Are housing prices going down in Raleigh, NC?

The rental market is on a slight downswing, and the median cost of Raleigh, NC apartments is $1,396. Depending on the floor plan, tenants can expect to pay: - 1BR : $1,230/month - 2BR : $1,403/month

How much do you need to make to live comfortably in Raleigh, NC?

Raleigh’s cost of living is pretty reasonable, but no matter where you live, it’s best practice not to spend more than 30% of your income on rent. So, to afford a two-bedroom apartment at $1,403 per month, you should earn a yearly salary of $56,124. This is well below the city’s median household income of $78,631.

What’s the best place to live in Raleigh?

There are many great neighborhoods to call home in Raleigh, NC. Some of the best include: – Downtown : One of the most exciting areas in Raleigh, downtown Raleigh, NC apartments are near a bustling mix of boutique restaurants and cafés, especially along Fayetteville Street. – Five Points : Five Points is a safe and affordable neighborhood made up of five subdistricts. Located about five minutes from Main Street, it’s home to Roanoke Park and some of the best Argentinian food you’ve ever tasted. – Stonehenge : If you prefer a slower pace, Stonehenge ’s tree-lined streets and family-friendly vibe might be the perfect fit. It’s also close to Lynn Lake Park, which is great for afternoon strolls.

Start your Raleigh search

How many bedrooms do you need?

