Raleigh rents increased over the past month
Raleigh rents grew by 0.3% over the past month, bringing year-over-year growth to 2.6%. 1-bedrooms in Raleigh have a median rent of $1,000, while 2-bedrooms cost $1,100.
Raleigh is the 5th most expensive city for renters
- Charlotte: Charlotte is the most expensive city for renters in North Carolina. A 2-bedroom in Charlotte runs $1,210, and 1-bedrooms cost $1,090. Charlotte rents grew by 1.3% over the past month.
- Cary: Cary has the 2nd highest rent prices in the state. 2-bedrooms in Cary cost $1,210, and 1-bedrooms run $980. Rents in Cary increased by 0.8% over the past month, and prices are 4.9% higher than last year.
- Durham: Durham places third for most expensive city for renters. Median rents in Durham are at $1,200 for 2-bedrooms and $930 for 1-beds. Durham rents grew by 0.4% over the last month.
Wilmington shows the fastest-growing rents
- Wilmington: Having experienced a 5.6% increase in rents over the last year, Wilmington shows the most year-over-year growth in the state. 2-bedrooms in Wilmington cost $1,070, while 1-bedrooms rent for $830.
- Fayetteville: Rents in Fayetteville are 4.5% higher than they were last year, though rent growth was flat over the past month. 1- and 2-bedrooms in Fayetteville cost $630 and $680, respectively.
- Winston-Salem: Winston-Salem shows the 5th fastest-growing rents in North Carolina, at a 4.1% increase over last year. A 2-bedroom there costs $750, and 1-bedrooms go for $740.
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Apartment List Rent Report data is drawn monthly from the millions of listings on our site. 1-bedroom and 2-bedroom rents are calculated as the median for units available in the specified size and time period. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, taking the average price change for units available across both time periods.
About Rent Reports:
Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top cities, and identify the key facts renters should know. As always, our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home.