27 Furnished Apartments for rent in Raleigh, NC

Last updated July 23 at 3:25pm UTC
2200 Mountain Mist Ct Unit 201
Raleigh
Raleigh, NC
Updated July 19 at 9:43am UTC
3 Bedrooms
$1,099
7344 Doverton Court
Raleigh
Raleigh, NC
Updated July 13 at 10:47pm UTC
3 Bedrooms
$1,500
319 Fayetteville Street
Downtown Raleigh
Raleigh, NC
Updated July 4 at 2:23am UTC
1 Bedroom
$2,000
2000 University Woods Road
Raleigh
Raleigh, NC
Updated June 13 at 1:46am UTC
4 Bedrooms
$2,000
Results within 1 miles of Raleigh, NC
Results within 5 miles of Raleigh, NC
4201 Sunset Falls Drive
Wake Forest
Wake Forest, NC
Updated July 15 at 6:43am UTC
5 Bedrooms
$2,500
1513 Kudrow Lane
Morrisville
Morrisville, NC
Updated July 14 at 7:08pm UTC
2 Bedrooms
$1,900
Results within 10 miles of Raleigh, NC
1069 Silverleaf Drive
Youngsville
Youngsville, NC
Updated July 23 at 2:26pm UTC
4 Bedrooms
$2,750
8912 Bowtie Ct
Wake Forest
Wake Forest, NC
Updated July 19 at 9:48am UTC
3 Bedrooms
$2,000
1812 Crag Burn Ln
Hedingham
Raleigh, NC
Updated July 16 at 9:14am UTC
3 Bedrooms
$1,550
1241 University Ct
Raleigh
Raleigh, NC
Updated July 20 at 5:20pm UTC
1 Bedroom
$475

July 2018 Raleigh Rent Report

Welcome to the July 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

July 2018 Raleigh Rent Report

Welcome to the July 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 increase sharply over the past month

Raleigh rents have increased 0.6% over the past month, but have been relatively flat at 0.3% in comparison to the same time last year. Currently, median rents in Raleigh stand at $970 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the fourth 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 1.0%, as well as the national average of 1.4%.

Rents rising across cities in North Carolina

Throughout the past year, rents have remained steady in the city of Raleigh, but other cities across the entire state have seen rents increase. 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 1.0% 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 $1,240; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Wilmington experiencing the fastest growth (+3.3%).
  • Winston-Salem, High Point, and Greensboro have all experienced year-over-year growth above the state average (3.3%, 2.4%, and 2.4%, respectively).

Raleigh rents more affordable than many large cities nationwide

Rent growth in Raleigh has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Raleigh is still more affordable than most large cities across the country.

  • Raleigh's median two-bedroom rent of $1,130 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the stagnant growth in Raleigh.
  • While rents in Raleigh remained moderately stable this year, similar cities saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Miami (+1.8%); note that median 2BR rents in these cities go for $1,040, $1,180, and $1,370 respectively.
  • 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.