Apartments for Rent in Raleigh, NC

830 rentals available

Walnut Creek Apartments
$1,149
700 Ryan Court, Raleigh, NC 27606
(984) 283-5738
Rent Savings
16 units available
2 bed • 4 bed
Amenities
W/D hookup, Pet friendly, 24hr maintenance, Dog park, Air conditioning, Playground + more
Pet Paradise
Welcoming Community with Modern Comforts
Discover Walnut Creek Apartments, where modern amenities meet a serene environment. Enjoy spacious apartments featuring upgraded interiors and convenient washer/dryer connections. Residents rave about the community's pet-friendly atmosphere for both cats and dogs, complemented by a dog park. Unwind with a playground and sports court perfect for relaxation and recreation.
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Sunnybrook Residences
$1,287
2421 Brightcreek Falls Trail, Raleigh, NC 27610
(984) 689-9070
8 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, New construction + more
All-Inclusive Living
Sunnybrook: Access Raleigh, Luxurious New Community
Sunnybrook Residences in Raleigh presents a newly crafted community featuring stunning modern designs with brand-new appliances and spacious layouts. Residents are treated to various amenities, from dual pools to a state-of-the-art fitness center and even a game room. Positioned conveniently close to downtown, major tech hubs, and medical centers, this pet-friendly residence offers great value for those seeking a vibrant lifestyle.
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Olde Towne Residences
$1,279
2301 Ostracod Lane, Raleigh, NC 27610
(919) 823-3780
8 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Vibrant Community
Modern living with exceptional amenities in Raleigh.
Olde Towne Residences offers a vibrant living experience with modern amenities like indoor and outdoor pools, a 24-hour fitness center, and a pristine game room. Situated in Raleigh, the property grants easy access to downtown's attractions and services. Residents enjoy spacious layouts with features such as private patios and wood flooring, perfect for comfortable living.
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L Apartments
$1,225
205 W Davie St, Raleigh, NC 27601
(256) 530-8436
8 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Downtown Living
Prime location with modern design and amenities.
Located in Downtown Raleigh, L Apartments provide an ideal setting for vibrant urban living. Residents love the easy access to restaurants, parks, and entertainment venues. Offering sleek granite countertops and hardwood floors, each apartment is elegantly designed. The property boasts fantastic amenities like a rooftop terrace and a 24-hour fitness studio.
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The Crest at Brier Creek
$1,229
6450 Viewpoint Circle, Raleigh, NC 27617
(919) 617-6592
Rent Savings
42 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Nest technology, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Luxury living in prime Raleigh location.
The Crest at Brier Creek offers luxury living with modern amenities like a resort-style pool and gym. Its convenient location near major highways and shopping centers makes it ideal for seamless commutes and errands. Residents praise the friendly staff and efficient maintenance, ensuring a comfortable living experience.
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Leigh House
2421 Landmark Dr, Raleigh, NC 27607
(919) 336-0140
$1,185+ moTotal price12-mo lease
Rent Savings
16 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Upscale, vibrant location with modern amenities.
Leigh House in Raleigh offers luxury at every turn with its vibrant, modern environment. The property boasts a wealth of amenities such as a sparkling swimming pool, gym, and gorgeous outdoor spaces. Residents benefit from walkable access to grocery stores, restaurants, and parks, alongside excellent transport links for seamless commuting.
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Comfort, Convenience Value - Charming, Renovated Home!! ADMIN FEES WAIVED *Limited Time Only*
$1,647
2834 Friar Tuck Road, Raleigh, NC 27610
(984) 300-3074
1 unit available
3 bed
Amenities
Granite counters, Hardwood floors, Pet friendly, Recently renovated, Stainless steel, Extra storage + more
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Modern Apartment minutes from Downtown Raleigh
$1,197
704 McMakin Street, Raleigh, NC 27610
(984) 231-9284
1 unit available
2 bed
Amenities
Granite counters, Dishwasher, Pet friendly, Stainless steel, Key fob access, Microwave + more
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Exceptional Value in a Prime Location — Tour Today
$1,097
701 Buck Jones Road, Raleigh, NC 27606
(984) 538-4303
5 units available
2 bed
Amenities
W/D hookup, Granite counters, Dishwasher, Pet friendly, Recently renovated, Stainless steel + more
Modern Comfort
Newly renovated apartments with premium, stylish features.
South Valley Apartments offer newly renovated units with top-tier modern amenities like stainless steel appliances, granite countertops, and a farmhouse sink. With a pet-friendly policy, both cats and dogs are welcome. Enjoy serene creek views and charming brick accent walls, all while being conveniently located near NC State University and various shopping centers.
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Centennial Lofts
$950
1531 Crest Road, Raleigh, NC 27606
(984) 306-5128
13 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Pet friendly, Parking, Recently renovated, and Bbq/grill
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Porchlight Brier Creek
$2,336
2751 Page Road, Raleigh, NC 27617
(239) 288-0235
Rent Savings
14 units available
3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Pet friendly, Garage, Stainless steel + more
Modern Comfort
Elegant townhome living in Raleigh's Brier Creek.
Discover Porchlight Brier Creek, an oasis of modern living. Renters love the stylish and well-appointed townhomes, featuring high-end finishes like stainless steel appliances and 9-foot ceilings. With abundant green spaces and walking trails, the community offers an inviting environment for both residents and their pets, with convenient access to nearby highways for easy commuting.
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Inviting 1-Bedroom Condo with Natural Light!
$1,299
1300 Hillbrow Lane, Raleigh, NC 27615
(984) 768-8882
1 unit available
1 bed
Amenities
In unit laundry, Pet friendly, All utils included, and Pool
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3 bd 2.5 ba House
$1,795
4201 Beacon Crest Way, Raleigh, NC 27604
(984) 367-4338
1 unit available
3 bed
Amenities
Patio / balcony, Dishwasher, Garage, Recently renovated, Stainless steel, and Range
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Newly Renovated Quadplex
$1,245
4720 Hoyle Drive, Raleigh, NC 27604
(984) 353-2076
1 unit available
2 bed
Amenities
W/D hookup, Granite counters, Dishwasher, Pet friendly, Recently renovated, Stainless steel + more
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Brookside Apartments
$1,095
1406 Brookside Drive, Raleigh, NC 27604
(984) 224-7328
Rent Savings
10 units available
Studio • 1 bed • 2 bed
Amenities
W/D hookup, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Convenient Luxury
Prime location with top-notch amenities and pet allowance.
Discover modern living at Brookside Apartments in vibrant Raleigh. With its pet-friendly policy allowing both cats and dogs, it grants you seamless access to dining and entertainment. Enjoy the tranquil neighborhood while indulging in spacious, well-appointed apartments.
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1402-M Gorman St. 1 Bedroom / 1 Bathroom ~ Walk to NCSU on Wolfline ~
$950
1402 Gorman Street, Raleigh, NC 27606
(984) 983-6784
1 unit available
1 bed
Amenities
W/D hookup and Some paid utils
Prime Location
Conveniently located near NCSU and essential transportation links.
The Woodall Apartments' prime location offers unbeatable convenience for easy commuting and accessing amenities. Residents love how close it is to NCSU and downtown Raleigh, enhancing their living experience. Plus, the inclusion of water in the rent is a great value addition for peace of mind.
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The average rent for a 1 bedroom apartment in Raleigh is $1,477+, while the average rent for a 2 bedroom apartment is $1,851+. Rent rates updated 5 days ago

Studio: $1,372+Trending down
1 Bed: $1,477+Trending down
2 Beds: $1,851+Trending down
3+ Beds: $2,089+Trending down

