Average Rent in 27604, Raleigh, NC

Current Versus Historical 27604, Raleigh, NC Rents

27604 rentals average $1,329 for a 1-bedroom rental to $2,600 for a 4-bedroom rental. The median price of all currently available listings is $1,875, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $80 (7.89%) year-over-year from $1,019 to $1,100. 1-bedroom rentals prices have increased by $288 (20.03%) year-over-year from $1,436 to $1,724. 2-bedroom rentals prices have increased by $153 (10.60%) year-over-year from $1,447 to $1,600. 3-bedroom rentals prices have increased by $72 (3.73%) year-over-year from $1,923 to $1,995. 4-bedroom rentals prices have increased by $178 (7.69%) year-over-year from $2,319 to $2,498. 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 0.00% this month. 1-bedroom rents have gone up by 7.24% this month. 2-bedroom rents have gone up by 5.61% this month. 3-bedroom rents have gone up by 0.76% this month. 4-bedroom rents have gone up by 4.46% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.71	$1,724	$1,436 (20.03%)	$1,290 (33.68%)
2 BR	$1.44	$1,600	$1,447 (10.60%)	$1,417 (12.95%)
3 BR	$1.24	$1,995	$1,923 (3.73%)	$1,567 (27.34%)
4+ BR	$0.98	$2,498	$2,319 (7.69%)	$2,169 (15.14%)

Historical Rents in 27604, Raleigh, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 27604

There are a total of 3 cities nearby 27604. The average rent in 27604 is currently $2,013 per month. Our records show that Raleigh, NC, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 27604, Raleigh, NC is Cary, NC. Monthly rents here are on average $2,295 per month.

Let's compare 27604, Raleigh, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in 27604, Raleigh, NC is inf% more affordable than other cities nearby. One bedrooms are about 2.33% more expensive. Two bedrooms in 27604, Raleigh, NC are about 7.05% more affordable. Finally, rent for three bedrooms are about 5.26% more affordable. Want more information? Check out the top 3 cities near 27604, Raleigh, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,350	$1,298	$1,700	$1,900
Durham, NC	$1,298	$1,752	$1,800	$2,013
Cary, NC	$1,900	N/A	$1,700	$2,295

Top Neighborhoods Near 27604

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 27604

Some of these counties include Johnston, NC, Orange, NC, and Wake, NC. The average rent for rentals in these counties is $1,998. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Johnston, NC. It's average rent per month is $1,725. Vice versa, with an average rent of $2,129, Durham, NC is the most expensive county by 27604, Raleigh, NC.

Typically, rent for studios in 27604, Raleigh, NC is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 27604, Raleigh, NC is 0.68% more affordable than other counties nearby. Finally, rent for two bedrooms in 27604, Raleigh, NC is 6.27% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Johnston, NC	N/A	$1,220	$1,468	$1,725
Orange, NC	N/A	$1,375	$1,675	$1,895
Wake, NC	$1,800	$1,300	$1,700	$2,100
Durham, NC	$1,300	$1,686	$1,825	$2,129

Top Zipcodes Near 27604

There are a total of 7 zipcodes in or near 27604, Raleigh, NC. The average rent for all of these zipcodes is $2,000.

The following chart includes the top 7 zipcodes in 27604, Raleigh, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27560, Morrisville, NC	N/A	N/A	$1,795	$2,195
27519, Cary, NC	N/A	N/A	$1,845	$2,450
27610, Raleigh, NC	N/A	N/A	$1,548	$1,847
27703, Durham County, NC	N/A	N/A	$1,623	$2,200
27603, Garner, NC	$850	$600	$1,698	$2,000
27616, Raleigh, NC	N/A	$1,250	$1,623	$1,895
27701, Durham, NC	$1,298	$1,800	$2,495	$1,902

Frequently Asked Questions - 27604 Average Rents

What is the average rent price in 27604, Raleigh, NC?

The average monthly rental price for 27604, Raleigh, NC apartments for rent is approximately $1,875. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 27604, Raleigh, 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 27604, Raleigh, NC.

How much is a studio apartment in 27604, Raleigh, 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 0 studio apartment listings currently available for rent in 27604.

How much is a one bedroom apartment in 27604, Raleigh, NC?

The average monthly rental price for one bedroom apartments is $1,329 and an average price per square feet of $1.71. There are a total of 4 one bedroom apartment listings currently available for rent in 27604.

How much is a two bedroom apartment in 27604, Raleigh, NC?

The average monthly rental price for two bedroom apartments is $1,588 and an average price per square feet of $1.44. There are a total of 12 two bedroom apartment listings currently available for rent in 27604.

How have rent prices in 27604, Raleigh, NC changed this year?

Rent prices for rentals in 27604, Raleigh, NC can fluctuate yearly. Specifically, studio rental prices have changed by 0.08%, one bedroom rental prices have changed by 0.20%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in 27604, Raleigh, NC?

A reasonable rent price in 27604, Raleigh, NC is around $1,500/month. You can search for these reasonably priced rental listings on RentHop.