Average Rent in Central Raleigh, Raleigh, NC

Current Versus Historical Central Raleigh, Raleigh, NC Rents

Central Raleigh rentals average $1,500 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,195, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $831 (-48.13%) year-over-year from $1,726 to $895. 1-bedroom rentals prices have decreased by $667 (-30.79%) year-over-year from $2,167 to $1,500. 2-bedroom rentals prices have decreased by $663 (-23.18%) year-over-year from $2,861 to $2,198. 3-bedroom rentals prices have increased by $26 (1.05%) year-over-year from $2,449 to $2,475. 4-bedroom rentals prices have decreased by $1,428 (-42.91%) year-over-year from $3,328 to $1,900. 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 27.61% this month. 1-bedroom rents have gone down by 14.56% this month. 2-bedroom rents have gone down by 4.82% this month. 3-bedroom rents have gone down by 19.95% this month. 4-bedroom rents have gone down by 8.06% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.24	$1,500	$2,167 (-30.79%)	$1,618 (-7.26%)
2 BR	$1.76	$2,198	$2,861 (-23.18%)	$2,187 (0.47%)
3 BR	$1.94	$2,475	$2,449 (1.05%)	$1,523 (62.47%)

Historical Rents in Central Raleigh, Raleigh, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Central Raleigh

There are a total of 3 cities nearby Central Raleigh. The average rent in Central Raleigh is currently $2,000 per month. A total of 2 cities nearby have an average rent lower than that. 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 Central Raleigh, Raleigh, NC is Cary, NC. Monthly rents here are on average $2,200 per month.

Let's compare Central Raleigh, Raleigh, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Central Raleigh, Raleigh, NC is inf% more affordable than other cities nearby. One bedrooms are about 10.00% more expensive. Two bedrooms in Central Raleigh, Raleigh, NC are about 20.93% more expensive. Finally, rent for three bedrooms are about 23.29% more expensive. Want more information? Check out the top 3 cities near Central Raleigh, Raleigh, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,375	$1,350	$1,698	$1,900
Durham, NC	$1,298	$1,718	$1,800	$2,000
Cary, NC	$1,900	N/A	$1,700	$2,200

Top Neighborhoods Near Central Raleigh

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Central Raleigh

Some of these counties include Johnston, NC, Orange, NC, and Wake, NC. The average rent for rentals in these counties is $1,973. That's roughly around $1 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Johnston, NC. It's average rent per month is $1,700. Vice versa, with an average rent of $2,100, Durham, NC is the most expensive county by Central Raleigh, Raleigh, NC.

Typically, rent for studios in Central Raleigh, Raleigh, NC is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Central Raleigh, Raleigh, NC is 8.90% more expensive than other counties nearby. Finally, rent for two bedrooms in Central Raleigh, Raleigh, NC is 22.44% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Johnston, NC	$2,898	$1,220	$1,440	$1,700
Orange, NC	N/A	$1,375	$1,635	$1,850
Wake, NC	$1,800	$1,358	$1,700	$2,095
Durham, NC	$1,300	$1,673	$1,800	$2,100

Top Zipcodes Near Central Raleigh

There are a total of 10 zipcodes in or near Central Raleigh, Raleigh, NC. The average rent for all of these zipcodes is $1,950. A total of 7 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 27520, Johnston County, NC at $1,795 per month. In comparison, the zipcode with the most expensive average rent of $2,395 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 Central Raleigh, Raleigh, NC is $563 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,695 per month. Which comes out to $1 per sqft. The following chart includes the top 10 zipcodes in Central Raleigh, Raleigh, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27604, Raleigh, NC	N/A	$1,321	$1,575	$1,900
27610, Raleigh, NC	N/A	N/A	$1,495	$1,849
27603, Garner, NC	$850	$1,350	$2,025	$2,000
27616, Raleigh, NC	N/A	$1,250	$1,595	$1,898
27560, Morrisville, NC	N/A	N/A	$1,748	$2,195
27519, Cary, NC	N/A	N/A	$1,823	$2,395
27520, Johnston County, NC	N/A	$1,125	$1,395	$1,795
27703, Durham County, NC	N/A	N/A	$1,695	$2,198
27502, Wake County, NC	N/A	N/A	$1,695	$2,300
27701, Durham, NC	$1,298	$1,788	$2,495	$1,894

Frequently Asked Questions - Central Raleigh Average Rents

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

The average monthly rental price for Central Raleigh, Raleigh, NC apartments for rent is approximately $2,195. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Central Raleigh, 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 Central Raleigh, Raleigh, NC.

How much is a studio apartment in Central Raleigh, 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 Central Raleigh.

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

The average monthly rental price for one bedroom apartments is $1,500 and an average price per square feet of $2.24. There are a total of 7 one bedroom apartment listings currently available for rent in Central Raleigh.

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

The average monthly rental price for two bedroom apartments is $2,150 and an average price per square feet of $1.76. There are a total of 19 two bedroom apartment listings currently available for rent in Central Raleigh.

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

Rent prices for rentals in Central Raleigh, Raleigh, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.48%, one bedroom rental prices have changed by -0.31%, two bedroom rental prices have changed by -0.23%, and three bedroom rental prices have changed by 0.01% year-over-year.

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

A reasonable rent price in Central Raleigh, Raleigh, NC is around $1,756/month. You can search for these reasonably priced rental listings on RentHop.