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods in Raleigh

Downtown Raleigh
View 32 listings
What it’s like to live in Downtown Raleigh
Urban renaissance defines Downtown Raleigh, where North Carolina's capital city continues developing with new residential options alongside historic buildings. Rental choices range from industrial-chic lofts to luxury high-rises with skyline views and rooftop amenities. The walkable district offers exceptional access to government employment, restaurant rows, and multiple entertainment venues, though rental rates exceed Raleigh averages with particular competition for units in the most desirable buildings.
Great for
Young Professionals
Tech Workers
Nightlife Enthusiasts
Commuters
Investors
Neighborhood vibe
Urban
Bustling
Walkable
View 32 listings
University Park
View 11 listings
What it’s like to live in University Park
Historic character with academic accessibility defines University Park, where this established Raleigh neighborhood borders NC State University. Rental options include divided bungalows and apartments in smaller buildings throughout this transitional area between campus and downtown. The neighborhood provides walking access to both university facilities and the developing Hillsborough Street corridor, creating an ideal environment for academic households seeking character beyond purely student-focused housing options.
Great for
Families
Retirees
Dog Owners
Outdoor Enthusiasts
Commuters
Neighborhood vibe
Suburban
Green Spaces
Family-Friendly
View 11 listings
King Charles
View 9 listings
What it’s like to live in King Charles
University influence shapes King Charles, where Raleigh's established neighborhood near North Carolina State University offers quieter alternatives to undergraduate-dominated districts. The area features mid-century ranches and modest apartments at more reasonable rates than downtown despite similar access to urban amenities. Though some properties show their age with vintage quirks requiring maintenance knowledge, the established tree canopy provides natural beauty and cooling shade during Carolina summers – advantages impossible to replicate in newer developments with recently planted landscaping. The primary advantage remains the balance of academic accessibility with residential tranquility, creating ideal environments for graduate students and faculty seeking separation between educational environments and personal living spaces beyond purely campus-adjacent options.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial
View 9 listings

Neighborhoods

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Price

Amenities

Property Type

Raleigh Short-term Apartments (110)

Finding Raleigh Apartments for Rent

Raleigh, North Carolina is on the cutting edge of science and technology, partly thanks to its location within the Research Triangle. The tech hub’s proximity to three top universities attracts plenty of students and educators.

But Raleigh isn’t all work and no play — the city boasts multiple attractions and a thriving cultural scene. Residents enjoy wandering through Pullen Park or biking around William B. Umstead State Park. And after working up an appetite, folks can head to the Morgan Street Food Hall for some delicious global cuisine.

With so much going on, it’s no wonder that housing for rent in Raleigh, NC is in high demand. Thankfully, Apartment List makes it easy to search for apartments in Raleigh, NC.

Download the app from Google Play or the App Store, then complete the Renter Quiz. Our powerful AI platform will curate a list of Raleigh apartments customized to your needs. Sort by budget, amenities, and neighborhood to locate the perfect apartments for rent in Raleigh, NC. Once you find your favorites, schedule tours and talk to landlords directly within the app.

Frequently Asked Questions (FAQs)

The rental market is on a slight downswing, and the median cost of Raleigh, NC apartments is $1,396. Depending on the floor plan, tenants can expect to pay:
- - 1BR: $1,230/month
- - 2BR: $1,403/month
There are many great neighborhoods to call home in Raleigh, NC. Some of the best include:
- – Downtown: One of the most exciting areas in Raleigh, downtown Raleigh, NC apartments are near a bustling mix of boutique restaurants and cafés, especially along Fayetteville Street.
- – Five Points: Five Points is a safe and affordable neighborhood made up of five subdistricts. Located about five minutes from Main Street, it’s home to Roanoke Park and some of the best Argentinian food you’ve ever tasted.
- – Stonehenge: If you prefer a slower pace, Stonehenge’s tree-lined streets and family-friendly vibe might be the perfect fit. It’s also close to Lynn Lake Park, which is great for afternoon strolls.

Apartments for Rent in Raleigh, NC

Walnut Creek Apartments

Sunnybrook Residences

Olde Towne Residences

L Apartments

The Crest at Brier Creek

Leigh House

Comfort, Convenience Value - Charming, Renovated Home!! ADMIN FEES WAIVED Limited Time Only

Modern Apartment minutes from Downtown Raleigh

Exceptional Value in a Prime Location — Tour Today

Centennial Lofts

Porchlight Brier Creek

Inviting 1-Bedroom Condo with Natural Light!

3 bd 2.5 ba House

Newly Renovated Quadplex

Brookside Apartments

1402-M Gorman St. 1 Bedroom / 1 Bathroom ~ Walk to NCSU on Wolfline ~

Average rent in Raleigh, North Carolina

Top neighborhoods in Raleigh

Downtown Raleigh

What it’s like to live in Downtown Raleigh

Great for

Neighborhood vibe

University Park

What it’s like to live in University Park

Great for

Neighborhood vibe

King Charles

What it’s like to live in King Charles

Great for

Neighborhood vibe

More Rental Options

Finding Raleigh Apartments for Rent

Frequently Asked Questions (FAQs)