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

824 rentals available

Don't miss out! Reduced Price!
$1,195
2020 Quaker Landing, Raleigh, NC 27603
(919) 787-9375
1 unit available
2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garbage disposal, Range + more
Recently updated units
Spacious 3 Bedroom Condo- Close to NCSU and Downtown Raleigh! Available Now!
$1,450
3001 Trailwood Pines Lane, Raleigh, NC 27603
(984) 225-1951
1 unit available
3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Parking, Pool + more
Recently updated units
615 Peace
$1,200
615 West Peace Street, Raleigh, NC 27603
(919) 750-8278
1 unit available
1 bed
Stylish Retreat
Luxury living in vibrant Glenwood South neighborhood
Immerse yourself in the vibrant lifestyle of Downtown Raleigh at 615 Peace. This condo boasts a prime location in Glenwood South, surrounded by top-rated dining and nightlife options. Enjoy contemporary design with sleek appliances and a private balcony offering city views.
Recently updated units
Room in 4 Bedroom Home at Supreme Dr
$650
5502 Supreme Drive, Raleigh, NC 27606
(919) 750-8278
1 unit available
1 bed
Amenities
Patio / balcony, Parking, and Fireplace
Recently updated units
Room in 4 Bedroom Home at Crab Orchard Dr
$650
1331 Crab Orchard Drive, Raleigh, NC 27606
(919) 750-8278
1 unit available
1 bed
Amenities
On-site laundry, Patio / balcony, and Pet friendly
Campus Proximity
Conveniently near NC State University
This beautiful property offers a unique renting experience, with individual bedrooms and personal bathrooms. Residents love the convenience of being close to NC State University, perfect for quick commutes. The pet-friendly environment welcomes both cats and dogs, providing additional flexibility for pet owners.
Recently updated units
Room in 4 Bedroom Home at Collaboration Way
$640
3205 Collaborative Way, Raleigh, NC 27620
(919) 750-8278
1 unit available
1 bed
Amenities
In unit laundry and Pool
Central Convenience
Prime Location with Easy Commutes
Discover this spacious 4-bedroom home located near major destinations like downtown Raleigh and NC State University. Enjoy the convenience of in-unit laundry and a relaxing backyard oasis. Reviewers love the spacious layout and the home’s strategic access to essential amenities and routes.
Recently updated units
Room in 4 Bedroom Home at University Ct
$550
1220 University Court, Raleigh, NC 27606
(919) 750-8278
1 unit available
1 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Walk in closets, Pool, Air conditioning + more
Campus Proximity
Conveniently near NC State and downtown Raleigh.
This property offers convenience with its prime location near NC State University and downtown Raleigh, making commuting and city exploration easy. Enjoy private bathrooms and walk-in closets in each room for added comfort. The vibrant community boasts amenities like a pool, basketball, and tennis courts, enhancing the living experience.
Recently updated units
3217 Olustee Drive
$2,100
3217 Olustee Drive, Raleigh, NC 27610
(888) 655-3488
1 unit available
5 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garage, Pool + more
Recently updated units
2240 Long and Winding Road
$1,995
2240 Long and Winding Road, Raleigh, NC 27603
(919) 230-9121
1 unit available
3 bed
Amenities
Patio / balcony, Pet friendly, Fireplace, and Refrigerator
Recently updated units
Short term lease available!
$1,750
6904 Fox Haven Place, Raleigh, NC 27616
(919) 388-5436
1 unit available
3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Recently renovated, Stainless steel, Air conditioning + more
Recently updated units
6547 New Market Way
$1,697
6547 New Market Way, Raleigh, NC 27615
(919) 666-6995
1 unit available
3 bed
Amenities
Patio / balcony, Pet friendly, Air conditioning, Ceiling fan, and Fireplace
Recently updated units
3071 Huntleigh Drive
Ask for price
3071 Huntleigh Drive, Raleigh, NC 27604
(919) 307-9075
Contact for Availability
Amenities
In unit laundry, Granite counters, Hardwood floors, and Stainless steel
929 Saint Marys Street - 1
Ask for price
929 Saint Marys Street, Raleigh, NC 27605
(984) 230-9200
Contact for Availability
Amenities
Hardwood floors, Dishwasher, Pet friendly, Parking, Recently renovated, and Air conditioning
2844 Club Plaza Rd
$1,400
2844 Club Plaza Road, Raleigh, NC 27603
(919) 322-9944
1 unit available
2 bed
Amenities
W/D hookup, Hardwood floors, Pet friendly, Parking, Recently renovated, Air conditioning + more
Recently updated units
1905 Peach Creek Court - A
$1,350
1905 Peach Creek Court, Raleigh, NC 27603
(919) 322-9944
1 unit available
2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Cable included, Parking, Recently renovated + more
Renovation Charm
Recently upgraded for optimal living in Raleigh, NC.
Experience a modern lifestyle with this property's recent upgrades. The newly renovated kitchen, LVP flooring, and updated lighting create an inviting and stylish living space. Located conveniently for easy access to downtown Raleigh amenities, it's designed for those valuing both comfort and accessibility.
Recently updated units
516 Brent Road
$1,895
516 Brent Road, Raleigh, NC 27606
(516) 519-3332
1 unit available
3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Recently renovated + more
Recently updated units

The average rent for a 1 bedroom apartment in Raleigh is $1,480+, while the average rent for a 2 bedroom apartment is $1,856+. Rent rates updated 3 days ago

Studio: $1,392+Trending up
1 Bed: $1,480+Trending up
2 Beds: $1,856+Trending up
3+ Beds: $2,097+Trending up

* 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
Cameron Village
View 17 listings
What it’s like to live in Cameron Village
Strategic positioning near both downtown Raleigh employment and North Carolina State University makes Cameron Village ideal for professionals and academics seeking convenience without campus congestion. The neighborhood surrounds Raleigh's first shopping center, now transformed into a vibrant mixed-use district with restaurants, boutiques, and everyday amenities within walking distance of most rentals. Most apartments feature contemporary finishes with generous floor plans unusual for similarly central locations in comparable Southeastern cities experiencing rapid growth. For renters seeking sophisticated environments without downtown premium pricing, Cameron Village delivers Raleigh's compelling combination of walkable amenities, urban accessibility, and relative affordability increasingly difficult to secure within reasonable distance to downtown employment centers creating practical alternatives for households seeking balanced urban environments without extreme financial compromises increasingly necessary throughout rapidly appreciating Southeastern metropolitan regions requiring value-focused alternatives beyond purely central or purely peripheral location considerations affecting comprehensive quality-of-life calculations
Great for
Families
Retirees
Dog Owners
Outdoor Enthusiasts
Commuters
Neighborhood vibe
Suburban
Residential
Family-Oriented
View 17 listings
King Charles
View 11 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 11 listings

Neighborhoods

View all

More Rental Options

Bedrooms

Price

Amenities

Property Type

Raleigh Short-term Apartments (107)

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

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

Cameron Village

What it’s like to live in Cameron Village

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)

Are housing prices going down in Raleigh, NC?

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

What’s the best place to live in Raleigh?