16 Apartments under 700 for rent in Raleigh, NC

Last updated September 26 at 6:04AM
3033 Taybran Ln
Home Acres
Raleigh, NC
Updated September 26 at 3:49AM
1 Bedroom
$675
Results within 10 miles of Raleigh, NC
3679 Bruce Garner Rd
Franklinton
Franklinton, NC
Updated September 26 at 3:42AM
3 Bedrooms
$675
115 Holiday Park Rd
Hillsborough
Hillsborough, NC
Updated September 26 at 3:15AM
2 Bedrooms
$695
102 N Market St
Benson
Benson, NC
Updated September 26 at 3:18AM
Studio
$650
Results within 20 miles of Raleigh, NC
192 Chappell Lane
Kittrell
Kittrell, NC
Updated September 26 at 3:48AM
2 Bedrooms
$625
4921 Fairground Rd Apt 2B
Dunn
Dunn, NC
Updated September 26 at 3:47AM
1 Bedroom
$525
406 Macon Street
Duke Park
Durham, NC
Updated September 19 at 10:18AM
1 Bedroom
$650
2060 Francis Ave
Henderson
Henderson, NC
Updated September 26 at 3:47AM
2 Bedrooms
$410
1201A Holloway Street
Chapel Hill
Chapel Hill, NC
Updated September 14 at 3:13AM
Studio
$600
226 Wilmington Ave
Oxford
Oxford, NC
Updated September 26 at 3:58AM
2 Bedrooms
$625
432 Ridley St.
Louisburg
Louisburg, NC
Updated September 26 at 3:50AM
3 Bedrooms
$650
809 Faucette Mill Road
Hillsborough
Hillsborough, NC
Updated September 11 at 6:41PM
2 Bedrooms
$695
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

Rent Report
Raleigh

September 2017 Raleigh Rent Report

Welcome to the September 2017 Raleigh Rent Report. Raleigh rents remained steady over the past month. In this report, we'll evaluate trends in the Raleigh rental market, including comparisons to similar cities nationwide.

Raleigh rents held steady over the past month

Raleigh rents have remained flat over the past month, however, they are up moderately by 3.4% year-over-year. Currently, median rents in Raleigh stand at $980 for a one-bedroom apartment and $1,130 for a two-bedroom. Raleigh's year-over-year rent growth lags the state average of 4.3%, but exceeds the national average of 3.0%.

Raleigh rents more affordable than many large cities nationwide

As rents have increased in Raleigh, a few large cities nationwide have seen also rents grow more modestly. Raleigh is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, with North Carolina as a whole logging rent growth of 4.3% over the past year.
  • Raleigh's median two-bedroom rent of $1,130 is slightly below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.4% rise in Raleigh.
  • While Raleigh's rents rose over the past year, many cities nationwide also saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Charlotte (+3.9%).
  • Renters will find more reasonable prices in Raleigh than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Raleigh.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.