20 Apartments under 800 for rent in Raleigh, NC

Last updated June 17 at 10:55pm UTC
1355 Springlawn Court
Raleigh
Raleigh, NC
Updated June 13 at 6:03am UTC
1 Bedroom
$475
3023 Taybran Ln
Home Acres
Raleigh, NC
Updated June 12 at 3:59pm UTC
1 Bedroom
$675
1256 McCauley St
Raleigh
Raleigh, NC
Updated June 12 at 3:56pm UTC
1 Bedroom
$795
1801 Glenwood Avenue
Raleigh
Raleigh, NC
Updated June 7 at 5:32am UTC
Studio
$795
408 Horne Street
Wade
Raleigh, NC
Updated June 2 at 1:02pm UTC
2 Bedrooms
$775
Results within 1 miles of Raleigh, NC
Results within 5 miles of Raleigh, NC
122 Broughton Street A1
Garner
Garner, NC
Updated June 16 at 10:06am UTC
1 Bedroom
$175
Results within 10 miles of Raleigh, NC
1199 Ser J Dr
Franklinton
Franklinton, NC
Updated June 6 at 11:29am UTC
3 Bedrooms
$725
527 N. Cypress St.
Wendell
Wendell, NC
Updated June 17 at 9:26am UTC
2 Bedrooms
$675

June 2018 Raleigh Rent Report

Welcome to the June 2018 Raleigh Rent Report. Raleigh rents increased over the past month. In this report, we'll evaluate trends in the Raleigh rental market, including comparisons to cities throughout the state and nation.

View full Raleigh Rent Report
Rent Report
Raleigh

June 2018 Raleigh Rent Report

Welcome to the June 2018 Raleigh Rent Report. Raleigh rents increased over the past month. In this report, we'll evaluate trends in the Raleigh rental market, including comparisons to cities throughout the state and nation.

Raleigh rents increased significantly over the past month

Raleigh rents have increased 0.5% over the past month, and are up slightly by 1.0% in comparison to the same time last year. Currently, median rents in Raleigh stand at $970 for a one-bedroom apartment and $1,120 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in February. Raleigh's year-over-year rent growth lags the state average of 1.2%, as well as the national average of 1.5%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Raleigh, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 1.2% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,220; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Winston-Salem experiencing the fastest growth (+4.2%).
  • Wilmington, High Point, and Greensboro have all experienced year-over-year growth above the state average (3.4%, 3.3%, and 2.4%, respectively).

Raleigh rents more affordable than many large cities nationwide

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

  • Raleigh's median two-bedroom rent of $1,120 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.0% rise in Raleigh.
  • While Raleigh's rents rose marginally over the past year, the city of Seattle saw a decrease of 0.8%.
  • 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.