Average Rent in 27606, Wake County, NC

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Current Versus Historical 27606, Wake County, NC Rents

27606 rentals average $1,023 for a 1-bedroom rental to $2,550 for a 4-bedroom rental. The median price of all currently available listings is $1,625, or roughly $17 per square feet.

For the apartment units and housing in July 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $940 (64.38%) year-over-year from $1,460 to $2,400. 1-bedroom rentals prices have increased by $183 (21.73%) year-over-year from $840 to $1,023. 2-bedroom rentals prices have increased by $99 (7.07%) year-over-year from $1,399 to $1,498. 3-bedroom rentals prices have decreased by $30 (-1.54%) year-over-year from $1,964 to $1,934. 4-bedroom rentals prices have decreased by $768 (-23.13%) year-over-year from $3,318 to $2,550. 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 up by 27.43% this month. 1-bedroom rents have gone down by 4.66% this month. 2-bedroom rents have gone up by 9.64% this month. 3-bedroom rents have gone up by 0.88% this month. 4-bedroom rents have gone up by 7.03% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$24.33	$1,023	$840 (21.73%)	$1,095 (-6.62%)
2 BR	$15.74	$1,498	$1,399 (7.07%)	$1,424 (5.15%)
3 BR	$15.47	$1,934	$1,964 (-1.54%)	$1,883 (2.69%)
4+ BR	$17.91	$2,550	$3,318 (-23.13%)	$2,800 (-8.93%)

Historical Rents in 27606, Wake County, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 27606

There are a total of 9 cities nearby 27606. The average rent in 27606 is currently $1,995 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Greensboro, NC, with an average rent of $1,213, is the most affordable city nearby. In contrast, the most expensive city near 27606, Wake County, NC is Cary, NC. Monthly rents here are on average $2,299 per month.

Let's compare 27606, Wake County, NC's rent against other top cities nearby by bedroom size. One bedrooms are about 35.55% more affordable. Two bedrooms in 27606, Wake County, NC are about 6.67% more affordable. Finally, rent for three bedrooms are about 3.41% more affordable. Want more information? Check out the top 9 cities near 27606, Wake County, NC in the following table.

City	Studio	1 Bed	2 Bed	All
Greensboro, NC	$808	$865	$1,085	$1,213
Fayetteville, NC	N/A	$800	$1,100	$1,500
Raleigh, NC	$1,849	$1,250	$1,595	$1,850
Chapel Hill, NC	N/A	$1,690	$1,725	$1,948
Wake Forest, NC	$2,300	$1,395	$1,700	$1,995
Durham, NC	$2,050	$1,375	$1,600	$1,995
Morrisville, NC	$2,100	$1,500	$1,750	$2,185
Apex, NC	$4,000	$1,386	$1,584	$2,200
Cary, NC	$2,400	$1,639	$1,800	$2,299

Top Neighborhoods Near 27606

There are a total of 6 neighborhoods in or near 27606. Some of these neighborhoods include Terry Sanford, Westover, and Douglas Byrd. We've included all of these top 6 neighborhoods in or near 27606, Wake County, NC in the following table.

The average rent for these 6 neighborhoods in or near 27606, Wake County, NC is currently around $1,538 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is less than 27606's average rent, which is actually $1,625. Out of all the neighborhoods in or near 27606, Terry Sanford has the most affordable average rent at $1,400 per month. Whereas, at $1,925 average rent per month, Jack Britt is the most expensive neighborhood in or near 27606. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Terry Sanford, Fayetteville, NC	N/A	$860	$1,200	$1,400
Westover, Fayetteville, NC	N/A	$725	$1,025	$1,400
Douglas Byrd, Fayetteville, NC	N/A	$800	$1,200	$1,500
South View, Hope Mills, NC	N/A	$875	$1,095	$1,575
Seventy-First, Fayetteville, NC	N/A	$899	$998	$1,595
Jack Britt, Fayetteville, NC	N/A	N/A	$1,475	$1,925

Top Counties Near 27606

There are a total of 8 counties located by 27606, Wake County, NC. Some of these counties include Guilford, NC, Cumberland, NC, and Johnston, NC. The average rent for rentals in these counties is $1,894. That's roughly around $14 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Guilford, NC. Its average rent per month is $1,250. Vice versa, with an average rent of $2,050, Wake, NC is the most expensive county by 27606, Wake County, NC.

In comparison, rent for one bedroom listings in 27606, Wake County, NC is 7.09% more affordable than other counties nearby. Finally, rent for two bedrooms in 27606, Wake County, NC is 5.92% 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	$808	$825	$1,045	$1,250
Cumberland, NC	N/A	$825	$1,099	$1,500
Johnston, NC	N/A	$1,195	$1,375	$1,809
Harnett, NC	$1,400	$995	$1,398	$1,887
Hoke, NC	N/A	N/A	$1,425	$1,900
Orange, NC	$1,600	$1,690	$1,773	$1,995
Durham, NC	$2,050	$1,375	$1,663	$2,025
Wake, NC	$2,000	$1,320	$1,600	$2,050

Top Zipcodes Near 27606

There are a total of 18 zipcodes in or near 27606, Wake County, NC. The average rent for all of these zipcodes is $1,945. A total of 5 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 $1,373 per month. In comparison, the zipcode with the most expensive average rent of $2,299 per month is 27519, Cary, NC.

Studios in these zipcodes have an average rent of $1,522. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 27606, Wake County, NC is $1,274 per month. Or in other words, $19 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,535 per month. Which comes out to $16 per sqft. The following table includes the top 10 zipcodes in 27606, Wake County, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27603, Garner, NC	$2,000	$1,536	$2,249	$2,000
27610, Raleigh, NC	$1,850	$895	$1,345	$1,838
27519, Cary, NC	$2,425	$1,626	$1,850	$2,299
27604, Raleigh, NC	$1,195	$1,347	$1,495	$1,625
27560, Morrisville, NC	$2,100	$1,448	$1,800	$2,195
27513, Cary, NC	$3,138	$1,743	$1,795	$2,295
27502, Wake County, NC	$4,000	$1,457	$1,584	$2,248
27616, Raleigh, NC	$1,899	$1,424	$1,575	$1,895
27703, Durham County, NC	N/A	$1,395	$1,600	$2,196
27520, Johnston County, NC	N/A	$1,195	$1,463	$1,895

Frequently Asked Questions - 27606 Average Rents

What is the average rent price in 27606, Wake County, NC?

The average monthly rental price for 27606, Wake County, NC apartments for rent is approximately $1,625. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 27606, 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 27606, Wake County, NC.

How much is a one bedroom apartment in 27606, Wake County, NC?

The average monthly rental price for one bedroom apartments is $1,023 and an average price per square feet of $24.33. There are a total of 8 one bedroom apartment listings currently available for rent in 27606.

How much is a two bedroom apartment in 27606, Wake County, NC?

The average monthly rental price for two bedroom apartments is $1,500 and an average price per square feet of $15.74. There are a total of 25 two bedroom apartment listings currently available for rent in 27606.

How have rent prices in 27606, Wake County, NC changed this year?

Rent prices for rentals in 27606, Wake County, NC can fluctuate yearly. Specifically, studio rental prices have changed by 0.64%, one bedroom rental prices have changed by 0.22%, two bedroom rental prices have changed by 0.07%, three bedroom rental prices have changed by -0.02% year-over-year.

What is a reasonable rent price in 27606, Wake County, NC?

A reasonable rent price in 27606, Wake County, NC is around $1,300/month. You can search for these reasonably priced rental listings on RentHop.