhoods in or near 27502, Wake County, NC is currently around $1,500 per month. A total of 6 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than 27502's average rent, which is actually $2,300. Out of all the neighborhoods in or near 27502, Terry Sanford has the most affordable average rent at $1,350 per month. Whereas, at $1,950 average rent per month, Jack Britt is the most expensive neighborhood in or near 27502. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Terry Sanford, Fayetteville, NC N/A $885 $1,195 $1,350
Westover, Fayetteville, NC N/A $825 $1,100 $1,463
Douglas Byrd, Fayetteville, NC N/A $775 $1,200 $1,500
South View, Hope Mills, NC N/A $875 $1,050 $1,500
Seventy-First, Fayetteville, NC N/A $899 $1,000 $1,575
Jack Britt, Fayetteville, NC N/A N/A $1,475 $1,950

Top Counties Near 27502

There are a total of 8 counties located by 27502, Wake County, NC. Some of these counties include Guilford, NC, Cumberland, NC, and Johnston, NC. The average rent for rentals in these counties is $1,900. That's roughly around $14 per sqft. A total of 8 counties have a lower average rent. The county that is the most affordable is Guilford, NC. Its average rent per month is $1,290. Vice versa, with an average rent of $2,100, Orange, NC is the most expensive county by 27502, Wake County, NC.

Typically, rent for studios in 27502, Wake County, NC is 90.06% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 27502, Wake County, NC is 25.54% more expensive than other counties nearby. Finally, rent for two bedrooms in 27502, Wake County, NC is 7.61% more expensive than other counties nearby. We've listed all of these counties in the table below.
County Studio 1 Bed 2 Bed All
Guilford, NC $845 $795 $1,175 $1,290
Cumberland, NC N/A $838 $1,100 $1,540
Johnston, NC N/A $1,195 $1,397 $1,827
Harnett, NC $1,500 $973 $1,423 $1,850
Hoke, NC N/A N/A $1,475 $1,950
Durham, NC $960 $1,395 $1,685 $2,000
Wake, NC $2,095 $1,381 $1,600 $2,077
Orange, NC N/A $1,659 $1,748 $2,100

Top Zipcodes Near 27502

There are a total of 17 zipcodes in or near 27502, Wake County, NC. The average rent for all of these zipcodes is $1,895. A total of 17 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 28303, Fayetteville, NC at $1,425 per month. In comparison, the zipcode with the most expensive average rent of $2,300 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 $1,100 per month. Or in other words, $17 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,473 per month. Which comes out to $16 per sqft. The following table 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
27519, Cary, NC $2,400 $1,625 $1,850 $2,300
27610, Raleigh, NC $1,900 $1,097 $1,398 $1,895
27560, Morrisville, NC $2,125 $1,448 $1,795 $2,250
27603, Garner, NC $1,475 $1,535 $2,175 $1,995
27703, Durham County, NC N/A $1,395 $1,589 $2,190
27713, Durham, NC N/A $1,100 $1,700 $1,998
27606, Wake County, NC $2,400 $870 $1,495 $1,700
27604, Raleigh, NC $1,145 $1,401 $1,510 $1,600
27616, Raleigh, NC N/A $1,423 $1,550 $1,850
28314, Fayetteville, NC N/A $700 $1,100 $1,600

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 $2,300. 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 $4,250 and an average price per square feet of $11.70. There are a total of 2 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 $1,456 and an average price per square feet of $21.85. There are a total of 2 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 $1,568 and an average price per square feet of $16.29. There are a total of 5 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 0.80%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.11%, three bedroom rental prices have changed by 0.03% 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 $1,840/month. You can search for these reasonably priced rental listings on RentHop.
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